| Author (Corporate) | European Parliament: European Parliamentary Research Service |
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| Series Title | Briefing: EU Legislation in Progress |
| Series Details | June 2018 |
| Publication Date | June 2018 |
| Content Type | Journal | Series | Blog, Policy-making |
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The European Commission decided to re-launch the common consolidated corporate tax base (CCCTB) project in a two-step approach, with the publication of two new interconnected proposals on + a common corporate tax base(CCTB) (COM (2016)685). These were published on 25 October 2016, and the 2011 CCCTB proposal (COM(2011) 121) was withdrawn on the same day. The re-launch followed the lack of progress on the 2011 proposal in the Council. The 2016 CCTB provides for the determination of a single set of rules for calculation of the corporate tax base. 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. The intention is that the proposed CCTB is a step on the way towards re-establishing the link between taxation and the place where profits are made, via an apportionment formula to be introduced through the new CCCTB proposal. The proposals include a number of anti-tax avoidance measures. The proposal only concerned the corporate tax base and was not intended to harmonise national corporate tax rates. The Member States would retain their sovereign right to set their own tax rates. The European Parliament, which was only consulted, voted on the two proposals during its March 2018 plenary session. The proposal was now in the hands of the Council. Author: Angelos Delivorias Further information ‘EU Legislation in Progress’ briefings aim to provide Members of the European Parliament with systematic and automatic analysis on all substantial proposals for EU legislation at every stage of the legislative procedure. Each contains an account of the purpose, content and legal aspects of the legislation proposed, in particular analysing what the legislation would change, as well as any previous legislation and the background. An overview of stakeholders’ views is also provided, as well as the opinions of national parliaments and the two advisory committees. They are all made publicly available for stakeholders and the public. |
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| Source Link | http://www.europarl.europa.eu/RegData/etudes/BRIE/2017/595907/EPRS_BRI(2017)595907_EN.pdf |
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| Subject Categories | Taxation |
| Countries / Regions | Europe |
