The EU Parliament’s Economic and Monetary Affairs (ECON) committee has renewed its call to lower the threshold for the common consolidated corporate tax base (CCCTB) to groups with revenue above €40m, instead of the €750m proposed by the Commission. The committee’s latest draft report also says the threshold should be reduced to nil within five years.
The report recommends aligning implementation of the two parts – the common corporate tax base and consolidation – by 2020 at the latest. It also describes the CCCTB as ‘a missing brick in the construction of the genuine internal market and in fighting tax avoidance’. See http://bit.ly/2tEZIRS.
The EU Parliament’s Economic and Monetary Affairs (ECON) committee has renewed its call to lower the threshold for the common consolidated corporate tax base (CCCTB) to groups with revenue above €40m, instead of the €750m proposed by the Commission. The committee’s latest draft report also says the threshold should be reduced to nil within five years.
The report recommends aligning implementation of the two parts – the common corporate tax base and consolidation – by 2020 at the latest. It also describes the CCCTB as ‘a missing brick in the construction of the genuine internal market and in fighting tax avoidance’. See http://bit.ly/2tEZIRS.
