Author Description

This discussion document examines the European Commission's draft plans to introduce a Common Consolidated Corporate Tax Base (CCCTB) for EU group companies. It analyses the basic features of the draft proposal, as published in the draft CCCTB Directive of 16 March 2011, and the possible effects of these on the UK tax system. Throughout this document, there is a comparison of the proposed rules with the UK provisions. It also considers how non-CCCTB Member States such as the UK would be affected by the CCCTB anti-abuse provisions and the rules on the taxation of inbound and outbound investment.