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.
When Summit tax professional were asked, as a corporate tax payer, if they would like to see the CCCTB
implemented 36 percent had mixed views.
will also make the EU a much more attractive market for foreign
goals should reduce tax compliance costs for U.
KPMG International asked finance directors, tax directors and tax managers from more than 400 companies, including some of the largest from all 27 EU countries and Switzerland, for their views of the proposed CCCTB
The macro-based approach implies that the common tax base of any CCCTB
group should be allocated to the member states with reference to factors aggregated at the national level (GDP, VAT bases, .
42) One suggestion for the EU's CCCTB
project advocated expanding
15) The EU working group on the CCCTB
submitted its final report in 2008, and the issue remains under deliberation.
First and foremost, the CCCTB
must remain optional," the organization said.
In March, Germany and France will seek agreement for a new "grand plan'' for Europe, including the CCCTB
Tax Executives Institute has monitored CCCTB
developments since the inception of the project, submitting our initial views on critical elements of the CCCTB
for business taxpayers in May 2007.