A coherent tax framework for the EU's financial sector

1. ✓ Referred to committee (done) 23 January 2025
2. ✓ Committee work (done) Report adopted 3 June 2026
3. ✓ Tabled for plenary (done) 11 June 2026
4. ✓ Plenary vote (done) Adopted 7 July 2026
5. ✓ Parliament’s position (done) Final

Parliament sets out its own position on a topic. The resolution is not binding but signals what Parliament wants.

Lead committee

Economic and Monetary Affairs ECON

Author

Matthias ECKE (S&D)

Shadow rapporteurs

Regina DOHERTY (EPP), Tomáš KUBÍN (Patriots), Roberts ZĪLE (ECR), Gilles BOYER (Renew), Rasmus ANDRESEN (Greens), Jussi SARAMO (The Left)

Each group's clear line at the date of the vote: a position with at least two thirds of the group's votes (at least 10 members voting), otherwise Divided; “< 10 voted” when fewer took part. Result: outcome, for–against–abstained (method).

Key: ✓ For ✗ Against ○ Abstained ÷ Divided (no clear line)

1. 7 Jul 2026 Amendment 3 to paragraph 27

   Rejected 283–341–34

   The Left

   For ✓

   Greens

   For ✓

   S&D

   For ✓

   Renew

   For ✓

   EPP

   Against ✗

   ECR

   Against ✗

   Patriots

   Against ✗

   ESN

   Against ✗

2. 7 Jul 2026 Amendment 4 to paragraph 33

   Rejected 214–389–54

   The Left

   For ✓

   Greens

   For ✓

   S&D

   For ✓

   Renew

   Against ✗

   EPP

   Against ✗

   ECR

   Against ✗

   Patriots

   Against ✗

   ESN

   Against ✗

3. 7 Jul 2026 Amendment 5 to paragraph 34

   Rejected 210–393–45

   The Left

   For ✓

   Greens

   For ✓

   S&D

   For ✓

   Renew

   Against ✗

   EPP

   Against ✗

   ECR

   Against ✗

   Patriots

   Divided ÷

   ESN

   Against ✗

4. 7 Jul 2026 Amendment 6 to paragraph 35

   Rejected 279–333–41

   The Left

   For ✓

   Greens

   For ✓

   S&D

   For ✓

   Renew

   Against ✗

   EPP

   Against ✗

   ECR

   For ✓

   Patriots

   Divided ÷

   ESN

   Against ✗

5. 7 Jul 2026 Final vote — text as a whole

   Adopted 418–152–85

   The Left

   Abst. ○

   Greens

   For ✓

   S&D

   For ✓

   Renew

   For ✓

   EPP

   For ✓

   ECR

   Divided ÷

   Patriots

   Against ✗

   ESN

   Against ✗

1. Adopted by Parliament7 Jul 2026

   Adopted text TA10-0248/2026 TA-10-2026-0248

   Compare with tabled for plenary

2. Tabled for plenary11 Jun 2026

   Report A10-0169/2026 A-10-2026-0169

   Compare with committee draft

3. Committee draft4 Feb 2026

   Draft report (ECON) ECON-PR-779360

1. Latest Tabled for plenary → Adopted by Parliament Report A10-0169/2026 → Adopted text TA10-0248/2026

   ▸ AIAI: What changed Written by AI from the official text — check the source

   The adopted text removes a paragraph on regulatory arbitrage and profit shifting, and rewrites another to attribute fragmentation to the financial crisis and sector-specific taxes. It also drops specific VAT reform options, adding instead a requirement to safeguard consumers and ensure fair contributions. Other changes are formal or wording: corrected typos, removed footnote numbers, and rephrased sentences without altering substance.

   Read the changes · Report a problem

   Compare the two versions

2. Committee draft → Tabled for plenary Draft report (ECON) → Report A10-0169/2026

   ▸ AIAI: What changed Written by AI from the official text — check the source

   The report expands significantly, adding new recitals and paragraphs on VAT reform, the FASTER Directive, and the Savings and Investments Union. It shifts focus from supporting an EU-wide FTT to exploring VAT reform options and improving coordination, while acknowledging the FTT withdrawal. New text highlights the negative effects of the VAT exemption, such as fragmentation and costs, and calls for studies and impact assessments. The report adds calls for action on the Head Office Tax proposal and stresses the need for data and transparency in financial sector taxation. The other changes are formal: updated references and renumbering of paragraphs.

   Read the changes · Report a problem

   Compare the two versions

Permalink

https://news.eu-parl.st-solutions.dev/dossiers/2024-2117

Official source

• Procedure file (Legislative Observatory, OEIL) ↗

Data source

• EP Open Data API: procedure record ↗

Licensed CC BY 4.0.

Retrieved

25 September 2026

European Parliament (2026). “A coherent tax framework for the EU's financial sector”. Dossier, 7 July 2026. procId 2024-2117, reference 2024/2117(INI). EU Parl Watch Research. https://news.eu-parl.st-solutions.dev/dossiers/2024-2117 (retrieved 25 September 2026). Official source: Procedure file (Legislative Observatory, OEIL), https://oeil.secure.europarl.europa.eu/oeil/en/procedure-file?reference=2024%2F2117(INI). Data: EP Open Data API: procedure record, https://data.europarl.europa.eu/api/v2/procedures/2024-2117 (CC BY 4.0).

@misc{epw-dossier-2024-2117,
  author = {{European Parliament}},
  title = {{A coherent tax framework for the EU's financial sector}},
  year = {2026},
  date = {2026-07-07},
  howpublished = {\url{https://news.eu-parl.st-solutions.dev/dossiers/2024-2117}},
  url = {https://news.eu-parl.st-solutions.dev/dossiers/2024-2117},
  urldate = {2026-09-25},
  publisher = {EU Parl Watch Research},
  note = {Dossier. procId 2024-2117, reference 2024/2117(INI). Official source: https://oeil.secure.europarl.europa.eu/oeil/en/procedure-file?reference=2024\%2F2117(INI). Data: EP Open Data API: procedure record (CC BY 4.0)}
}