Press release

en | fr | de

Corporate Taxation

We must end race to the bottom on tax competition

MEPs will today debate the European Commission’s new proposal for a Common Consolidated Corporate Tax Base (CCCTB).

Commenting ahead of the debate, Green economic and finance spokesperson Molly Scott Cato said:

“The way we currently tax companies, treating subsidiaries from the same company as if they are completely independent entities, does not reflect the reality of their operations. Implementing a common and consolidated corporate tax base would be a crucial step towards ending tax avoidance by global corporations in Europe. However, this approach would be much more effective if it was combined with a minimum corporate tax rate across Europe, bringing an end to the race to the bottom on rates.

“It is deeply regrettable that while the EU is finally moving forward on a common approach to corporate tax, the UK government seems to be more interested in how it can become the world's premier tax haven.”

Contact person

Phone Brussels
Phone Strasbourg

Please share