As Thierry mentioned, the SME relief package is about making it easier for SMEs – the backbone of the European economy – to really reap the full benefits of our single market. And taxation is one important piece of the puzzle. SMEs operating cross-border pay corporate income taxes in all Member States where they have permanent establishments, according to different national rules. This results in high tax compliance costs, which disproportionately affect smaller firms: SMEs spend some 2.5% of their turnover just to comply with their tax obligations.

https://www.miragenews.com/commissioner-gentiloni-comments-on-sme-relief-1082754/

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