Commerce committee wants EU to ditch corporate tax reform

16-3-2017 Business Mail BusinessMail Warmer

Commerce committee wants EU to ditch corporate...

By Stelios Orphanides

The parliamentary committee for energy, commerce, industry and tourism said that it objects to the European Commission proposals for a corporate tax reform in the European Union.

The parliamentary committee which prepared an opinion on two proposed directives, tabled by the EU Commission in October last year, to introduce a common corporate tax base (CCTB) and a common consolidated corporate tax base (CCCTB), after it consulted stakeholders, including the executive branch earlier this year, asks “EU institutions to take into account” Cyprus’s concerns related to the...

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