The CCTB and CCCTB one step further
The Common Corporate Tax Bas (CCTB) will force member states to come to a EU common tax base for multinationals operating in the EU. The second step is to come to a consolidated tax base in the EU for multinational companies with the opportunity to set of profits and losses in the EU. The aim is that multinational companies with a turn over of more than Euro 750mio will fall in the scope of CCTB and he Common Consolidated Corporate Tax Base (CCCTB).
At 3 January 2017 only six EU member states filed objections against the EU Commission plan to go forward to a common corporate tax system in the EU for multinational companies. This means that the CCTB and the CCCTB draft directives will be discussed further. After the implementation in the EU of the Anti Tax Avoidance Directive (ATAD) in 2019 the EU Commission is making further progress against their fight against supposed tax avoidance by multinational companies.
The biggest hurdle will be the veto right of any member state to disagree on the CCTB and CCCTB plans.