CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Macron Calls For EU Corporate Tax 'Corridor'

Macron Calls For EU Corporate Tax 'Corridor'

by Ulrika Lomas,, Brussels

27 September 2017

French President Emmanuel Macron addressed a range of tax issues during a recent speech setting out his vision for a reformed European Union, including harmonized business taxes.

According to an English language summary of the proposals outlined by Macron in Paris on September 26, the EU should redouble its efforts to tackle climate change and pollution with new tax measures and other pricing mechanisms.

"[Europe] needs to foster investment in this transition (transport, housing, industry, agriculture, etc.) by fixing a fair price for carbon: through a significant minimum price within its borders; and through a European carbon tax at its borders to ensure a level playing field between its producers and their competitors," reads the summary.

Macron also reiterated the need for internet-based companies to be taxed on the basis of the value they create in a certain country, rather than on profits based on where they are located for tax purposes.

"[Europe] needs to ensure equity and confidence in the digital transformation, by rethinking its tax systems (taxation of digital companies) and regulating the major platforms," the summary states.

However, Macron's proposals for greater fiscal union are likely to be the most controversial, as they entail the harmonization of corporate tax rates, with member states permitted to set rates between an upper and lower threshold.

"We need to encourage convergence across the whole EU, setting criteria that gradually bring our social and tax models closer together," the summary states.

"Where tax is concerned, we need to define a 'corridor' for corporation tax rates," it adds.

Macron suggested that member states refusing to agree to corporate tax harmonization would have their access to EU solidarity funds cut off.

TAGS: tax | investment | business | corporation tax | internet | tax rates | carbon tax | France | European Union (EU) | Europe

To see today's news, click here.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »