MEPs Back New EU‑wide ‘28th Regime’ Businesses Plan — but Fear a ‘European Delaware’
4 Articles
4 Articles
MEPs back new EU‑wide ‘28th regime’ businesses plan — but fear a ‘European Delaware’
EU lawmakers gave a cautious green light to new plans to set up an EU-wide corporate framework that would allow small firms to operate across the bloc. In a vote in the European Parliament on Thursday (9 July), MEPs backed plans to include a consolidated corporate tax base, standardised tax returns and simplified value added tax procedures as part of a so-called ‘EU Inc.’ The proposal – tabled by the EU Commission in March and also referred to a…
Although the Union has a single market, companies that want to expand into other countries are overwhelmed by a mountain of bureaucracy. The “EU Inc.” proposal aims to simplify business through a common legal and tax framework.
The European Parliament supported the report by Ľudovít Ódor on the EU Inc. regime. A unified tax framework is being prepared to make it easier for companies to do business across the EU.
On Thursday in Strasbourg, MEPs supported an own-initiative report drafted by Slovak MEP Ľudovít Ódor (PS) containing proposals that, within the framework of the so-called 28th regime, also include a consolidated corporate income tax base, standardized tax returns and...
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