The European Commission is pursuing a comprehensive agenda of tax reforms, to make corporate taxation in Europe fairer, more effective and more growth friendly. The first step is to boost tax transparency as the bedrock for further reforms, which started with the launch of the Tax Transparency Package in 2015. The EC has gone further since, with proposals for public country by country reporting and further plans to secure greater transparency on beneficial ownership and better oversight of the facilitators and enablers of tax avoidance. The second leg of the EC’s fair tax campaign is to pursue effective corporate taxation; in other words, to ensure that companies are taxed where they make their profits. Initiatives here include: the new Anti-Tax Avoidance Directive, to ensure consistent application of BEPS among member states; the EC’s External Strategy for Effective Taxation, to address external risks; and, plans to publish a common list of non-cooperative jurisdictions in 2017, to tackle those countries which refuse to play fair. EU state aid work is also making a vital contribution to fair and effective taxation throughout Europe. Our anti-avoidance initiatives are as much about creating a growth friendly single market, as they are about delivering fairness for taxation. The overarching aim is to deliver a clear, coordinated and stable EU approach to corporate taxation, which is far preferable than a mix of different national policies. Key to this is the development of common consolidated corporate tax base (CCCTB), which the Commission will relaunch in the coming weeks. The CCCTB offers a change to fundamentally overhaul corporate taxation in Europe, whilst also respecting national sovereignty. The EC will pay attention to new trends and challenges as they emerge; and believes that closer coordination remains the only path to effective solutions on corporate tax matters.
The European Commission is pursuing a comprehensive agenda of tax reforms, to make corporate taxation in Europe fairer, more effective and more growth friendly. The first step is to boost tax transparency as the bedrock for further reforms, which started with the launch of the Tax Transparency Package in 2015. The EC has gone further since, with proposals for public country by country reporting and further plans to secure greater transparency on beneficial ownership and better oversight of the facilitators and enablers of tax avoidance. The second leg of the EC’s fair tax campaign is to pursue effective corporate taxation; in other words, to ensure that companies are taxed where they make their profits. Initiatives here include: the new Anti-Tax Avoidance Directive, to ensure consistent application of BEPS among member states; the EC’s External Strategy for Effective Taxation, to address external risks; and, plans to publish a common list of non-cooperative jurisdictions in 2017, to tackle those countries which refuse to play fair. EU state aid work is also making a vital contribution to fair and effective taxation throughout Europe. Our anti-avoidance initiatives are as much about creating a growth friendly single market, as they are about delivering fairness for taxation. The overarching aim is to deliver a clear, coordinated and stable EU approach to corporate taxation, which is far preferable than a mix of different national policies. Key to this is the development of common consolidated corporate tax base (CCCTB), which the Commission will relaunch in the coming weeks. The CCCTB offers a change to fundamentally overhaul corporate taxation in Europe, whilst also respecting national sovereignty. The EC will pay attention to new trends and challenges as they emerge; and believes that closer coordination remains the only path to effective solutions on corporate tax matters.