MPs oppose EU’s plan to harmonise corporate tax rules

MPs are unhappy at EU plans to harmonise the way corporate taxes are calculated throughout the 27-country Block, news agency ANP reports.

MPs are now planning to look into whether the proposal conflicts with EU commitments to subsidiarity – which states rules should not be established across the EU as a whole if issues can be better regulated on a country by country basis, ANP says, without quoting sources.
The European Commission wants to bring in harmonised rules for companies which work in different EU countries.
This would save billions of euros in administrative red tape, the Commission says. Individual countries would still be free to set the taxation level, but the ground rules would be the same.
A spokesman for the Dutch government in Brussels told ANP that Ireland, Austria and Denmark are also concerned about the plan. If one-third of the EU’s national parliaments raise objections – a so-called yellow card – the Commission has to rethink its plans.

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