Speaking on another matter, EU financial services commissioner Mairead McGuinness expressed her satisfaction with the progress made by member state representatives concerning a law proposed by the EU in June. This legislation aims to simplify procedures for withholding tax refunds. McGuinness stressed the importance of finding a balance between combating fraud and fostering investment, emphasizing that the measure should be advantageous to both tax authorities and investors.
“If it isn’t, it could be an empty shell and a missed opportunity for all,” McGuinness noted.
