7 Countries Object To EU's Proposed Corporate Tax Base

Law360, New York (January 10, 2017, 7:28 PM EST) -- Six European Union countries as well as the U.K. are opposing the European Commission’s proposal to reduce tax avoidance by using a single formula to calculate taxable corporate profits across the bloc, Irish MEP Brian Hayes said Monday.

Hayes said in a statement that six EU parliaments filed formal objections with the commission stating that its so-called Common Consolidated Corporate Tax Base does not meet the principle of subsidiarity — the notion that certain laws should be dealt with at the local level and not be...
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