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EU wide tax base re-launched
First published in the Accountancy Live, 18 June 2015
The latest announcement indicates that work will begin immediately on a new proposal to introduce a mandatory Common Consolidated Corporate Tax Base (CCTB) through a step-by-step approach, which the Commission says will allow for faster progress, with expectations that the new proposal will be ready ‘as early as possible in 2016’.
Tim Wach commented: "Europe must be careful not to choke economic recovery with excessive demands on multinationals who may start to rein in cross-border transactions and other investment activity, in an ever more complicated tax environment."
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