Importantly for multinational companies, the Commission will propose cross-border loss offset for companies in the EU.

The Commission will propose cross-border loss offset for companies in the EU.

For example, it foresees cross-border loss offset (see below) and a review of the transfer pricing system.

With cross-border loss offset, a parent company in one Member State would be able to receive temporary tax relief for the losses of a subsidiary in another Member State.

With cross-border loss offset, a parent company in one Member State will be able to receive temporary tax relief for the losses of a subsidiary in another Member State.

With cross-border loss offset, a parent company in one member state would be able to receive temporary tax relief for the losses of a subsidiary in another member state.

Both countries are against introducing provisions on cross-border loss relief as they should be discussed at a second stage.

Both countries are against introducing provisions on cross-border loss relief as they should be discussed at a second stage.