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eu common corporate tax

Certain cookies are used to obtain aggregated statistics about website visits to help us constantly improve the site and better serve your needs. It consists of the heads of state or government of the member states, together with its President and the President of the Commission. Read more about the role of the European Council, Proposal for a Council directive on a common corporate tax base, Proposal for a Council directive on a common consolidated corporate tax base, Presidency compromise proposal on 2011 proposal for a Council directive on common consolidated corporate tax base, November 2014, Anti tax avoidance package (background information), Common corporate tax base: Council policy debate, May 2017, Economic and Financial Affairs Council, 23/05/2017, Council conclusions on building a fair, competitive and stable corporate tax system for the EU, Economic and Financial Affairs Council, 6 December 2016, proposal for a directive establishing a common  corporate tax base (CCTB), proposal for a directive establishing a common consolidated corporate tax base (CCCTB), The rules for calculating the tax base, especially the newly introduced elements (Chapters I to V), Remaining elements of the proposal on the common base (chapters VI-X), starting with those that had already been discussed in 2011, when the first proposal was analysed,  and then moving on to the anti-tax-avoidance elements, which are also related to the recently adopted anti-tax-avoidance directive, Proposal on a common consolidated corporate tax base. To get more information about these cookies, how and why we use them and how you can change your settings, check our cookies policy page. Therefore, the Commission re-enforced the original CCCTB proposal and re-launched it through a more manageable process. Aggressive tax planning practices, which are most often employed by large multinational companies, have a particularly negative impact on the competitive position of small and medium-sized enterprises, as they cannot afford the high cost of consulting fees related to such tax solutions. The re-launched CCCTB will be implemented through a two-step process and will be mandatory for the largest groups in the EU. The Council of the EU and the European Council work on a wide range of issues affecting the interests of the EU and its citizens. The CCCTB now includes a new super-deduction for companies that invest in R&D spending, given the importance of such investment for growth and jobs. In October 2016, the Commission proposed to re-launch the Common Consolidated Corporate Tax Base. Both draft directives were published on 25 October 2016. Factsheet2016 proposal on Common Tax Base  - Annex2016 proposal on Consolidation - Annex. The CCTB is stage one of a two-stage approach towards an EU-wide corporate tax system and it lays down common corporate tax rules for computing the tax base of large companies and permanent establishments in the EU. Council and European Council documents are made available through the public register, in accordance with EU rules on transparency. The CCCTB will be implemented in two steps. It sequenced the work as follows: The Council's Working Party on Tax Questions started examining the proposals. Corporate tax is then consolidated according to a complicated set of criteria and distributed out to member states based on the level of economic activity that takes place in their jurisdiction. The CCCTB is a modern, fair and competitive corporate tax framework for the EU. We´d love to know what you think about our website. Follow the latest developments on policy-making and on legislation under negotiation. The two draft directives deal with taxation; they will therefore have to be adopted by the special legislative procedure, which requires a unanimous vote at the Council of the EU, after it has consulted the European Parliament. The European Council brings together EU leaders at least four times a year. The re-launched CCCTB system will be mandatory for large groups, to cover those with the greatest capacity to tax plan. In the first step, the common base should be implemented. The Council is working on a relaunched legislative initiative to establish a common consolidated corporate tax base in the EU. The CCCTB will give strong incentives to R&D. We use cookies in order to ensure that you can get the best browsing experience possible on the Council website. Find out more about documents and publications. We will use this data to improve your experience on our website. Differences in national corporate tax regimes across the EU create favourable conditions for transnational corporations to engage in tax planning schemes, which most commonly consist of shifting their profits to lower-tax jurisdictions (to the so-called 'preferential tax regimes'). The General Secretariat of the Council is a body of staff responsible for assisting the European Council and the Council of the EU. It will incentivise R&D spending, which is crucial for growth, with a super-deduction. a common system for calculating the tax base of businesses operating in the EU: the Common Consolidated Corporate Tax Base (CCCTB).

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