A working group of the European Council has been discussing the technical aspects of a common consolidated corporate tax base (CCCTB) in the EU. Even if a decision to go ahead may not be imminent, multinational companies should not miss out on the opportunities a CCCTB may present, says Cristina Stiefken of the London School of Economics.
Unlock this content.
The content you are trying to view is exclusive to our subscribers.
The EU has seemingly capitulated to the US’s ‘side-by-side’ demands. This may be a win for the US, but the uncertainty has only just begun for pillar two
ITR’s most prolific stories of the year charted public pillar two spats, the continued fallout from the PwC Australia tax leaks scandal, and a headline tax fraud trial
The climbdowns pave the way for a side-by-side deal to be concluded this week, as per the US Treasury secretary’s expectation; in other news, Taft added a 10-partner tax team
Foreign companies operating in Libya face source-based taxation even without a local presence. Multinationals must understand compliance obligations, withholding risks, and treaty relief to avoid costly surprises
Tax professionals are still going to be needed, but AI will make it easier than starting from zero, EY’s global tax disputes leader Luis Coronado tells ITR