The own-initiative resolution on a coherent tax framework for the EU financial sector passed 418 – 152 with 85 abstentions, carried by the EPP, S&D, Renew and Greens/EFA. PfE opposed it ( 62 against to 12 for), ECR abstained en bloc, and The Left largely abstained. As a non-legislative text, the resolution creates no law on its own; it is the Parliament's formal political position, intended to press the Commission on how the sector should be taxed and to shape the debate following the withdrawal of the Financial Transaction Tax proposal. The four amendment votes revealed differences of degree over ambition. A centre-left and Left bloc — S&D, Renew, Greens/EFA and The Left — pushed to go further: welcoming the Commission's June 2026 study and endorsing deeper VAT reform, regretting the FTT withdrawal and demanding a new taxation framework, adding EU-wide coordinated windfall taxes, and inserting language against tax-driven profit shifting. All four were rejected, with the EPP, PfE, ECR and ESN voting them down. The closest were the profit-shifting note, which fell by 54 votes, and the VAT-reform amendment, which fell by 58 votes; on the latter ECR gave the more ambitious side no support but crossed over on profit shifting, when 59 of its members voted in favour.
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