Competition policy tax

What is a tax ruling in Cyprus?
When a Tax Ruling is requested: Tax Rulings are requested when the tax treatment of a specific transaction and/or source of income is not clear.
A Tax Ruling is requested when tax professionals have a specific view or request specific guidance as to the treatment and interpretation of the Cyprus tax law..
What is the aim of EU competition law?
The main objective of the EU competition rules is to enable the proper functioning of the EU's internal market as a key driver for the well-being of EU citizens, businesses and society as a whole..
What is the EU Code of Conduct group?
The Code of Conduct Group
It is composed of high-level representatives of the member states and the European Commission.
It is chaired by a representative of a member state, serving a mandate of two years, and assisted by the General Secretariat of the Council (GSC)..
According to the Cato Institute, 'Tax competition exists when taxpayers have the ability to reduce their fiscal burdens by moving themselves, their businesses, and/or their money from high‐tax jurisdictions to low‐tax jurisdictions. '
The Code of Conduct Group
It is composed of high-level representatives of the member states and the European Commission.
It is chaired by a representative of a member state, serving a mandate of two years, and assisted by the General Secretariat of the Council (GSC).

Feb 11, 2014It underpins the social contract, and it is a powerful instrument to reduce inequality and create opportunities for all citizens and companies

Tax policies need to go with the grain of competition in ensuring that it is the most efficient firms, producing the goods and services demanded by the market, which thrive; and at the same time support the redeployment of resources into firms and industries where the reward they can earn is higher.

The list of final decisions adopted since 2014 concerning tax planning practices and the list of formal ongoing investigations is presented below.

How can tax policy and administration contribute to a competitive economy?

Tax policy and administration can contribute to a competitive economy in a number of ways under this pillar, including:

Another important institutional factor for a country’s competitiveness is corporate governance:

having businesses that are run honestly and follow strong ethical practices in their dealings with government on tax matters.

What is a competitive tax code?

A competitive tax code is one that keeps marginal tax rates low.
In today’s globalized world, capital is highly mobile.
Businesses can choose to invest in any number of countries throughout the world to find the highest rate of return.

What is international tax 'competitiveness'?

Section C accordingly explores notions of ‘international tax competitiveness’ and how they interact with other desiderata for tax regimes:

raising sufficient revenues

fairness

economic efficiency

etc.
Section D discusses further some of the problems of measuring international tax ‘competitiveness’.

Why do tax policies need to go with the grain of competition?

Tax policies need to go with the grain of competition in ensuring that it is the most efficient firms, producing the goods and services demanded by the market, which thrive; and at the same time support the redeployment of resources into firms and industries where the reward they can earn is higher.

Competition policy tax

What is a tax ruling in Cyprus?

What is the aim of EU competition law?

What is the EU Code of Conduct group?

How can tax policy and administration contribute to a competitive economy?

What is a competitive tax code?

What is international tax 'competitiveness'?

Why do tax policies need to go with the grain of competition?