The European Commission launched proposals for business taxation policy in the European Union, in the communication “Business Taxation for the 21st Century”.
The communications includes:
- Plans for a digital levy
- Plans to introduce directives to ensure EU Member States implement laws to reflect the outcomes of the OECD’s Pillar 1 and Pillar 2 proposals
- Proposals to relaunch the CCCTB as Business Economy: Framework for Income Tax (BEFIT).
- The introduction of mandatory publication of effective tax rates paid by large companies.
- Rules to counter the misuse of shell entities for tax purposes.
- Recommendations on the domestic treatment of losses.
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