Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

EU proposes common corporate tax base.

Document Cited in Related
Vincent
PositionUpdate

The European Commission has proposed the creation of a common system for calculating the tax base of businesses operating in the EU. This would allow companies to file their tax returns using a one stop shop and make it possible to consolidate all profits and losses across the 27 member states.

The Commission estimates that the common consolidated corporate tax base (CCCTB) could save EU businesses [euro]700m in reduced compliance costs and [euro]1.3bn through consolidation. In addition, it estimates that businesses looking to expand across borders could benefit by savings of up to [euro]lbn in savings. The Commission argues that CCCTB will also make the EU more attractive for foreign investors.

Cross-border companies currently have to deal with up to 27 different tax administrations when...

To continue reading

Request your trial
COPYRIGHT TV Trade Media, Inc.
COPYRIGHT GALE, Cengage Learning. All rights reserved.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT