CCCTB – It’s good for Europe

CCCTB – It’s good for Europe


Because there’s a lot of political awareness around it, this is also the time to fix the tax system, and the CCCTB is a way to fix the tax system. The CCCTB makes it impossible for a multinational corporation to take its profit from one EU member state and hide it in a tax haven inside the European Union. We all stand to benefit from this proposal as European citizens. Common Consolidate Corporate Tax Base would benefit SMEs and with that also European economy greatly. By putting less resources into administration, we would have also more resources to invest. Any tax incentives when investing into R&D would definitely make us invest more and would make us more innovative. We have profits in Germany and we have losses in another European state, and now we cannot put them together. The CCCTB, of course, would help with the cross-border set off of losses. With the CCCTB approach, the one stop shop question, which is very important for us and also for other big European enterprises, will be solved because it means that an enterprise has to give only one tax income statement in one country and the tax administration will then discuss the further on-going questions with the other tax administrations in Europe. And that’s how it should be. The implementation of this proposal will lead to tax certainty. Tax certainty is extremely important. It’s important for business, for the taxpayers because they have to know the rules which are relevant for them. But, tax certainty is also important for the governments because they need stable revenues. This is good for everybody, this is good for the governments, for the European citizens. It would make things easier for us. It is in the interest of the European business. Yes, this is a big step forward.

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