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EU takes tentative step towards harmonising taxes

EU finance ministers have agreed to look at ways of harmonising the method of calculating company taxes in Europe despite opposition from five member states.

A working group will be established to investigate the harmonisation of corporate tax bases, it was announced on Saturday (12 September) during the ministerial meeting in Scheveningen, near the Hague.

But some believe that a harmonisation of tax bases is the first step towards harmonising the rates that companies are charge...

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