Today, the European Commission relaunched its public consultation on the common consolidated corporate tax base (CCCTB). The CCCTB would provide a single set of rules that cross-border companies could use to calculate their profits in the European Union (EU). In a press release, European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici stated that he “remain[s] convinced that the CCCTB is the best instrument for fighting cross-border tax abuse and tax fraud and for easing the administrative burden on companies operating in the EU.” He added that he “very much hope[s] that the views collected in this public consultation will help us to present in 2016 a revised proposal that is balanced and beneficial to all.” The public consultation will remain open until January 8, 2016.
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EU Commission seeks feedback on common consolidated corporate tax base
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