Local view for "http://purl.org/linkedpolitics/eu/plenary/2012-04-19-Speech-4-339-000"
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"en.20120419.15.4-339-000"2
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"−
In today’s sitting in Strasbourg, Ms Thyssen’s report on the Common Consolidated Corporate Tax Base (CCCTB) was put to the vote.
The differences between the tax systems of the EU Member States are sometimes enormous and are often so difficult to reconcile that it can become complicated and costly to expand a business within the single market. The CCCTB system would instead give businesses the chance to calculate their taxable incomes according to a single body of rules, rather than having to comply with different tax rules in each Member State in which they operate. The system would also make it easier to open and maintain branches in other States, cutting red tape for these companies.
The plan foresees the CCCTB becoming mandatory at the end of a transition period. In the first phase the common tax base should, however, be applied by all European cooperatives and after five years by all companies, except small and medium-enterprises, for which it would remain optional."@en1
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