EU Taxation and Customs Union

The EU Taxation and Customs Union is a framework that harmonizes tax policies and customs regulations among European Union member states. It aims to facilitate trade by ensuring that goods can move freely between countries without excessive tariffs or bureaucratic obstacles. This union helps prevent tax evasion and distortion of competition, while also allowing countries to set certain taxes, like value-added tax (VAT). By working together, EU countries can create a more efficient and fair economic environment that supports both businesses and consumers across the region.