An EU Parliament committee has endorsed a new international tax scheme for Europe, the common consolidated corporate tax base (CCCTB), which includes provisions imposing tax based on an enterprise’s digital presence in a country, the European Parliament has announced.
The Economics and Monetary Committee approved the CCCTB on February 21 by a 38 to 11 vote, with 5 abstentions. A separate vote for a Common Corporate Tax Base (CCTB) was approved with 39 votes.
Under the CCCTB proposal, companies with a “digital presence” within an EU member state may be subject to tax even if the company does not have a fixed place of business.
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