Brussels rescues the common consolidated corporate tax – Investing.com Spain

Brussels, 25 oct (.).- The European Commission (EC) today introduced a new version of their proposal to create a common consolidated corporate tax in the European Union (EU), a reform that foresees to tackle the tax engineering that allows the multinationals to minimize their contributions.

One of the main changes in the reform that takes paralyzed for five years by the reluctance of countries to cede competences in the field of taxation, is that it will be done in two steps and will be mandatory for companies that billed more than 750 million euros in the EU, according to the documents published by the european community Executive.

(More information on the European Union in euroefe.euractiv.is)

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