An Independent Consultant Report by HumeBrophy states that:
'CCCTB –Commission finalising proposal, targets September 2008 publication - Key Points
1 The European Commission is putting the final touches to its proposal for a ‘Common Consolidated Corporate Tax Base’
(CCCTB) – the new common criteria for calculating corporate tax for companies with operations in multiple EU Member States
2 The proposal will be ready for publication in September 2008, taking advantage of a supportive French Presidency of the European Union, while side-stepping Ireland’s Lisbon Treaty referendum
3 The Commission remains committed to calculating ‘sales by destination’ and will only agree to limited sector-specific formulae
4 The Irish government remains strongly opposed to the CCCTB proposal, but the proposal is backed by others – including larger Member States like France and Germany
5 CCCTB is bad news for Ireland and Irish business–Irish businesses face higher taxes, Ireland will likely be forced to change its bilateral tax treaties with CCCTB participating countries, while CCCTB wholly undermines Ireland’s fiscal competitiveness
6 An Irish veto will not stop CCCTB – the Commission has again made clear that it will push the proposal through via ‘enhanced cooperation’
Read full report here
An earlier Consultant Report in October 2007 warns that:
'Even if Ireland opts out of CCCTB, there will be significant implications for businesses operating in Ireland. Ireland will likely be forced to change its bilateral tax treaties with participating countries if ‘sales by destination’ is included in the final agreement.'
Business Lobby group, IBEC tolds its members about EU Commission plans on CCCTB before the Referendum:
Commissioner pushes common corporate tax system - 11/01/2006
Commission determined to push Tax Agenda - 05/02/2006
CCCTB: Barroso for, Mccreevy against - 01/06/2007
