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The European Commission (EC) has unveiled its agenda to combat avoidance and aggressive tax planning, with a package of measure to increase tax transparency to be announced next month.
A key objective of the agenda is to ensure that companies are taxed where their economic activities generating the profits are performed, commissioners agreed at the first orientation debate on possible actions to ensure a more transparent approach to taxation in the European Union (EU).
The European Commission (EC) has unveiled its agenda to combat avoidance and aggressive tax planning, with a package of measure to increase tax transparency to be announced next month.
A key objective of the agenda is to ensure that companies are taxed where their economic activities generating the profits are performed, commissioners agreed at the first orientation debate on possible actions to ensure a more transparent approach to taxation in the European Union (EU).
There is strong consensus that a particular focus must be on improving transparency in corporate taxation, to which end the EC will next month propose legislation to extend the automatic exchange of information on tax rulings.
Member states currently share very little information about rulings concerning their corporate tax regimes, which are often extremely complex, making it difficult for tax authorities to assess where a company’s real economic activity takes place, and to apply tax rules on that basis.
