Tax harmonisation back on the agenda

The European Commission is eager to have a more transparent and simplified corporate tax system, writes Shona Murray in Brussels

The common consolidated corporate tax base (CCCTB), involves a single formula for calculating profits for companies operating in several European states. It does not involve altering countries’ tax rates which can continue to be as competitive as any government wishes, but might impact on Ireland’s attraction as a particularly low-tax destination.

Phil Hogan, the European Commissioner for Agriculture, said CCCTB was likely to be on the agenda for 2015, “because of recent publicity” ...