Executive summaryOn 18 May 2021, the European Commission (the Commission) published the anticipated Communication on Business Taxation for the 21st Century (the Communication). The Communication, the release of which has been a moving target since its announcement in January 2020, sets out the Commission’s short-term and long-term vision to provide a fair and sustainable European Union (EU) business tax system and support the recovery. A roadmap for the design of the Communication was open for consultation in March and the feedback received can be accessed here.Among the corporate tax reforms proposed in the Communication, the Commission announced its plan to propose in 2023...