Did the European Commission hit on the idea of the century when it proposed that the EU set in place a common consolidated corporate tax base (CCCTB)? The Independent Commission for the Reform of International Corporate Taxation (ICRICT), whose members include economists Thomas Piketty, Joseph Stiglitz and Gabriel Zucman and MEP Eva Joly (Greens/EFA), published a roadmap on Tuesday 6 February, calling for a similar system at international scale.
ICRICT considers that the OECD's plan to...