The European Commission has pulled out an old tax plan from 2011. The plans provides a European tax system for companies, which should stop the tax evasion of multinationals. EU commissioner Vladis Dombrovskis says a new version of the plan will be presented on the 17th of June.
The so called Common Consolidated Corporate Tax Base (CCCTB) was presented for the first time in 2011. Tax tariffs for companies vary from 12.5 percent in Ireland to 30% in Germany and France. The plan is intended to offer multinationals the opportunity to pay company tax in one go for activities in the EU. The tax collected would then be divided fairly out over the member states where the company is located.