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EU Parliament Committee Approves Plan for Common Consolidated Corporate Tax Base

23 February 2018

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Proposed Changes

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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. --- 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 under new proposals for a harmonised corporate tax system which also considers their online activities to calculate their tax. The planned "Common Consolidated...