Harmonisation
From ACT Wiki
1. Law – regulation.
The act of making systems or laws the same or similar in different countries, companies or similar so that they can work together more easily.
- Tax base harmonisation
- Agreement on tax base harmonisation has been a slow process.
- Supporters of harmonisation continue to argue the case, especially before their domestic electorates.
- Supporters of harmonisation have also proposed the introduction of a common tax base among a voluntary coalition of willing Member States if agreement among all Member States is not forthcoming.
- Treasurer's Wiki, Common Consolidated Corporate Tax base
2. European Union – Brexit.
Harmonisation refers to the determination of EU-wide legally binding standards to be met in all Member States.
Also spelt Harmonization.
