Taxation

Summaries of EU Legislation on Taxation.

Co-ordinating Member States' direct tax systems — 08 December 2009, 01:01 CET

The initiatives announced in this Communication aim to promote greater co-ordination of the Member States' direct tax systems in order to remove fiscal barriers and to eliminate discrimination and double taxation at a European Union (EU) level. The aim of co-ordinating the unharmonised direct tax systems of the Member States is to render them compatible with Community law and European Court of Justice case law. Two of the initiatives concern the specific areas of exit taxation and offsetting of cross-border losses for companies and groups.