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EU Parliament Committee Approves Plan for Common Consolidated Corporate Tax Base

|Proposed Changes|European Union
European Union

On 21 February 2018, the EU Parliament's Economics and Monetary Committee approved plans for the Common Consolidated Corporate Tax Base, including rules for a digital presence.

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New EU corporate tax plan, embracing "digital presence", approved in committee

  • Plan to create a single, clear and fair EU corporate tax regime
  • Benchmarks to determine firm's "digital presence" and tax liabilities
  • Use of personal data part of tax bill formula

Firms would be taxed where they earn their profits…

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