With ongoing conflict in Ukraine, political challenges in France and Germany, and Donald Trump's return to the U.S. presidency, Europe faces potential shifts this year. A change in tax policy mindset is suggested for Brussels.

The European Union is encountering a new environment where terms like "competitiveness" and "decluttering" are becoming central to policy discussions. The upcoming European Commission and Poland's presidency of the Council have indicated that simplifying tax files for efficiency should be included in the competitiveness agenda.

As EU tax policies require unanimous adoption, this consensus could benefit those advocating for reducing bureaucratic processes to boost economic growth. However, achieving success will depend on policymakers embracing effective tax policy principles to meet their long-term economic goals.

"This is a preview of our full op-ed originally published in Bloomberg Tax."

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