By removing, among other things, tax rules that are deemed unnecessary and overlapping, for example withholding tax on cross-border payments of interest and dividends, the European Commission hopes to save at least the equivalent of SEK 88 billion a year.
On the energy side, money will be saved by switching to digital energy labelling more often, especially for products sold directly between businesses – such as refrigerated displays for grocery stores – rather than to ordinary consumers. This also includes car tyres.
Wednesday’s two proposals are part of the European Commission’s long-running series of so-called “omnibus packages” to reduce bureaucracy and improve competitiveness.
