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European business backs the commission's plan for one EU tax base (Photo: European Commission)

Brussels to circumvent national veto in company tax law

The European Commission is set to use for the first time the "enhanced cooperation" method, allowing it to circumvent the veto of five states that oppose a controversial law harmonising company tax rules.

EU tax commissioner Laszlo Kovacs announced on Wednesday (26 October) that the Barroso commission will step up efforts to set up a law harmonising corporate tax bases, setting 2008 as a target date for the legislation.

Tax bases refer to rules on what share of businesses' profit...

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European business backs the commission's plan for one EU tax base (Photo: European Commission)

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