MEPs back new EU‑wide ‘28th regime’ businesses plan — but fear a ‘European Delaware’

European Parliament members have endorsed a new EU-wide corporate tax plan called the '28th regime,' which aims to simplify and standardize business taxes across member states. However, there's concern that it could become a haven for low corporate taxes similar to Delaware in the US, potentially eroding tax revenues and increasing competition. This move highlights the EU's efforts to streamline business operations but also raises questions about fairness and the potential for creating tax havens within the bloc.