Honourable Members,

Ladies and Gentlemen,

Good morning to everyone here and online.

Its a pleasure to welcome you to todays EU Tax Symposium. Special thanks to my colleagues in TAXUD and the FISC Sub-Committee for co-organizing this great event. Thanks also to Gerassimos Thomas and MEP Tridico for their contributions. The number of attendees highlights the importance of this event, which grows every year and is now Europes top tax policy event.

Tax is a key part of my portfolio, and while I feel on familiar ground, its also uncharted territory. We face challenges like never before. The world has become more unstable, and Europe must protect and advance its economy.

With rising energy prices and strategic vulnerabilities, we must act. A stronger Union is needed, one that is confident and capable of protecting its citizens.

Taxes are essential for investment in education, healthcare, and the environment. They must be managed fairly and wisely. My goal as Commissioner is to drive EU tax initiatives that contribute to a competitive and green future. Today, I discuss the Commissions tax priorities around three themes: competitiveness and green transition, effective tax collection, and international cooperation for fairness and transparency.

(Competitiveness and green transition)

Europe is focusing on decarbonisation and partnering with businesses to promote the green transition. We need to adjust tax frameworks to encourage electrification and reduce reliance on fossil fuels. Member States are encouraged to implement tax measures that make clean investments more attractive.

(Efficient tax collection)

A well-functioning tax system is crucial for economic growth. Reducing the tax gap offers the most opportunities to increase revenue without new taxes. Our recent measures to modernize the EU VAT system are a significant step forward.

(International cooperation)

International cooperation on tax matters, particularly with the OECD and G20, remains a priority. We aim for fair tax rules that discourage multinationals from shifting profits and limit tax competition. This is essential for a fair and sustainable economy.

Thank you for your attention.