Local view for "http://purl.org/linkedpolitics/eu/plenary/2010-11-23-Speech-2-567"
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"en.20101123.40.2-567"2
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"Do you mean these three questions on the CCCTB?
The Commission has no plans to make proposals on corporate tax rates. Differences in rates allow a certain degree of tax competition to be maintained in the internal market. In addition, fair tax competition based on rates offers more transparency and allows Member States to consider both their market competitiveness and budgetary needs in fixing their tax rates.
In relation to the issue of corporate tax bases, conversely, the Commission has been working for some time on a proposal for a common consolidated corporate tax base. This initiative is included in the Commission work programme for 2011 as a strategic initiative to tap the potential of the single market for growth. It is also quoted as a key proposal in the Single Market Act, which was adopted on 27 October 2010.
Currently, the Commission’s plan is to adopt a proposal by the end of the first quarter of 2011. The CCCTB is a common system of rules for calculating the tax base of companies; it has no bearing on tax rates. Member States will continue to decide their own corporate tax rates. The Commission believes that progressing with the CCCTB is the appropriate solution to tackling cross-border fiscal impediments to growth in a comprehensive manner.
Currently, the existence of 27 highly disparate corporate tax systems in the EU means that companies are faced with significant tax obstacles and an administrative burden which discourage, if not impede, their activities in the single market and negatively affect their competitiveness, in particular, in the case of SMEs. Such a highly fragmented landscape gives rise to significant market distortions and barriers and creates considerable compliance costs."@en1
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