On Tuesday 18 May, the European Commission will unveil its long-awaited Communication on 21st Century corporate taxation (see EUROPE B12672A22), which was originally scheduled for publication in the autumn.
According to the draft text, as seen by EUROPE, the main announcement should be that the Commission intends to withdraw its proposal for a Common Consolidated Corporate Tax Base (CCCTB) - which was blocked in the EU Council - and to replace it with a brand new proposal called BEFIT...