European Tax Reform Proposal Set to Revolutionize Corporate Taxation System
The article discusses how introducing a Common Consolidated Corporate Tax Base in Europe aims to simplify and improve the efficiency of corporate taxation. This system is designed to reduce compliance costs for businesses, promote cross-border expansion, and minimize tax-related distortions. The European Commission and various stakeholders support this initiative to harmonize tax systems across EU member states. The goal is to eliminate barriers caused by different tax systems and enhance the functioning of the single market.