More NewsSingle tax base proposal welcomed by EU

Single tax base proposal welcomed by EU

European Parliament welcomes move towards single tax base for companies operating in two or more EU states

European Commission proposals to establish a single basis of tax assessment
for companies operating in two or more European Union (EU) member states have
been welcomed by the European Parliament.

Adopting a report that it initiated which will influence the debate on the
commission’s October Communication (policy paper) on the subject, the parliament
agreed that there should be a ‘common consolidated corporate tax base at
European level for large companies’.

It also agreed an ‘experimental and considered introduction of the system of
home state taxation for small and medium-sized companies,’ that trade across EU
borders.
The parliament said: ‘This would be the best way of tackling the tax obstacles
hampering companies’ cross-border activities, which have a negative impact on
economic growth and corporate competitiveness in both the internal EU market and
the international market’.

MEPs said a comprehensive review could ‘remove barriers set up by different
national tax systems’, notably removing ‘problems of double taxation and tax
evasion’.

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