How much Vitamin C does the European tax system need to be healthy? The CC(C)TB saga continues

Citrus fruitsOn 25 October 2016 the European Commission proposed a redrafted version of the proposal aiming to tackle tax avoidance and evasion, by creating a single Common Corporate Tax Base, and introducing, at a later stage, a consolidation element which would allow companies to offset losses in one Member State from the profits earned in another. The proposal on the Common Corporate Tax Base (CCTB) will first go through the legislative process, while the proposal introducing consolidation throughout the EU will start to be negotiated only after the CCTB is agreed.

This snapshot provides an overview and critical analysis of the main elements of the proposal, as well as insights and intelligence from Brussels.

Benjamin Tausig is Senior Managing Director in FTI Consulting’s Tax and Corporate Finance team in London and Kristina Budrytė-Ridard is Senior Consultant in FTI Consulting’s Financial Services and Tax team in Brussels.

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