Today the Commission presented an Action Plan to fundamentally reform corporate taxation in the EU. It sets out a series of initiatives to tackle tax avoidance, secure sustainable revenues and strengthen the Single Market for businesses, in order to make the corporate tax environment in the EU fairer, more efficient and more growth-friendly. Key actions include a strategy to re-launch the Common Consolidated Corporate Tax Base (CCCTB) and a framework to ensure effective taxation where profits are generated. The Commission is also publishing a first pan-EU list of third-country non-cooperative tax jurisdictions and launching a public consultation to assess whether companies should have to publicly disclose certain tax information. Vice-President Valdis Dombrovskis, responsible for the Euro and Social Dialogue said: “Today we have set out an ambitious yet realistic plan for fairer and more growth-friendly taxation in the EU. It rests on the core principle that all companies – big or small, local or global – must pay a fair share of tax where real economic activity is taking place and where their profits are actually made.” Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: “Corporate taxation in the EU needs radical reform. In the interests of growth, competitiveness and fairness, Member States need to pull together and everyone must pay their fair share. The Commission has today laid the foundation for a new approach to corporate taxation in the EU. Member States must now build on it.” A press release is available in EN, FR and DE. The press conference can be followed live on EbS from 12:30.
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