This Action Plan sets out a series of measures to meet the above objectives. They focus on areas where EU action would be the most effective way to address corporate tax challenges and to target particular types of abuse. This includes addressing mechanisms identified within the EU and globally as those most likely to facilitate aggressive tax planning, such as transfer pricing, patent boxes and debt. 6 Taken together, these measures offer a more coordinated corporate tax environment within the EU, leading to fairer taxation, more stable revenues and a better environment for businesses. They would also allow for a more cohesive EU approach in relation to third countries.