Double taxation hampers the single European market

An excessive tax burden due to ongoing double taxation for companies and citizens engaging in cross-border activities constitutes a serious obstacle for the internal European market. The EU Commission wants to eliminate this obstacle in order to further ease investments and business activity in the EU. In this regard Algirdas Šemeta, EU Commissioner for Taxation and Customs Union, stated: "We have to send a signal to all citizens, companies and trade partners: there is no double taxation in the EU."

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German-French tax harmonization should not disadvantage companies

Germany and France are planning a shared corporation tax, including a harmonized basis for assessment and tax rates. The results of a proposal, which is to be developed jointly, should be implemented from 2013. In any case, this is what what decided by German Federal Chancellor Dr. Angela Merkel and the French President Nicolas Sarkozy at their summit meeting in August 2011.

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