A coherent tax framework for the EU's financial sector
Parliament sets out its own position on a topic. The resolution is not binding but signals what Parliament wants.
Where it stands: Parliament adopted the text on 7 July 2026. This is its final position on the matter.
- ✓ Referred to committee 23 January 2025
- ✓ Committee work Report adopted 3 June 2026
- ✓ Tabled for plenary 11 June 2026
- ✓ Plenary vote Adopted 7 July 2026
- ✓ Parliament’s position Final
How a file moves through Parliament
A file is referred to one lead committee (others may give an opinion). Its rapporteur writes a draft report, committee members table amendments, and the committee votes to adopt the report. The report is then tabled for all MEPs; political groups can table further amendments, which are voted on before the final vote in plenary. The adopted resolution is Parliament’s final position; it is not itself law.
Who is working on it
- Lead committee
- ECON — Economic and Monetary Affairs
- Rapporteur
- Matthias ECKE S&D
- Shadow rapporteurs
- Regina DOHERTY PPETomáš KUBÍN PfERoberts ZĪLE ECRGilles BOYER RenewRasmus ANDRESEN Verts/ALEJussi SARAMO The Left
The rapporteur drafts and negotiates the text for the lead committee; each other political group names a shadow rapporteur to follow the file.
The text, version by version
Latest Tabled for plenary → Adopted by Parliament: The adopted text removes a paragraph on regulatory arbitrage and profit shifting, and rewrites another to attribute fragmentation to the financial crisis and sector-specific taxes. It also drops specific VAT reform options, adding instead a requirement to safeguard consumers and ensure fair contributions. Other changes are formal or wording: corrected typos, removed footnote numbers, and rephrased sentences without altering substance. see the changes →
Committee draft → Tabled for plenary: The report expands significantly, adding new recitals and paragraphs on VAT reform, the FASTER Directive, and the Savings and Investments Union. It shifts focus from supporting an EU-wide FTT to exploring VAT reform options and improving coordination, while acknowledging the FTT withdrawal. New text highlights the negative effects of the VAT exemption, such as fragmentation and costs, and calls for studies and impact assessments. The report adds calls for action on the Head Office Tax proposal and stresses the need for data and transparency in financial sector taxation. The other changes are formal: updated references and renumbering of paragraphs. see the changes →
Newest version first. Open a version to read it in full. “What changed” shows the differences paragraph by paragraph; ✦ lines are AI-written from the texts themselves.
Timeline
- Plenary stage
- 7 July 2026 Plenary voteAdopted Adopted by a large majorityFor 418 Against 152 Abstained 85
Final vote — text as a whole at 13:51 · 64% of votes cast in favour · every MEP’s position →
Show all 15 ballots in voting order
1. Separate vote on paragraph 1Adoptedelectronic vote (totals only) — no individual positions recorded2. Separate vote on paragraph 2Rejectedelectronic vote (totals only) — no individual positions recorded3. Separate vote on paragraph 7AdoptedA vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded4. Separate vote on paragraph 7Adoptedelectronic vote (totals only) — no individual positions recorded5. Separate vote on paragraph 8Adoptedelectronic vote (totals only) — no individual positions recordedRejected7. Separate vote on paragraph 27AdoptedA vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded8. Separate vote on paragraph 27Rejectedelectronic vote (totals only) — no individual positions recorded9. Separate vote on paragraph 27Adoptedelectronic vote (totals only) — no individual positions recorded10. Separate vote on paragraph 31AdoptedA vote by raised hands. Only the outcome is recorded, not who voted how. — no individual positions recorded11. Separate vote on paragraph 31Rejectedelectronic vote (totals only) — no individual positions recordedRejectedRejectedRejected15. Final vote — text as a whole 13:51 A10-0169/2026 – Matthias Ecke – Motion for a resolution (as a whole)Adopted - 1 July 2026 6 amendments tabled for the plenary vote
Groups propose changes to the tabled text; each is voted on before the final vote.
- 11 June 2026 Report tabled for plenary
This is the text all MEPs vote on. Political groups can still table amendments to it.
- Committee stage
- 3 June 2026 Committee vote: report adopted
ECON (Economic and Monetary Affairs) voted on the amendments and adopted the report that goes to plenary.
- 19 March 2026 Amendments tabled in committee
Members of ECON (Economic and Monetary Affairs) proposed changes to the draft.
- 4 February 2026 Draft report published
The rapporteur’s first text in ECON (Economic and Monetary Affairs). Members can table amendments before the committee votes.
- 23 January 2025 Referred to the ECON (Economic and Monetary Affairs) committee
The lead committee prepares Parliament’s report.