The EESC is the first institution to have adopted a position on the proposals and to make recommendations for a more effective and more achievable CCCTB
," the Committee, which adopted its opinion at a plenary session last month, said.
The statement noted that tax rates are not mentioned in the CCCTB
as "these remain an area of national sovereignty.
Considering that the current transfer pricing rules have not proved very effective in tackling profit shifting over the last decades, a system of cross-border tax consolidation, as provided for in the CCCTB
, would remove the benefits of profit shifting within the consolidated group across the Single Market.
2010) exploring the macro-economic impact of introducing a CCCTB
find that the system would not yield substantial welfare gains for Europe.
MEPs say the CCCTB
system would give companies a single set of rules for calculating their taxable profits, rather than having to comply with differing accounting rules in each Member State in which they work.
While the implementation of the CCCTB
would solve the transfer pricing problem within the EU, it is an incomplete solution.
will also make the EU a much more attractive market for foreign
The Commission decided not to mention the ultra-sensitive CCCTB
, despite explicitly including paragraphs on it in an earlier discussion paper on SBA obtained by Europolitics Environment.
The survey suggests that 78% of respondents support the CCCTB
development process, while only 34% would unconditionally agree to use it (i.
Only 62 per cent of organisations questioned by KPMG International as part of a Europe-wide survey were in favour of European Commission plans for a Common Consolidated Corporate Tax Base, or CCCTB
The Commission intends to introduce a digital CCCTB
, that is, a Common Consolidated Corporate Tax Base in the digital economy, because the current tax system is not fair for all businesses and individuals.
5% if companies could choose whether or not to participate to CCCTB