Common Corporate Tax Base (CC(C)TB) and Determination of Taxable Income: An International Comparison
Christoph Spengel, York Zöllkau
Springer Science & Business Media, Mar 13, 2012 - Law - 104 pages
The study conducted by the Centre of European Economic Research (ZEW), the University of Mannheim and Ernst & Young contributes to the ongoing evaluation of the proposal for a Draft Council Directive on a Common Consolidated Corporate Tax Base (CC(C)TB) released by the European Commission on March 16, 2011. For the first time, details on the determination of taxable income under the proposed Council Directive are compared to prevailing corporate tax accounting regulations in all 27 Member States, Switzerland and the US. The study presents evidence on the scope of differences and similarities between national tax accounting regulations and the Directive’s treatment in a complete, yet concise form. Based on this comprehensive comparison, it goes on to discuss remaining open questions and adjustments needed if the Directive is to be implemented in national tax law. Readers seeking a basis for taking an active part in the public debate will find a valuable source of information and a first impression of how the proposed CC(C)TB would affect corporate tax burdens in the European Union.
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Common Corporate Tax Base (CC(C)TB) and Determination of Taxable Income: An ...
Christoph Spengel,York Zöllkau
No preview available - 2014
27 EU Member 28 considered countries acquired intangibles allocation apply Article 11 Article 25 asset pool Bulgaria capital gains capitalised carryback CCTB Common Corporate Tax consolidated tax base Corporate Tax Base costs Council Directive Article Council Directive provides countries under consideration Cyprus Czech Republic declining-balance deductible expenses depreciation base detail determination of taxable differences displayed in Figure dividends Ernst & Young Euribor European Commission financial accounting Finland fixed assets formula apportionment group members incurred individual depreciation intangible assets Latvia Lithuania Machinery and Equipment majority of countries Malta method national tax accounting non-deductible expenses pension Profit Distributions Prohibited proposed CCCTB proposed Council Directive realisation principle recognition revenue Romania Shareholding Slovakia Slovenia stock items straight-line subchapter Switzerland tax accounting practice tax accounting regulations tax practice tax rate taxable income taxpayer tion treatment United Kingdom