TAX POLICY CRITICISM
June 1st, 2003
BY KEITH NUTHALLPROPOSALS from the European Commission to exploit the oncoming imposition of International Accounting Standards (IAS) on all multi-nationals operating in the European Union (EU) to simplify tax returns have been attacked by the International Chamber of Commerce (ICC).In a critical policy analysis, the global business body has claimed that Brussels' "ideas about linking accounting and taxation rules would be almost unworkable." March's Commission consultation paper on removing tax obstacles hindering trade within the EU suggested that ...
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