On June 17th, the European Commission presented a plan of action for a thorough reform of corporate taxation in the EU. It involves actions aimed at combatting tax evasion, securing stable income and strengthening the single market.
The most important of the planned initiatives is the Common Consolidated Corporate Tax Base and a framework for effectively taxing profit where it was generated. The efforts to increase the transparency of taxation and unify the approach to countries which are unwilling to cooperate are also not to be overlooked.
The commencement of social consultation on whether companies should be obliged to disclose some tax information is also significant. Wide-ranging social dialog on a nation and European level is of key importance for the elaboration of just mechanisms conducive to economic growth.
However, when elaborating mechanisms against tax evasion EU institutions and member states should not forget about those entrepreneurs who abide the law and contribute to the EU budget. For this reason, illegal practices in competition between companies, consisting inn taking advantage of an inconsistent approach to combatting tax evasion, should be eliminated.
Klaudia Kaniecka, Tax Committee of Employers of Poland