EU corporate tax overhaul divides opinion

Plans to overhaul the taxation of company profits in the European Union have received a mixed response from across the profession.

The proposed system, the Common Consolidated Corporate Tax Base (CCCTB), will introduce a common definition of taxable profit across Europe.

On one side there is concern that the new measures involve a loss of national sovereignty over tax policy, but on the flipside it could be the only way to effectively tackle cross-border tax avoidance.

While there are flaws in the model for the CCCTB that is being proposed, a number of key tax voices have rallied “progressives” to support the proposals.

Richard Murphy, director of Tax Research UK, said: “A CCCTB makes complete sense - and is wholly supported by country-by-country reporting.

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Comments
Wild Billy's picture

Why would you think that is the "offiicial impact assessment"?

Wild Billy | | Permalink

It seems doubtful, don't you think, that the Oxford Business School would be responsible for the official Impact Assessment?! It is hardly an impartial body.