Why a Common Consolidated Corporate Tax Base?
The European Commission says that the CCCTB constitutes a comprehensive solution to tackle in one go all the company tax obstacles arising when companies carry out cross border activities within the Internal Market. Indeed, in addition to reducing compliance costs for companies operating across the Internal Market, the CCCTB will eliminate many of the existing intra-community transfer price difficulties, allow cross-border loss offsetting, simplify many international restructuring operations and avoid many situations of double taxation. It will contribute to greater simplicity and transparency in the 27 existing company tax systems, thereby promoting fair and open tax competition within the European Union. The European Commission has no intention to link the CCCTB with any proposal to harmonise tax rates. The Commission advocates that: • The CCCTB should be broad, simple and uniform with as few exceptions as possible; • The tax base could be consolidated and optional for companies. Thi
