On Wednesday 20 September, the European Economic and Social Committee was officially the first European body to adopt its position on the proposals to create a common consolidated corporate tax base (CCCTB) in the EU.
The report, which was headed up by Michael McLoughlin of Ireland, argues that the member states should reflect on “whether to exclude intellectual property on the formulary apportionment” of the CCCTB's tax on profits. Under the Commission's proposal, member states could...