What is BEFIT and its legal basis?

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Answer

'Business in Europe: Framework for Income Taxation' — a proposed common corporate-tax rulebook, based on Article 115 TFEU (which requires unanimity).

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Aims to cut compliance costs for businesses operating across the EU.

Consolidated TFEU (EUR-Lex) — eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:12016E/TXT

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