Progress on the issue is currently in the hands of the Irish EU presidency, which “must regard this as a somewhat poisoned chalice”, said Mr Kermode, director of the commission’s directorate-general for taxation. The creation of a common consolidated corporate tax base (CCCTB) would not create equal corporate tax rates throughout the EU but would allow firms to comply with an EU-wide system for computing their liabilities.
Ireland, the UK and the Netherlands oppose a CCCTB, while doubts about it exist elsewhere, but Mr Kermode said the European Council had demanded “concrete actions – no more theory, please, concrete actions” on taxation. “We have no corporate tax harmonisation, per se: this proposal is not a proposal to harmonise corporate taxes, but what it has done is to open a very detailed discussion at che Council about the elements of a tax base."
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