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 Tuesday 02 December 2008
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New tax chief won't act on EU corprate tax rates

Laszlo Kovacs, nominated to be the new European Union Taxation Commissioner, said on Tuesday he does not plan to propose legislation to harmonise corporate tax rates in the 25-nation bloc.



"For the time being I don't see any community action on corporate tax rates. This should be let to the decision of each member state," Kovacs told a confirmation hearing in the European Parliament.

Kovacs, a former Hungarian foreign minister, failed to win approval at a previous hearing as energy commissioner, prompting Commission President Jose Manuel Durao Barroso to move him to a different portfolio when he dropped Italy's controversial nominee Rocco Buttiglione and Latvia's Ingrida Udre.

Source: Reuters




16.11.2004

 
 

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