Re-Launch of the Proposal for a Common Consolidated Corporate Tax Base (CCCTB) in the EU : A Shift in Paradigm

The European Commission has recently announced to revisit its earlier draft legislation on CCCTB. The article analyses the CCCTB re-launch and investigates changes in the new policy move. Except that the new CCCTB regime is mandatory for companies, no other significant departure is apparently visible in the ultimate long-term objectives of the revised plan. However, the article argues that there is a remarkable shift in the pursuit of a path towards a CCCTB system. It evaluates the changed course of action against the European constraints and integrational theories as well as the growing global imperatives of contemporary tax policymaking pursuant in particular to the BEPS project. The study concludes that the new direction set forth by the Commission is pragmatic and it is likely that the shift may, for the first time in European history, result in tangible progress on rules for a common tax base in the single market