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...