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A proposal for the implementation of a common system for calculating the tax base of businesses operating in the EU (Common Consolidated Corporate Tax Base, CCCTB) was recently presented by the European Commission. According to the Proposal, the CCCTB: will bring simplification, will allow the automatic offset of profits and losses realised in different EU Member States, will solve transfer pricing issues amongst group companies, and will remove double taxation (and double non-taxation) within consolidated groups as well as legal uncertainty.
Several EU Member States are opposed to the introduction of the CCCTB. Indeed, if on one hand the CCCTB may be good news for the competitivess of the EU taken globally, on the other hand it may be a disadvantage...
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