The European Commission has laid out the foundation for what it sees as a fairer and more transparent approach to taxation in EU. The Commission stated that companies should be taxed where their profit-generating activities are performed, with aggressive tax planning prevented. A ‘tax transparency package’ of proposals will be put forward in March 2015.
Pierre Moscovici, the EC’s commissioner for economic and financial affairs, taxation and customs, said: ‘Abusive tax practices and harmful tax regimes breed in the shadows; transparency and co-operation are their natural foes. It is time for a new era of openness between tax administrations, a new age of solidarity between governments to ensure fair taxation for all. The Commission is fully committed to securing the highest level of tax transparency in Europe.’
The European Commission has laid out the foundation for what it sees as a fairer and more transparent approach to taxation in EU. The Commission stated that companies should be taxed where their profit-generating activities are performed, with aggressive tax planning prevented. A ‘tax transparency package’ of proposals will be put forward in March 2015.
Pierre Moscovici, the EC’s commissioner for economic and financial affairs, taxation and customs, said: ‘Abusive tax practices and harmful tax regimes breed in the shadows; transparency and co-operation are their natural foes. It is time for a new era of openness between tax administrations, a new age of solidarity between governments to ensure fair taxation for all. The Commission is fully committed to securing the highest level of tax transparency in Europe.’
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