Mr. Alain Lamassoure:

I will make two points. First, it is very important for us to apply the common corporate tax base, CCTB, and the CCCTB on the same day. We recommend that time is taken if, as is likely, it is needed to finalise the whole system. However, when we hear from multinationals, be they European or American, on this issue, they are definite that both elements of consolidation should apply. It represents progress for them, improving simplicity, fairness, etc. They are all for it. If the alternative is to only have CCTB as a first stage, then there will be a very complicated interim period with interim regulations and then several years of consolidation. This would cause more complexity, an outcome in which they are not interested.

Second, of course we hope to reach unanimity in spite of reservations expressed by some member states, including Ireland at this point. Negotiation is ongoing. If unanimity is not forthcoming, it is very likely that the procedure of enhanced co-operation will be launched. This is because there is a clear determination in many member states, starting with France and Germany, to find a solution. For instance, our German friends can no longer put up with a situation where part of their tax wealth is robbed by Luxembourg.