The question of how to address base erosion and profit shifting has been a growing concern in recent years. It gained force around the world when the OECD published recommendations from the Base Erosion and Profit Shifting (BEPS) project in 2015. European countries face many issues that the BEPS project was intended to address. In fact, the challenges in Europe may be exacerbated due to the existence of the European Union (EU) and the single market. In this context, it may have been easier for any multinational corporation based in the EU to plan around member countries’ legislation to minimize its tax burden. The EU internal market consists of a single market made up of the current 28 member countries where each country allows the free movement of goods, services, capital, and persons. With all those freedoms in a single market (including the freedom of establishment), there are ongoing concerns in the EU Council about tax avoidance by multinational businesses and its…
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