Statement of UFE and CESI on BEFIT (Business in Europe: Framework for Income Taxation)
Jan 25 2023 by
The European Commission has prepared a proposal for a directive for an EU-wide common corporate tax system (BEFIT – “Business in Europe: Framework for Income Taxation”).
It expects this to promote the competitiveness of the internal market, but also to reduce compliance costs for companies. The Commission proposal should also lead to a reduction of the administrative burden for the tax authorities of the Member States.
UFE and CESI gave a joint statement to the European Commissions consultation on Business in Europe.