EU Common Consolidated Corporate Tax Base (CCCTB) Proposal

Impact on US multinationals' European operations

On 16 March 2011 the European Commission adopted formal proposals for a dramatic change to the basis for corporate taxation in the tax laws of the EU Member States. The CCCTB proposal aims to provide for a fully harmonized European tax base for EU-based groups of companies by:

• Pooling cross border losses with profits by consolidating income from members of the group
• Reducing transfer pricing issues by disregarding intra group transactions
• Limiting double tax issues by disregarding intra group restructurings
• Lowering compliance cost by introducing a one-stop-shop for administrative matters

The proposals would have far-reaching impacts on the structuring of European operations, the future of country tax systems, company approaches to tax compliance and approaches to potential tax controversy. This one hour webcast will focus on:

• The content of the 16 March Draft Directive on an EU-wide CCCTB
• The ramifications for US multinationals doing business in the EU
• The likelihood of final adoption throughout the EU
• The potential form of the CCCTB (including application to a subset of the 27 Member States)
• The technical means to evaluate the impact of the CCCTB model to multinationals and how companies can engage in the process

During this live, interactive webcast, you will have the opportunity to ask questions through the website, and the panelists will answer as many of your questions as time permits.

This program will be of interest to vice presidents/directors of tax/international tax/transfer pricing, directors of finance, CFOs, international tax managers and tax accountants looking for the latest practical information and planning ideas to support their global business initiatives. We hope you will be able to join us.

Featured panelists
Jurjan Wouda Kuipers, Ernst & Young LLP (US), Luxembourg Tax Desk, International Tax Services, New York City
Marjorie Rollinson, Ernst & Young LLP (US), National Director of International Tax Services, Washington, D.C.
Tom Neubig, Ernst & Young LLP (US), Director Quantitative Economics and Statistics Group, Washington, D.C.
Klaus von Brocke, Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft Germany, EMEIA Leader of EU Tax Network, Munich

Moderator
Gerrit Groen, Ernst & Young LLP (US), Director of Foreign Tax Desks, New York City

Be sure to inform your tax counterparts in Europe, the Middle East, India and Asia that they can hear more on this topic during another one hour Ernst & Young webcast on Tuesday, 19 April. Click here for details on how to register for The proposal for a Common Consolidated Corporate Tax Base (CCCTB) for Europe webcast.