Paul Grant, Accountancy Age, Friday 29 October 2010 at 09:37:00

Formal proposals for a common consolidated corporate tax base to be releasedin 2011

The EC plans to produce proposals for a common European tax base next yearfor businesses operating across member states.

The formal proposal for a common consolidated corporate tax base will beissued by the EC next year, according to European tax commissioner Algirdas?emeta, as part of a raft of measures to strengthen the single market. Concernshave been raised that the move could increase costs for businesses operating incertain countries, according

The EC denied that the move was the first step towards harmonization of taxrates across the EU.