EU Tax Omnibus: Simplification meets political reality

30 June 2026

On 24 June 2026, the European Commission published its long-awaited Tax Simplification Package, comprising two ambitious legislative proposals: the direct taxation Omnibus Directive and the recast of the Directive on Administrative Cooperation (DAC). Together, they represent the most comprehensive overhaul of the EU's direct tax framework in a generation – and one with particular relevance for Luxembourg, as a leading European financial centre and home to a significant number of holding companies, financing platforms and investment structures operating across the EU.

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