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Estonia has brought renewed momentum to the European tax policy debate by proposing that the implementation of the 15 % global minimum tax —the “Pillar Two” framework— be made voluntary for smaller EU Member States. The proposal, presented by the Estonian Ministry of Finance, argues that the European directive transposing this global standard should allow countries with smaller economies to decide whether and when to adopt the system, rather than imposing a uniform and bindin

France has initiated an urgent nationwide investigation after identifying a substantial shortfall in value-added tax revenue —a discrepancy approaching €10 billion. Initial fiscal projections for 2025 estimated VAT receipts at €101.4 billion, but updated forecasts have revised this figure down to roughly €96.5 billion. The magnitude of this gap has raised significant concerns within the French government, prompting immediate scrutiny by the Ministry for Public Accounts.

On 14 November 2025, the European Commission unveiled a legislative proposal that could significantly reshape VAT oversight and anti-fraud cooperation across the European Union. The initiative would allow Member States to grant the European Anti-Fraud Office (OLAF) and the European Public Prosecutor’s Office (EPPO) direct access to VAT data, marking a major step toward a more unified and proactive enforcement framework capable of addressing increasingly sophisticated forms of

Canada has unveiled its 2025 Federal Budget , introducing a comprehensive fiscal package designed to stimulate private investment, accelerate clean-technology adoption, and modernise the country’s tax framework. Presented on 4 November 2025  by Prime Minister Mark Carney and Finance Minister Chrystia Freeland, the plan marks one of the most investment-oriented budgets in recent years, projecting up to CAD 1 trillion  in combined public and private investment over the next fiv