, 4 May 2011 |
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411F04 |
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On 16 March 2011 the European Commission published a proposal for a directive on a Common Consolidated Corporate Tax Base (CCCTB, COM(2011)121/4) which will allow a company or groups of companies operating within the EU to calculate their taxable income according to a single set of rules, reducing the legal uncertainties of complying with different rules in each Member State in which they operate.
The proposal would require that companies opting for it would need to comply with just one EU system for computing taxable income. In addition, they would be able to file a single tax return for the whole of their EU activity, reducing compliance costs with a “one-stop-shop”, and to consolidate profits and losses from the start without transfer pricing.
This briefing will look at how this will work in practice for companies:
Standard: € 50
EU officials and members of the 'Friends of ERA' association: € 0