EU action against tax evasion, fraud and tax havens

This procedure focuses on strengthening the European Union's framework to combat tax evasion, tax fraud, and the influence of tax havens. It aims to ensure fair taxation and prevent the loss of public revenue by closing loopholes that allow companies and individuals to avoid paying their fair share of taxes.

This will primarily affect multinational corporations and high-net-worth individuals. It aims to increase transparency and cooperation between member states to ensure tax laws are applied consistently across the EU.