At a College of Commissioners debate recently the EU Commission has reiterated its continued fight against tax avoidance and aggressive tax planning. The Commissions key objective is a fair and transparent tax system within the EU.

One of the issues agreed upon was the fact that companies should be taxed where their economic activities generating the profits are performed and such companies cannot avoid paying their fair share through aggressive tax planning.

With a clear focus on improving tax transparency in corporate taxation, next month will see the Commission propose legislation to extend automatic exchange of information on tax rulings.

The Commission will present a second package of measures dealing with fair and efficient corporation tax this summer.

For more information please see the following press release.