Today the Commission presented an [Action Plan](http://ec.europa.eu/taxation_customs/taxation/company_tax/fairer_corporate_taxation/index_en.htm) to fundamentally reform corporate taxation in the EU. The Action Plan sets out a series of initiatives to tackle tax avoidance, secure sustainable revenues and strengthen the Single Market for businesses. Collectively, these measures will significantly improve the corporate tax environment in the EU, making it fairer, more efficient and more growth-friendly.
[Key actions](http://europa.eu/rapid/press-release_MEMO-15-5175_en.htm) include a strategy to re-launch the Common Consolidated Corporate Tax Base (CCCTB) and a framework to ensure effective taxation where profits are generated. The Commission is also publishing a first pan-EU list of third-country non-cooperative tax jurisdictions and launching a public consultation to assess whether companies should have to publicly disclose certain tax information.
Today’s Action Plan sets out a new EU approach for fair and efficient corporate taxation. This will be achieved through a series of initiatives to be taken in the short, medium and long-term. These build on the measures already set out in the [Tax Transparency Package](http://europa.eu/rapid/press-release_IP-15-4610_en.htm), which the Commission presented in March. The measures outlined in this Action Plan also echo ongoing work at the OECD to limit tax base erosion and profit shifting.
The Action Plan sets out the next steps for greater tax transparency – within the EU and vis-à-vis third countries. This builds on the measures already envisaged in the Tax Transparency Package, adopted in March. To launch a more open and uniform EU approach to non-cooperative tax jurisdictions, the Commission has published a pan-EU list of [third countries and territories blacklisted](http://ec.europa.eu/taxation_customs/taxation/gen_info/good_governance_matters/lists_of_countries/index_en.htm) by Member States. This can be used to screen non-cooperative tax jurisdictions and develop a common EU strategy to deal with them. As such, it will reinforce Member States’ collective defence system against external threats to their revenues.
Click [here](http://europa.eu/rapid/press-release_IP-15-5188_en.htm) for full release.