The European Commission has published a summary report on the public consultation on Business in Europe: Framework for Income Taxation – BEFIT.
Major respondents agreed or strongly agreed that the current situation with 27 different national corporate tax systems gives rise to problems in the Single Market.
Regarding the scope of BEFIT, and the necessity for the EU action to include a threshold and the possibility to opt in for those not in scope, a majority of the survey respondents considered it as very effective to have a threshold for mandatory application with a possibility for groups/companies (including SMEs) below the threshold to opt in.
Most of the survey’s respondent believe that for calculating the tax base, making limited adjustments to a company’s financial accounts is effective compared to the possibility of putting a comprehensive set of corporate tax rules in place.
The full summary report can be found on below link:
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