Despite the political and technical obstacles, the EU Commission’s CCCTB initiative remains a serious proposal. This is all the more so in the current tax climate where business growth and fair tax practices are both in the spotlight. The 2016 relaunch of the 2011 proposal demonstrates the commitment of the Commission to drive this initiative through. Businesses throughout the EU will need to monitor the progress of the proposals and anticipate their potential impact. Much of the 2011 proposal still lies at the heart of the new proposals making the original KPMG guide to CCCTB (which, for example, already anticipated a separate CCTB system) an essential tool for understanding the technical content. Details and comment on the new proposals will be added periodically.
We will be supplementing Parts 1-3 of the guide over time with special updates from the EU Tax Centre as the relaunched proposal takes further shape.