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President of the European Commission Delivers State of the Union Address to Parliament — Orbitax Tax News & Alerts

On 9 September 2015, President of the European Commission Jean-Claude Juncker delivered the 2015 State of the Union address to parliament. In the address, Juncker highlighted five domains for which proposals will be presented before the end of the year. Concerning taxation in the EU, Juncker stated the following:

"We need to enhance fairness in our taxation policies. This requires greater transparency and equity, for citizens and companies. We presented an Action Plan in June, the gist of which is the following: the country where a company generates its profits must also be the country of taxation. |P One step towards this goal is our work on a Common Consolidated Corporate Tax Base. This simplification will make tax avoidance more difficult. |P We are also working hard with the Council to conclude an agreement on the automatic exchange of information on tax rulings by the end of the year. |P At the same time, we expect our investigations into the different national schemes to yield results very soon. |P And we are fighting hard to get Member States to adopt the modalities of a Financial Transaction Tax by the end of the year."

Click the following link for the full text of State of the Union 2015: Time for Honesty, Unity and Solidarity.