Dáil Éireann Debate, Tuesday - 22 September 2015
370. Deputy Thomas P. Broughan asked the Minister for Finance when he expects to have to address renewed proposals from the European Union for common consolidated corporate tax base legislation across the EU; the counter proposals that will be made; and if he will make a statement on the matter. [31638/15]
View answerIn its June 2015 'Action Plan on Corporate Taxation', the European Commission announced that it would re-launch its Common Consolidated Corporate Tax Base (CCCTB) proposal sometime in 2016.
The re-launched proposal will be debated by Member States in two stages. The Commission will first seek agreement on a common corporate tax base. This will involve negotiations to attempt to agree a single set of rules that companies operating within the EU would use to calculate their taxable income. The issue of consolidation will then be addressed at a later date. I welcome the pragmatic decision from the Commission to postpone the consolidation element of the CCCTB proposal as part of its re-launch. This is in line with the approach agreed by Member States in the Irish Presidency Roadmap in 2013.
While we have yet to see the exact details of the re-launched CCCTB proposal, and won't see them for some months, Ireland will engage constructively in these matters, as we always do, while holding a firm line that matters of direct taxation remain a member state competence and that unanimity in tax matters is maintained.
