KPMG’s Guide to CCCTB (Common Consolidated Corporate Tax Base) 

KPMG’s EU Tax Centre is pleased to announce the publication of The KPMG Guide to CCCTB (Common Consolidated Corporate Tax Base).

On March 16, 2011, the European Commission issued a Proposal for a Council Directive on a CCCTB. The general objectives of the proposal were to improve the simplicity and efficiency of the corporate income tax systems in the EU and contribute to the better functioning of its internal market.

The new Guide discusses how, despite the political and technical obstacles, the CCCTB initiative is a serious proposal. Businesses throughout the EU will need to clearly understand what the CCCTB proposal means for them. That requires not just a one-off exercise, but rather an ongoing, dynamic process. This KPMG guide to CCCTB provides clear, practical descriptions of the proposals as well as thought-provoking insights into their technical aspects.

KPMG’s EU Tax Centre will supplement the Guide over time with special features on related topics and update it as the proposals take further shape.

As well as contributions from specialists from KPMG Member Firms around the world, the Guide includes contributions from a number of highly respected external experts including: Judith Freedman, Professor of Taxation Law, University of Oxford; Graeme Macdonald, formerly University of Kent; Marius Vascega, Council of the European Union, and Servaas van Thiel, Professor of International and European Tax Law, Free University of Brussels.

 Part 1 addresses the political background and the EU decision making process, as well as policy issues such as the CCTB alternative and the choice between specific rules, rather than general principles.

• Part 2 generally follows the structure of the Directive and takes the reader through its essential details with practical examples and illustrations.
• The chapters in Part 3 will be added periodically, where appropriate, to reflect new developments and provide greater insight into selected technical and practical issues arising from the Directive.

To access the guide, visit the website www.kpmg.com/ccctb.