What if the EU were to implement a base tax rate on corporate taxes and countries could then add their own smaller tax rates?
There would still be individual tax rates but the difference would be much smaller.
It already has a similar concept in private taxes where the state takes a certain cut from everybody but different regions can have differing tax-shares. And the money collected could help finance parts of member-states contributions to EU.
Tax secrecy only helps those who aren’t paying their fair share.
Cyprus has fully adopted all EU directives and does not impose any minimum holding period, percentage shareholding, or other restrictions used by most member states, but it offers a variety of tax benefits for EU residents. At the same time, it is not an offshore tax haven, as the Cypriot tax system and legislation are in full compliance with both EU and OECD laws. Here is a detailed manual explaining taxation of your LLC: [Taxation of Your Cyprus Limited](https://www.cypruslimited.com/blog/taxation/cyprus-limited-taxes)
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What if the EU were to implement a base tax rate on corporate taxes and countries could then add their own smaller tax rates?
There would still be individual tax rates but the difference would be much smaller.
It already has a similar concept in private taxes where the state takes a certain cut from everybody but different regions can have differing tax-shares. And the money collected could help finance parts of member-states contributions to EU.
Tax secrecy only helps those who aren’t paying their fair share.
Cyprus has fully adopted all EU directives and does not impose any minimum holding period, percentage shareholding, or other restrictions used by most member states, but it offers a variety of tax benefits for EU residents. At the same time, it is not an offshore tax haven, as the Cypriot tax system and legislation are in full compliance with both EU and OECD laws. Here is a detailed manual explaining taxation of your LLC: [Taxation of Your Cyprus Limited](https://www.cypruslimited.com/blog/taxation/cyprus-limited-taxes)