Insurance Europe encourages the Commission to implement rules that are consistent with the base erosion and profit shifting (BEPS) recommendations of the Organisation for Economic Cooperation and Development (OECD), as these are the best way to address international tax avoidance.
In the response, Insurance Europe stressed that sufficient time should be allowed to appropriately design the features of the various proposals that make up the common consolidated corporate tax base (CCCTB), to ensure that they are consistent with the main OECD BEPS recommendations.
Insurance Europe also emphasised the need for the introduction of a “one-stop-shop”, which will allow companies to have only one tax authority as a contact and to file a single tax return for the whole of their activity in the EU.
This will considerably reduce administrative costs both for taxpayers and tax authorities.
Full response
© InsuranceEurope
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article