Reviews of European structures and of traditional tax planning will be required in the light of the European Commission's Common Consolidated Corporate Tax Base (CCCTB) proposal, coupled with UK CT reforms where relevant. A draft CCCTB Directive is expected to be published by 31 March 2011, based on the limited circulation 2008 text, introducing a standard method for calculation and allocation of pan-EU profits for tax purposes. Modelling of the impact of CCCTB on existing structures is recommended.
Peter Cussons explains what the CCCTB proposals mean for UK and inbound groups
Reviews of European structures and of traditional tax planning will be required in the light of the European Commission's Common Consolidated Corporate Tax Base (CCCTB) proposal, coupled with UK CT reforms where relevant. A draft CCCTB Directive is expected to be published by 31 March 2011, based on the limited circulation 2008 text, introducing a standard method for calculation and allocation of pan-EU profits for tax purposes. Modelling of the impact of CCCTB on existing structures is recommended.
Peter Cussons explains what the CCCTB proposals mean for UK and inbound groups