The European Commission has published its ambitious anti-tax avoidance package. Heather Corben (King & Wood Mallesons) reviews the proposals.
What is the Commission’s approach?
The Commission has stated that it has published this package as the next step in clamping down on corporate tax avoidance and ensuring fair taxation in the EU. It sees its approach as resting on what it describes as ‘three key pillars’:
first effective taxation (so that all companies pay taxes where they make their profits);
second tax transparency (so that member states have the information needed to ensure fair taxation); and
third addressing the risk of double taxation (so that companies which pay their ‘fair share’ of taxes are not penalised for making use of the EU’s internal market).
What...
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The European Commission has published its ambitious anti-tax avoidance package. Heather Corben (King & Wood Mallesons) reviews the proposals.
What is the Commission’s approach?
The Commission has stated that it has published this package as the next step in clamping down on corporate tax avoidance and ensuring fair taxation in the EU. It sees its approach as resting on what it describes as ‘three key pillars’:
first effective taxation (so that all companies pay taxes where they make their profits);
second tax transparency (so that member states have the information needed to ensure fair taxation); and
third addressing the risk of double taxation (so that companies which pay their ‘fair share’ of taxes are not penalised for making use of the EU’s internal market).
What...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
