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Common consolidated corporate tax base (CCCTB) [EU Legislation in Progress]

Written by Gustaf Gimdal and Angelos Delivorias (2nd edition),

corporate tax, 3D rendering, triple flags

© Argus / Fotolia

The European Commission has decided to re-launch the common consolidated corporate tax base (CCCTB) project in a two-step approach, with the publication on 25 October 2016 of two new interconnected proposals: on a common corporate tax base (CCTB), and on a common consolidated corporate tax base (CCCTB). The 2011 CCCTB proposal (COM(2011) 121) was withdrawn on the same day.

Building on the 2016 CCTB proposal, the 2016 CCCTB proposal introduces the consolidation aspect of this double initiative. Companies operating across borders in the EU would no longer have to deal with 28 different sets of national rules when calculating their taxable profits. Consolidation means that there would be a ‘one-stop-shop’ – the principal tax authority – where one of the companies of a group, that is, the principal taxpayer, would file a tax return. To distribute the tax base among Member States concerned, a formulary apportionment system is introduced.

Interactive PDF

Common consolidated corporate tax base (CCCTB)

Proposal for a Council Directive on a Common Consolidated Corporate Tax Base (CCCTB)
Committee responsible: Economic and Monetary Affairs (ECON) COM(2016) 683
25.10.2016

procedure ref.: 2016/0336(CNS)

Consultation procedure (CNS) – Parliament adopts only a non-binding opinion

Rapporteur: Alain Lamassoure (EPP, France)
Shadow rapporteurs:

 

 

 

 

 

 

 

Hugues Bayet (S&D, Belgium)

Sander Loones (ECR, Belgium)

Lieve Wierinck   (ALDE, Belgium)

Matt Carthy (GUE/NGL, Ireland)

Fabio De Masi (GUE/NGL, Germany)

Eva Joly (Greens/EFA, France)

Marco Valli (EFDD, Italy)

Barbara Kappel (ENF, Austria)

Next steps expected: Vote in committee

Stage: National Parliaments opinion

Discussion

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  1. Pingback: Common consolidated corporate tax base (CCCTB) [EU Legislation in Progress] | Vatcompany.net - September 22, 2017

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The content of all documents (and articles) contained in this blog is the sole responsibility of the author and any opinions expressed therein do not necessarily represent the official position of the European Parliament. It is addressed to the Members and staff of the EP for their parliamentary work. Reproduction and translation for non-commercial purposes are authorised, provided the source is acknowledged and the European Parliament is given prior notice and sent a copy. Copyright © European Union, 2014. All rights reserved

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