For many years, the European Union (EU) has been trying to make a single business tax base. The European Commission's recent 'Business in Europe: Framework for Income Taxation' (BEFIT) proposal and two related proposals on transfer pricing are the next steps in its legislative efforts to make the CCTB (common corporate tax base) and CCCTB (common consolidated corporate tax base) proposals law.
In the European Union (EU), taxes dominate the tobacco market. According to the EU Tobacco duty Directive, Member States must collect a minimum excise duty on cigarettes and other tobacco products. Cigarette taxes in the EU include both a fixed euro amount per pack of cigarettes and an ad valorem tax (an additional percentage of the retail selling price).
For many years, the European Union (EU) has been trying to make a single business tax base. The European Commission's recent 'Business in Europe: Framework for Income Taxation' (BEFIT) proposal and two related proposals on transfer pricing are the next steps in its legislative efforts to make the CCTB (common corporate tax base) and CCCTB (common consolidated corporate tax base) proposals law.
