Common EU tax base proposals out next year

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
The EC denied that the move was the first step towards harmonization of tax rates across the EU.

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