Dear Clients,
European Competition Commissioner Margrethe Vestager has called for a common
Consolidated corporate tax base (CCCTB) and the automatic exchange of information
On tax rulings.
Vestager appeared before a hearing of the parliament’s Special tax ruling
Committee on May 5, In her opening remarks, she said” there is a lot of secrecy
Around tax ruling, member states are not transparent about their rulings and
Exchange very few of them.
Vestager said there has been no pattern to the Commission’s investigations of the
Rulings handed down by individual European Union ( EU ) members states, “ we
Have now asked every country about their tax ruling. With our limited resources,
we look at cases that will set a precedent, so that we generate incentives for
member states to change,» she explained”.
Vestager added that “for the Commission to work in a dedicated, fast and just manner
We need at least the automatic exchange of information on tax ruling and a common
Consolidated corporate tax base, we might also have to prepare guidance’s for member
States to explain in detail what is allowed and what is not. But for that we need more case law.
When asked whether the adoption of the enhanced corporation procedure by a group of member
States would help deliver a CCCTB, Vastager replied that enhanced corporation between a
Coalition of the willing is not a good idea, as it might scare member states away and because
Competition is important for all the EU member states.
Should you require any further clarification, Please do not hesitate to contact us at:
Kind Regards
Cardwell Advisory Desk
