The EU Commission is asked to table measures to improve corporate tax transparency, coordination and EU-wide policy convergence in legislative recommendations voted by the Economic and Monetary Affairs Committee.
These recommendations build on the work of Parliament’s Special Committee on Tax Rulings, set up in the wake of the “Luxleaks” revelations, whose recommendations were approved at the 26 November plenary session.
Recommendations
The Economic and Monetary Affairs Committee asks the Commission, inter alia, to:
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table a proposal for country-by-country reporting on profit, tax and subsidies by June 2016
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table a proposal for introducing a "Fair Tax Payer" label,
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introduce a Common Tax Base (CCTB) as a first step, which later on should be consolidated as well (CCCTB),
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table a proposal for a common European Tax Identification Number,
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table a proposal for legal protection of whistle-blowers,
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improve cross-border taxation dispute resolution mechanisms,
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table a proposal for a new mechanism whereby member states should inform each other if they intend to introduce a new allowance, relief, exception, incentive, etc. that may affect the tax base of others,
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estimate the corporate tax gap (corporate taxes owed minus what has been paid),
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strengthen the mandate and improve transparency of the Council Code of Conduct Working Group on Business Taxation,
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provide guidelines regarding “patent boxes” so as to ensure they are not harmful,
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come up with common definitions for "permanent establishment" and "economic substance" so as to ensure that profits are taxed where value is generated,
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come up with an EU definition of "tax haven" and counter-measures for those who use them, and
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improve the transfer pricing framework in the EU
© European Parliament
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