Principles and rules for defining of common consolidated tax base in the European Union

Abstract

The "Common Consolidated Tax Base" system is an ambitious goal of the European Commission. Technical discussions related to this system were launched in September 2004, when was formed a working group to help the Commission to prepare a legislative proposal in this regard. Until now has been accurately defined the principles of the system and identified a number of operating rules. In this paper we propose to render some specific instances that demonstrate how the "Common Consolidated Tax Base" can achieve the objectives set by the Commission.common consolidated tax base, principles, tax mechanism