French/German approximation of corporation tax - green paper published

EU direct tax group newsflashes ()

On August 16, 2011, German chancellor Angela Merkel and French president Nicolas Sarkozy declared their intention to have proposals drawn up for a possible approximation of the corporation taxes in their respective countries. On February 6, 2012, a green paper on possible areas of convergence was published which strives to show the direction for more tax convergence in the EU and to support the European Commission initiative for a CCCTB-Directive.