According to an AFX Press report published at the weekend, the European Commission is set to launch a new campaign, spearheaded by Internal Markets Commissioner, Frits Bolkestein, for the harmonisation of corporate taxes across the EU.
The report suggested that the EC plans to unveil the proposals, which it will argue will improve the situation of multinational businesses by allowing them to calculate their taxable profits for all EU operations according to a a common set of rules, at a meeting next Tuesday (November 25).
However, such a plan is likely to be strongly resisted by member states such as the United Kingdom and Ireland, which have traditionally been opposed to any form of tax harmonisation.
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