The European Commission will present "as soon as possible" (but probably not until summer 2016) a new legislative proposal to phase in a common consolidated corporate tax base (CCCTB) in the EU.
The "relaunch" of the CCCTB, dead-ended since 2011, constitutes the star measure of the
action plan
, to be unveiled on 17 June, meant to make the European business taxation system "fairer". Its underlying principle is that multinationals, masters in the art of aggressive tax planning, often with…
Thirty tax havens in Commission's sights
The Commission will announce, on 17 June, the launch of a public consultation on the advisability of requiring multinationals to disclose certain financial information on their activities on a country-by-country basis. Several options are under consideration and a legislative proposal could follow in late 2015. In parallel, it will publish a list of 30 non-EU countries that the 28 consider the least cooperative on aggressive tax planning by corporations. Europolitics has learned that Liechtenstein and the Channel island of Guernsey will probably be on the list, but not Switzerland.Initially, the aim will be to convince them to apply standards of "good governance in tax matters". If they refuse, the Commission announces that it is determined to "coordinate possible counter-measures".
