EU tax avoidance policy reform (OpenLux)

This procedure seeks to reform the European Union's policy framework to prevent tax avoidance and corporate tax evasion. It was prompted by the OpenLux revelations, which highlighted how certain jurisdictions allow companies to avoid paying fair taxes, undermining public finances across the EU.

The changes primarily target multinational corporations and financial entities using tax loopholes. The goal is to increase transparency and strengthen rules against money laundering and economic fraud to protect the EU's financial interests.