EU CONSOLIDATED CORPORATE TAXATION BASE – EUROPEAN COMMISSION PLANS
April 1st, 2006
BY KEITH NUTHALL
THE EUROPEAN Commission is planning to press ahead with technical preparations for a potentially controversial move to create a common consolidated corporate tax base for European Union (EU) companies.
In a report, it said that detailed plans needed to be drawn up for member states to make a political decision on whether to back the idea or not.
The idea is laden with potential political problems, given national governments' traditional sensitivity to yielding power to Brussels over taxation, even though a common base should allow them to ...
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