The European Commission’s new proposals to simplify tax rules for businesses, presented on Tuesday 12 September, have met with varying degrees of enthusiasm.
The proposals come in the form of three directives: - the ‘BEFIT’ initiative, which should simplify tax compliance (see EUROPE B13248A20); - a common approach to transfer pricing; - a directive to simplify the taxation of small and medium-sized enterprises (SMEs) (see EUROPE B13248A21).
In a press release published the same day,...