Examples of using CCCTB in English and their translations into Czech
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Official
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Colloquial
Subject: Common Consolidated Corporate Tax Base CCCTB.
It says that the CCCTB should aim at removing fragmentation for business.
But, in the end, we need a very large solution and CCCTB.
One of the things we are told about CCCTB is that it will be more efficient and that it will simplify matters.
However, we do not see the case for including reference to the CCCTB in this report.
If the CCCTB is optional, it merely increases the number of bases available to companies and makes the system even more complex.
So, no single Member State would be forced to accept the CCCTB and to use it.
The Fine Gael MEPs believe an EU CCCTB would lead eventually to the establishment of a single tax rate in Europe and are strongly against it.
Member of the Commission.- An impact assessment of the Common Consolidated Corporate Tax Base(CCCTB) is currently being carried out.
A number of alternative policy options,including the CCCTB, that could address the obstacles will be analysed and their respective economic, environmental and social impacts assessed.
I am disappointed that the same author referred to the Common Consolidated Corporate Tax Base(CCCTB) in the explanatory memorandum.
We voted against CCCTB, but we did not vote against the entire report because we did not want to retard the sort of support that is needed for SMEs, and I am glad of the opportunity to put that on record.
I would have hoped that there would be global recognition at this stage that the CCCTB proposal is badly thought out and ill-advised.
The proposed solution is still transitional andtemporary because the only perfect solution is a Common Consolidated Corporate Tax Base CCCTB.
I do not accept that the Common Consolidated Corporate Tax Base(CCCTB) will not hamper EU competitiveness as proposed in the Toubon report.
In March, the European Parliament approved the text of a directive on the common corporate tax base(CCTB) anda directive on the common consolidated corporate tax base CCCTB.
As suggested in the report,I can assure you that we are continuing efforts on the CCCTB and on the coordination of Member States' direct tax systems.
The question of taxation is within the competence of the individual Member States and the Irish Government has the right to use its power of veto in relation to any tax measures,including CCCTB.
Firstly, you all know that my services are working very hard to table a legislative proposal on the CCCTB which I intend to present to you after the summer break in 2008.
The question of taxation is within the competence of the individual Member States and the Irish Government has the right to use its power of veto in relationto any tax measures, including CCCTB.
Can the Commission give us more details about this impact assessment andconfirm that if it proves unfavourable to the CCCTB proposal the Commission will shelve the plans for such a legislative proposal?
Madam President, there are a lot of good things in this report but I simply cannot support paragraph 35 which calls for the introduction of a common consolidated corporate tax base CCCTB.
However, particular attention needs to be given to the negative impact that a CCCTB could have on small countries such as Ireland, whose prosperity and employment levels depend to a large extent on its capacity to attract foreign investment.
We need to make sure that we have aneffective corporate contribution- effective, not just on paper- and that means CCCTB country-by-country reporting, etc.
However, particular attention needs to be given to the negative impact that a CCCTB could have on small countries such as Ireland, whose prosperity and employment levels depend, to a large extent, on its capacity to attract foreign investment.
In November, the Czech Ministry of Finance invited the professional public to consult on both proposed directives: the CCCTB Directive, and the CCTB Directive.
However, particular attention needs to be given to the negative impact that a CCCTB could have on small countries such as Ireland, whose prosperity and employment levels depend, to a large extent, on its capacity to attract foreign investment.
It does seem a little bit strange since, at the core of the EU, we have the free movement of goods; therefore we would end up, if we use CCCTB, by penalising exporting countries.
As it is currently proposed, CCCTB would mean the redistribution of European profits across the EU, so a country like Ireland, which exports a lot of what it produces, would be penalised because the profits, of course, would be at the point of sale.
Also, there have been a number of other assessments- not, obviously,carried out by the Commission- which have shown that, in many ways, CCCTB would collapse under its own weight.
