France plans push for common EU corp tax

The French government aims to push plans for the introduction of a common corporate tax when it takes over the six-month rotating presidency of the EU in July.

Finance Minister Christine Lagarde told reporters this week the proposal for a Common Consolidated Corporate Tax Base was an idea the French ‘are determined to push’, according to Tax-news.com.

Proponents of CCCTB say companies would be able to follow common rules for calculating the tax base for all their EU-wide activities rather than the existing 27 systems, which would simplify procedures, improve efficiency and reduce compliance costs.

But several member states, particularly those with the lowest corporate tax rates in EU such as Ireland, Estonia and Slovakia are strongly opposed to any form of harmonisation of EU member state tax regimes, despite assurances no plans are in the pipeline for harmonising tax rates, which is what these countries ultimately fear.
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