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European Parliament: Companies to pay taxes where they earn profits

Jaclyn Jaeger | March 13, 2018

New EU rules would put an end to companies’ ability to use loopholes to avoid paying taxes— for example by shifting profits to EU countries with lower taxes.

On 14 March, MEPs will discuss plans to establish a “common consolidated corporate tax base” (CCCTB), which is a common set of rules that companies operating in the EU could use to calculate their taxable profits instead of having to follow different rules for each EU country they are located in. They will talk about two pieces of legislation that will make it harder for companies to shift profits to those EU countries where corporate taxes are lower.

French EPP member Alain Lamassoure, who wrote the report on the common consolidated corporate tax base, welcomed a recent...

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