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The European Commission has revealed its new proposal new common rules on corporate taxation. The proposed legislation would subject all EU tax-resident companies with annual turnover of more than €750m to a single set of rules for calculating their taxable profits.

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With its progressive reforms, the PES promotes a real alternative to the politics of cuts and lowest social standards. Gathering measures ranging from decent wages, quality public services, fair taxation, investment in education and clean technology, the PES programme for progressive reforms shapes a new social and economic model that supports growth and jobs, favours environmental, economic and social sustainability and reduces inequalities. With the Youth Guarantee, we have shown that another kind of reforms is possible, we are now ready to push for more.

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