EU delays tax base proposal

The European Union has temporarily ceased work on a proposal that all member
states adopt a common method of calculating corporate taxes.

According to a report on,
the European Commission is making final amendments to the proposal.

Laszlo Kovacs, tax commissioner for the EU, said certain ‘detailed technical
areas’ require further investigation, particularly those pertaining to the
financial sector.

The Commission is advocating a common consolidated corporate tax base and had
been due to unveil the plan this Autumn, however, Kovacs said the EU needed ‘a
perfectly elaborated and well justified product.’

‘I remain fully committed to this project, and when the impact assessment and
the proposal are properly ready I will present these to the College,’ he said.

Related reading

Life Belt with Computer Folders