The European Parliament on March 15 voted in favor of a plan to establish a common consolidated corporate tax base (CCCTB) in the EU. The CCCTB, passed by a 438 to 145 vote with 69 abstentions, would provide a common set of rules in the EU for calculating profits.
Separately, the EU Parliament approved a measure establishing a common corporate tax base (CCTB) by a 451 to 141 vote, with 59 abstentions.
The plans adopt the concept of digital presence which gives rise to the liability to pay tax in a member state,
“National and EU leaders are beginning to understand that the current systems are outdated and leave citizens and small companies worse off. The momentum is there, we keep up the pressure,” said Dutch S&D member Paul Tang, who wrote the report on the CCTB.
The next step is for the resolutions to be considered by the EU Council and Commission.
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