The European Commission has announced a series of proposed initiatives to support SMEs. This includes, among other things, an optional Head Office Tax System, allowing SMEs operating cross-border through permanent establishments to interact only with the tax administration of the Head Office instead of having to comply with multiple tax systems. --- Championing Europe's SMEs: Commission provides new relief to boost the competitiveness and resilience of SMEs Today, the Commission is presenting a series of initiatives to address the needs of Europe's small and medium-sized enterprises (SMEs) in the current economic environment. Representing 99% of Europe's businesses, SMEs are essential...