Co-ordinated strategy to fight fiscal fraud

This initiative focuses on creating a coordinated approach to tackle tax evasion and fiscal fraud across the European Union. By improving cooperation between member states, the procedure aims to close loopholes that allow individuals and companies to avoid paying taxes, ensuring fairer competition and protecting public budgets.

This will primarily affect businesses and individuals engaging in cross-border financial activities. It aims to strengthen the powers of tax authorities and increase transparency in financial reporting.