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The French and German governments are due to present a report on corporate tax convergence as they throw their weight behind proposals to harmonize aspects of corporate taxation in the European Union.
The topic of EU fiscal convergence was high on the agenda at the recent bilateral summit between the French and German Governments in Paris, which was attended by French President Emmanuel Macron and German Chancellor Angela Merkel.
According to German newspaper Handelsblatt, an preliminary report on corporate tax base convergence is to be presented jointly by each country's finance ministry in September this year, to be followed by a final report, likely in December.
France and Germany have talked numerous times about harmonizing their corporate tax systems as a means to push for deeper fiscal integration in the European Union.
Both countries are firm supporters of a two-step plan presented by the European Commission last year for a common corporate tax base, which would later feature tax consolidation.
In May 2017, EU Vice-President Valdis Dombrovskis said there is a broad consensus among European finance ministers on the principle of greater tax harmonization, and that talks will continue on the proposed common corporate tax base.
However, numerous member states are known to oppose the plans, which presumably would need to be unanimously approved before being introduced.
The topic of EU fiscal convergence was high on the agenda at the recent bilateral summit between the French and German Governments in Paris, which was attended by French President Emmanuel Macron and German Chancellor Angela Merkel.
According to German newspaper Handelsblatt, an preliminary report on corporate tax base convergence is to be presented jointly by each country's finance ministry in September this year, to be followed by a final report, likely in December.
France and Germany have talked numerous times about harmonizing their corporate tax systems as a means to push for deeper fiscal integration in the European Union.
Both countries are firm supporters of a two-step plan presented by the European Commission last year for a common corporate tax base, which would later feature tax consolidation.
In May 2017, EU Vice-President Valdis Dombrovskis said there is a broad consensus among European finance ministers on the principle of greater tax harmonization, and that talks will continue on the proposed common corporate tax base.
However, numerous member states are known to oppose the plans, which presumably would need to be unanimously approved before being introduced.