The European Commission proposes a new bill concerning Corporate Income Tax, which is designed to ensure more stable profits, improvement of the unified market for businesses and prevention of tax evasion. One of the most important features is reimposition of common consolidated tax base, which represents a more complex solution of the Corporate Income Tax reform.
Also, effective taxation is to be guaranteed so that companies would pay due tax share in countries in which they make their profits. Furthermore, the European Commission aims to promote business transparency; so as to achieve such a goal, an EU-wide list of third countries and territories, which have been blacklisted by EU members, has been issued.
