European Commission proposes new business tax framework

The plan sets out both a long-term and short-term vision to support Europe's recovery from the COVID-19 pandemic.

The European Commission (EC) has released a Communication on Business Taxation for the 21st century that is intended to promote “a robust, efficient and fair business tax system in the European Union.” The plan sets out both a long-term and short-term vision to support Europe's recovery from the coronavirus (COVID-19) pandemic; is intended to provide adequate public revenues over the coming years; and aims to create an equitable and stable business environment. As noted in an EC release, th...

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Published Date: 19 May 2021