With the Tax Omnibus of 24 June 2026, the European Commission aims to simplify European corporate tax law by reducing bureaucracy and eliminating redundant reporting obligations. Among other measures, companies within the scope of the global minimum tax are to be relieved of parallel obligations (including controlled foreign company rules and DAC 6). In doing so, key demands from the business community have been taken up. An ambitious reduction of red tape would send a strong signal for competitiveness, growth, and new investment in Germany and across Europe. Member States are now called upon to advance the proposal ambitiously and not to dilute it.