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CCCTB: Enhanced Speed Ahead for Improvement

CCCTB: Enhanced Speed Ahead for Improvement ec Editorial TAX REVIEW 2011­5 Prof. Dr Eric C.C.M. Kemmeren, Professor of International Tax Law and International Taxation at the Fiscal Institute Tilburg of Tilburg University,The Netherlands* ENTHUSIASTIC EUROPEAN COMMISSION After intensive and extensive preparations, the European Commission presented enthusiastically and proudly the youngest scion of the direct tax directives family: Proposal for a Council Directive on a Common Consolidated Corporate Tax Directive (CCCTB).1 The baby was born on 16 March 2011, or should we say that a proposal to the conception of a baby was born. In any case, the new kid (in a seminal stage) is said to be `making business easier and cheaper'.2 The aim of proposed CCCTB is to significantly reduce the administrative burden, compliance costs, and legal uncertainties that businesses in the EU currently face in having to comply with up to twenty-seven different national systems for determining their taxable profits. Corporate taxation still creates serious obstacles to the establishment of the single market. Transnational companies have to deal with up to twenty-seven different tax laws for calculating their tax base and have to work with up to twenty-seven different tax administrations. Furthermore, they face extremely complex transfer pricing issue, can often not http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png EC Tax Review Kluwer Law International

CCCTB: Enhanced Speed Ahead for Improvement

Kemmeren
EC Tax Review , Volume 20 (5) – Jan 1, 2011
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Kluwer Law International
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Copyright © Kluwer Law International
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0928-2750
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Abstract

ec Editorial TAX REVIEW 2011­5 Prof. Dr Eric C.C.M. Kemmeren, Professor of International Tax Law and International Taxation at the Fiscal Institute Tilburg of Tilburg University,The Netherlands* ENTHUSIASTIC EUROPEAN COMMISSION After intensive and extensive preparations, the European Commission presented enthusiastically and proudly the youngest scion of the direct tax directives family: Proposal for a Council Directive on a Common Consolidated Corporate Tax Directive (CCCTB).1 The baby was born on 16 March 2011, or should we say that a proposal to the conception of a baby was born. In any case, the new kid (in a seminal stage) is said to be `making business easier and cheaper'.2 The aim of proposed CCCTB is to significantly reduce the administrative burden, compliance costs, and legal uncertainties that businesses in the EU currently face in having to comply with up to twenty-seven different national systems for determining their taxable profits. Corporate taxation still creates serious obstacles to the establishment of the single market. Transnational companies have to deal with up to twenty-seven different tax laws for calculating their tax base and have to work with up to twenty-seven different tax administrations. Furthermore, they face extremely complex transfer pricing issue, can often not

Journal

EC Tax Review – Kluwer Law International

Published: Jan 1, 2011

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