The European Trade Union Confederation (ETUC) supports a mandatory common consolidated corporate tax base across the European Union.
“A common consolidated corporate tax base (CCCTB) will make aggressive tax planning more difficult” said ETUC Deputy General Secretary Veronica Nilsson, “and remove some incentives to move money around in order to pay less tax, especially through the use of transfer pricing".
The ETUC regrets
- the Commission's proposes a two step process, postponing the consolidation, which will create new loopholes and delay the prevention of profit shifting until the adoption of common and consolidated tax base;
- it is obligatory only for the largest multi-national companies, meaning that national tax bases will remain for other companies.