TAX HARMONISATION
October 1st, 2001
BY ALAN OSBORNTHE EUROPEAN Commission is preparing a potentially groundbreaking initiative to overcome the problems created by the existence of 15 different tax systems throughout the European Union, which could involve setting a harmonised EU corporation tax. In a report due to be released shortly, obtained by Accountancy Age, the Commission says differing tax national systems have caused losses in economic efficiency, generated compliance costs and contributed to a lack of transparency.As the EU develops, "the pattern of international investment is likely to be ...
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