Today, the European Commission presented an Action Plan that “aims to establish a fairer and more efficient corporate tax system in the EU.”  Key actions under the plan include re-launching the Common Consolidated Corporate Tax Base, ensuring fair taxation where profits are generated, creating a better business environment, increasing transparency, and improving EU coordination.  A fact sheet on the Action Plan can be accessed here.

As part of its efforts to combat corporate tax avoidance, the European Commission also announced today that it is launching a public consultation on corporate tax transparency in the EU.  According to a press release, the consultation “aims to find out whether requiring companies to disclose more information about the taxes they pay could help tackle tax avoidance and aggressive tax practices in the EU.”