Tax Harmonization


EU Anti-Avoidance Moves Concentrate US Minds

It would be somewhat remiss not to mention the latest battery of anti-corporate tax avoidance proposals from the European Commission, especially as they represent probably the most serious attempt by Brussels so far to harmonize corporate tax in the EU. Indeed, even the most europhile member states in the heart of “old Europe” (France, Germany, Benelux et al) must have been taken by surprise by the ferocity of the Commission’s recent attacks on member states’ tax regimes. But, rather than do the predictable thing of chastening Brussels for its latest power grab over the tax sovereignty of European nations, it is possible look at this from a different angle. If there’s one good thing to come out of the EU’s aggressive stance on tax avoidance, it’s that minds are beginning to focus on tax reform on the other side of … Read More »


The Tax Commissioner Doth Protest Too Much, Methinks

Posted on September 22nd, by Global Tax Weekly in Corporation Tax, Tax Harmonization. No Comments

To paraphrase Queen Gertrude in Hamlet, the longer and more vehemently a person denies something, the more the listener is inclined to disbelieve them, and methinks that the Tax Commissioner doth protest too much in his insistence that Brussels is not out to harmonize EU corporate tax. Of course, I don’t just mean current incumbent Pierre Moscovici – he’s only been in the job five minutes. A succession of Tax Commissioners, stretching back through the terms of Algirdas Semeta and Laszlo Kovacs, were frequently heard denying that tax harmonization was the Commission’s goal. However, the denials are beginning to look more and more disingenuous in the wake of the revamped CCCTB proposal, which will be mandatory if the Commission gets its way, and the recent agreement by six key EU institutions for greater harmony of fiscal policy and more EU … Read More »





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