Tommy Broughan (Dublin North East, Independent)
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370. To ask the Minister for Finance when he expects to have to address renewed proposals from the European Union for common consolidated corporate tax base legislation across the EU; the counter proposals that will be made; and if he will make a statement on the matter. [31638/15]

Michael Noonan (Limerick City, Fine Gael)
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In its June 2015 'Action Plan on Corproate Taxation', the European Commission announced that it would re-launch its Common Consolidated Corporate Tax Base (CCCTB) proposal sometime in 2016.  

The re-launched proposal will be debated by Member States in two stages.  The Commission will first seek agreement on a common corporate tax base.  This will involve negotiations to attempt to agree a single set of rules that companies operating within the EU would use to calculate their taxable income.  The issue of consolidation will then be addressed at a later date.  I welcome the pragmatic decision from the Commission to postpone the consolidation element of the CCCTB proposal as part of its re-launch. This is in line with the approach agreed by Member States in the Irish Presidency Roadmap in 2013.

While we have yet to see the exact details of the re-launched CCCTB proposal, and won't see them for some months, Ireland will engage constructively in these matters, as we always do, while holding a firm line that matters of direct taxation remain a member state competence and that unanimity in tax matters is maintained.