IMPLEMENTATION OF THE COMMON CONSOLIDATED CORPORATE TAX BASE? ITS IMPACT ON THE EU M

The Common Consolidated Corporate Tax Base for the companies aims to harmonize the taxation base for the companies within the European Union, which will re-launch the single market ands upport the accomplishment of the Europe 2020 Strategy. An important objective of the Common Consolidated Corporate Tax Base is to increase the correctness of the fiscal system by approaching some cause of tax avoidance by the multinational companies. The added value of the Common Consolidated Corporate Tax Base consists in a higher mobility of capitals within the European Union by decreasing the costs of ensuring the conformity and the cross-border fiscal obstacles. The Common Consolidated Corporate Tax Base will make the European Union more attractive for investments and business, because the investors are no longer required to analyse the dispositions of several fiscal systems when investing in the European Union, which will decrease the compliance costs and the administrative costs as well. At the same time, the Common Consolidated Corporate Tax Base improves the transparency about the real situation of levying the companies from the member states and establishes a more fair fiscal competition within the EU, which increases EU competitiveness worldwide.