EU's New Tax Reform to Simplify Corporate Taxes and Boost Business
The European Commission is working on a new plan to simplify corporate taxes in EU countries. They want to create a common set of rules for how companies are taxed, called the Common Consolidated Corporate Tax Base (CCCTB). This plan will be done in two phases and aims to make it easier for businesses to operate in the EU. By using official data, they hope to find a solution to the challenges of international tax rules.