EUROPEAN COMMISSION RELAUNCHES ATTEMPT TO FORGE EU CONSOLIDATED CORPORATE TAX SYSTEM
October 1st, 2016
THE EUROPEAN Commission today (October 26) relaunched perhaps its most ambitious taxation proposals ever, tabling a new directive on forging a corporate consolidated tax base system within the European Union (EU). Mindful of the need to secure approval from all 28 member states within the EU Council of Ministers (which for the time being includes Brexiting Britain), the Commission has stressed that its proposal preserves the sovereign right of member states to set their own corporate tax rates.
But the proposal includes much detailed hard law on how national tax ...
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