| Author (Corporate) | European Commission: Press and Communication Service |
|---|---|
| Series Title | Press Release |
| Series Details | IP/01/1468 (23.10.01) |
| Publication Date | 23/10/2001 |
| Content Type | News |
|
The European Commission presented a strategy for company taxation in the EU on 23 October 2001. The Commission believes that company taxation systems in the EU have failed to keep up with developments such as globalisation, economic integration in the Internal Market and Economic and Monetary Union. The Commission has identified a number of tax obstacles to cross-border economic activity in the Internal Market where Community action is necessary and proposes a two-track strategy to remove them. The Commission plans a number of targeted measures on such issues as the extension of the Directives on dividends and mergers, cross border loss relief, transfer pricing, and double taxation conventions. At the same time, the Commission believes that companies must in the longer term be allowed a consolidated corporate tax base for their EU wide activities to avoid the current costly inefficiencies of fifteen separate sets of tax rules. |
|
| Source Link | http://europa.eu/rapid/pressReleasesAction.do?reference=IP/01/1468&format=HTML&rapid=0&language=EN&guiLanguage=en |
| Related Links |
|
| Subject Categories | Taxation |
| Countries / Regions | Europe |
