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European Commission Agrees on the Need for New Approach to Corporate Taxation in the EU — Orbitax Tax News & Alerts

On 27 May 2015, the EU College of Commissioners held an orientation debate where it was agreed that a new approach to corporate taxation in the EU is needed to successfully address tax abuse, ensure sustainable revenues and foster a better business environment in the internal market. The orientation debate will feed into an Action Plan in June, which will include a strategy to re-launch the works on the introduction of a Common Consolidated Corporate Tax Base (CCCTB) at the level of the EU, to implement measures against tax avoidance which are being developed at international level within the OECD, and to further strengthen tax transparency.

Click the following link for a press release issued by the European Commission following the debate.