In a report prepared by the European Commission in advance of last week's meeting of the EU's Code of Conduct Group on business taxation, the EC concluded that the UK Patent Box regime amounts to harmful tax competition.
What has the EC determined? Paul Rutherford, Tax Partner at DLA Piper, writes. The Code of Conduct for business taxation is intended to discourage EU Member States from introducing tax measures that constitute harmful tax competition. The Code is not legally binding but, having been adopted by Member States, carries political force. The Code sets…
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