Taxation

ICC outlines conditions for effective common corporate European tax base

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ICC, in a policy statement prepared by its Commission on Taxation, has outlined the conditions under which a European Common Consolidated Corporate Tax Base could create a more efficient tax system for companies operating in Europe, in anticipation of the European Commission’s intention to present a legislative proposal on this subject during 2008.

Business opposes airline ticket tax

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The International Chamber of Commerce today condemned proposals for a tax on airline tickets to raise funds for development aid and said there are better ways for business and government to help lift people out of poverty.

ICC concerned about taxation on transactions within business groups

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Intra group financing is an important part of the efficient use of the financial resources of an enterprise. Several governments have, however, recently shown a more aggressive attitude with regard to the taxation of interest payments within business groups with a focus on cross-border payments.

EU taxman causes VAT headaches outside Europe

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As the European Union this week started imposing value-added tax on electronic products and services supplied by non-EU firms, many small companies outside Europe fear that the levy will compromise their ability to serve EU consumers.

End double taxation of stock options says business

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Executives required to work abroad may face double or even triple taxation on stock options that are part of their remuneration package - and business is pressing governments to end these anomalies among tax regimes.

World business group hits taxes on airlines and users

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The International Chamber of Commerce today criticized governments for imposing hundreds of new taxes on airlines and users and said these charges had a distorting effect on world commerce and travel.