Tax

It’s a ‘non, merci’ from us to the EU’s latest corporation tax proposal

There is potential for legal conflict as larger countries are set to benefit from the redistribution of revenues across the bloc at the expense of smaller ones

The EU Commission describes BEFIT is as a ‘one stop shop’

I’ve written previously in these pages of the EU’s proposed directive, called Business in Europe: Framework for Income Taxation (BEFIT), which would introduce a common framework for corporate taxation.

I’ve called this CCCTB2.0, in that the previous common consolidated corporate tax base was intent on every EU country having the same tax law for companies. Ireland constructively engaged with that initiative but we weren’t a fan. It was withdrawn in the end, but now we ...