Thursday, 5 March 2020
Department of Finance
Corporation Tax Regime
110. To ask the Minister for Finance the progress made to date at EU level on a consolidated corporate tax rate for the EU; the implications for Ireland of the introduction of such a policy; and if he will make a statement on the matter. [3868/20]
I assume the Deputy is referring to the European Commission's proposals for a Common Consolidated Corporate Tax Base (CCCTB) which were published in October 2016. The proposals have been under discussion at Council working party level since that time. Ireland is actively involved in these ongoing technical discussions.
The re-launched CCCTB is split into two separate Directives – a Directive for a Common Corporate Tax Base (CCTB) and separately a second Directive for a Common Consolidated Corporate Tax Base (CCCTB). The Common Corporate Tax Base proposal is being discussed first and consolidation will only be discussed after the file is agreed.
By its nature, the Common Consolidated Corporate Tax Base is a complex and detailed proposal. Member States are discussing and debating the various aspects of the proposal in the relevant tax working parties. These discussions are progressing but much more technical consideration is needed.
The views of Member State delegations continue to diverge on a range of technical issues under discussion in respect of the proposal. Significant technical work remains to be carried out. The Croatian Presidency is currently continuing the approach of the recent Finnish Presidency and holding meetings on specific technical issues within the proposal.