Publié mardi 1 juillet 2008 à 11h58
par
aidanosullivan 
dans In the spotlight (vu 637 fois et 0 commentaires)
With attempts
to harmonize corporate tax rates being vetoed by states like the UK
and Ireland, the EU Commission wishes to address the tax obstacles
facing companies operating across the Internal Market by
implementing a Common Consolidated Corporate Tax Base
(CCCTB).
The CCCTB would mean reducing the cost of working with 27 different national tax systems as they would be able to compute their aggregate profits to a single set of tax rules. The total EU profit would be then apportioned among the countries where the firm is active.
It has established a Working Group to consider first its technical definition and later details of the profit apportioning mechanism. Commissioner Kovacs had plans to bring forward proposals before the end of 2008, but this is now postponed due to the Lisbon Treaty vote in Ireland. The CCCTB will be optional and the Commission will propose its adoption under the enhanced cooperation mechanism failing unanimous agreement.
The Case for CCCTB
The Commission believes that reform of EU corporate taxation is crucial for achieving the goals of the Lisbon agenda and that an efficient, transparent and simplified tax regime will...
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