(September 10, 2015)

On September 9, 2015 Jean-Claude Juncker, the President of the European Commission, delivered his State of the Union 2015 titled “Time for Honesty, Unity and Solidarity” before the European Parliament in Strasbourg.

In the State of the Union Mr Juncker a.o. highlighted five domains where according to Mr. Juncker the European Commission will present proposals swiftly and where the European Commission is expecting progress already this autumn. The fourth domain Mr. Juncker highlighted in this respect, is the domain of taxes. In this respect Mr. Juncker stated the following:

“Fourth: we need to enhance fairness in our taxation policies. This requires greater transparency and equity, for citizens and companies. We presented an Action Plan in June, the gist of which is the following: the country where a company generates its profits must also be the country of taxation.

One step towards this goal is our work on a Common Consolidated Corporate Tax Base. This simplification will make tax avoidance more difficult.

We are also working hard with the Council to conclude an agreement on the automatic exchange of information on tax rulings by the end of the year.

At the same time, we expect our investigations into the different national schemes to yield results very soon.

And we are fighting hard to get Member States to adopt the modalities of a Financial Transaction Tax by the end of the year.

We need more Europe, we need more Union, and we need more fairness in our taxation policy.”

Click here to be forwarded to the full text of the State of the Union as available on the website of the European Commission.

Copyright – internationaltaxplaza.info

Stay informed: Subscribe to International Tax Plaza’s Newsletter!

and

Follow International Tax Plaza on Twitter (@IntTaxPlaza)