EU corporate taxation: overhaul to include digital firms and stamp out avoidance
In a bid to prevent firms moving their tax base to low-tax jurisdictions, MEPs will vote on Thursday on a major overhaul of the EU’s corporate tax system.
The changes are set out in two complementary pieces of legislation: the Common Corporate Tax Base (CCTB) and the Common Consolidated Corporate Tax Base (CCCTB) which together aim to create a single, clear and fair corporate tax regime in Europe.
The proposals include plans to ensure that firms pay taxes where they make their profits, introduce a single set of tax rules which would apply throughout the EU and use of digital data to help calculate tax liabilities.
Debate: Wednesday, 14 March
Vote: Thursday, 15 March
Press Conference: Wednesday, 14 March (tbc)