Written answers

Monday, 11 September 2017

Department of Finance

Common Consolidated Corporate Tax Base Proposals

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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174. To ask the Minister for Finance the discussions has he had with his ECOFIN colleagues in view of the recent developments in respect of the common consolidated tax base; the steps he has taken in the interests of protecting Ireland's tax sovereignty; and if he will make a statement on the matter. [38050/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The European Commission's proposal for a Common Consolidated Corporate Tax Base (CCCTB) was published in October 2016 and discussed at the November 2016 ECOFIN meeting where initial impressions of the proposal were exchanged.  At the December 2016 ECOFIN, Council Conclusions were approved in respect of the Commission's wider package which included the CCCTB proposal but there was no specific discussion of the proposal at that meeting. 

Since my appointment as Minister for Finance, I attended the June and July ECOFIN meetings where CCCTB was not on the agenda and was not specifically discussed.

The CCCTB is a complex and detailed proposal and Member States need to analyse fully its potential impact on national tax systems.  Member States have begun to discuss and debate the various aspects of the proposal in the relevant tax working parties.  Ireland is engaging constructively in these discussions while continuing to assess whether it is in line with our long-term interests. 

Member States maintain full sovereignty on tax matters and unanimity is required before any proposal can be agreed.

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