Corporate Tax And E-commerce In European Union

Upon incorporation, companies are taxed on their world-wide income. However, for the purpose of levying corporate tax, it is very important to determine the nature of income. For example, as a rule, E-vendors must register and pay corporate tax on profits on sales in the jurisdiction of their place of business. A commission in the European Union has taken the initiative to promulgate one set of common rules regarding corporate taxation for the member states in order to provide uniformity for European businesses.

The following questions have been addressed in this article:

What is the importance of knowing the nature of income for taxation purposes?
What is the objective of Common Consolidated Corporate Tax Base Working Group?

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