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European Union

Tax professionals have called on companies to act urgently to meet e-invoicing compliance targets as the EU plans to ramp up digitisation.
This week the Biden administration has run into opposition over a proposal for a federal gas tax holiday, while the European Parliament has approved a plan for an EU carbon border mechanism.
Tax directors say a failure to properly implement the EU VAT e-commerce package is hitting companies twice as its first anniversary approaches.
Tax professionals warn that the EU VAT e-commerce package has created more confusion for businesses and could lead to costly errors for sellers and marketplaces.
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