The European Union initiative "Business in Europe: Framework for Income Taxation" (BEFIT) is a legislative proposal by the European Commission to introduce a single set of rules for determining the tax base of groups of companies. The aim is to create a common framework for corporate income taxation in the European Union, allowing companies with activities and subsidiaries in several countries to benefit from a clearer, more predictable and less bureaucratic "tax life".
For more information, please see the Romanian version of the article, here.
