Europe: One Tax Zone?

By: Christopher Sanger, Global and EMEIA Tax Policy Leader, Ernst & Young

On March 16 the European Commission adopted formal proposals regarding a Common Consolidated Corporate Tax Base (CCCTB) for the European Union (EU).  The basic concept of the CCCTB has been under active discussion since 2001 but, until recently, has been considered by many to be an academic exercise rather than a realistic policy proposal.  However, the formal issuance of this directive containing 134 articles and representing the culmination of ten years of work on the subject changes the landscape.

The Proposal in outline

The CCCTB would replace the EU