Common consolidated corporate tax base in the EU

On June 19^th, 2018, the Mezeberg Declaration was signed between France and Germany, aimed at regulating migration, ensuring the competitiveness of the economy, as well as strengthening the euro area.

The most important initiative outlined in the declaration is the introduction of a Common Consolidated Corporate Tax Base in the European Union.

The purpose of introducing a unified corporate tax base is to ensure uniformity of profit tax calculation throughout Europe. Thus, the profit of any organization will be distributed across all EU countries where it operates, according to a special formula.

Germany and France have agreed to support the European Commission regarding the implementation of the directive on the establishment of a Common Corporate Tax Base.

On materials of the following website: https://www.economie.gouv.fr/files/files/PDF/2018/Tax_FR-DE-agreed-EN.pdf