A draft European Parliament report dated Feb. 4 calls for changes to the VAT exemption for the EU’s financial sector, arguing it is misaligned with today’s economic and technological realities. The report proposes coordinated EU‑wide taxation where feasible and minimum standards for temporary windfall taxation to align exceptional profits with long‑term public investment priorities. It was authored by German MEP Matthias Ecke.
The report states that the VAT exemption for the EU’s financial sector is misaligned with today’s economic and technological realities.
It calls for coordinated EU‑wide taxation where feasible and minimum standards for temporary windfall taxation.
The report was dated Feb. 4, 2026.
The report was written by German MEP Matthias Ecke of the Socialists and Democrats group.
To ensure predictability and coordination and align exceptional profits with long‑term public investment priorities.
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