Michael McGrath (Cork South Central, Fianna Fail)
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365. To ask the Minister for Finance the status of EU proposals on a common consolidated corporate tax base; and if he will make a statement on the matter. [26412/16]

Michael Noonan (Limerick City, Fine Gael)
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The European Commission's proposal for a Common Consolidated Corporate Tax Base (CCCTB) was orginally published in 2011.  No agreement was reached on the proposal and it was subsquently withdrawn by the Commission.

In June 2015, the Commission presented a strategy for the re-launch of the CCCTB as part of its Action Plan for Fair and Efficient Corproate Taxation.  The new proposal is due to be published later in 2016 although no publication date has been announced at this stage. 

Ireland and other Member States have not yet seen the details of this new proposal.  As tax remains in the competence of Member States, the agreement of all Member States would be required for the CCCTB to be introduced.