EU Parliament Draft Calls for Harmonized, Bloc-Wide Tax Base

The European Parliament’s tax subcommittee will debate a document calling for a singular consolidated tax base across the bloc.

Slovak representative Ľudovít Ódor said a new bill simplifying company law “must aim for a single consolidated corporate tax base for participating companies across the EU,” according a draft opinion dated March 19 but published Wednesday.

The opinion is meant to provide the parliament’s response to the European Commission’s new bill, known as EU Inc., which aims to make setting up a business in Europe easier by issuing an optional, standardized set of regulations as an alternative to 27 ...