Common EU tax base proposals out next year
Formal proposals for a common consolidated corporate tax base to be released in 2011
The EC plans to produce proposals for a common European tax base next year for businesses operating across member states.
The formal proposal for a common consolidated corporate tax base will be issued by the EC next year, according to European tax commissioner Algirdas Šemeta, as part of a raft of measures to strengthen the single market. Concerns have been raised that the move could increase costs for businesses operating in certain countries, according to tax-news.com.
The EC denied that the move was the first step towards harmonization of tax rates across the EU.