Dáil Committee to Probe EU Plans for Common Tax System

The meeting will take place 2:30 pm in Committee Room 1 of Leinster House.

The Common Consolidated Corporate Tax Base (CCCTB) proposal aims to reduce the administrative burden, compliance costs and legal uncertainties that businesses in the EU currently face in complying with 27 different systems for determining their taxable profits.

Under the plans, a “one stop shop” system would be established for companies to file their tax returns and would enable them to consolidate all their profits across the EU. It would also mean that the companies in the EU would be able to opt for a common system for calculating their tax rate or stick with the different national systems. Corporate tax rates in the each EU country would not change.

Committee Chairman, Charles Flanagan TD said;
“These CCCTB plans could have serious implications for the way businesses across the EU manage their tax affairs. We need to make certain that any proposed changes at EU level will not negatively impact on Ireland.

Although the CCCTB does not propose to alter member States’ individual corporate tax rates it does plan to streamline the system for calculating the tax base of businesses in the EU. This Committee intends to investigate whether the proposal complies with the principle of subsidiarity. The Dáil is obliged to give a response to the EU on the plans later this month and the Committee deliberations will inform this process.”

The official name of this Committee is “the Select Committee on Standing Order 103.” Under the Dáil Standing Orders, a Select Committee is automatically established to support the Lisbon Treaty role of the Houses of the Oireachtas pending the establishment the full committee system.

ENDS
Daniel English
Oireachtas Communications Office
01 618 4484
087 6944926

*Under the principle of subsidiarity, in areas which do not fall within its exclusive competence, the Union shall act only if and insofar as the objectives of the proposed action cannot be sufficiently achieved by the Member States, either at central level or at regional level and local level, but can rather, by reason of scale or effects of the proposed action, be better achieved at Union level

Committee Membership:
Charles Flanagan (FG)(Chairman)
Liam Twomey (FG) (Vice-Chairman)
Ciara Conway (Lab)
Joe Costello (Lab)
Stephen Donnelly (TG)
Damien English (FG)
Pádraig MacLochlainn (SF)
Michael McGrath (FF)
Olivia Mitchell (FG)
Denis Naughten (FG)
Kieran O’Donnell (FG)
David Stanton (FG)
Alex White (Lab)