Business: Taxation

House of Lords written question – answered on 28th July 2014.

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Photo of Lord Stoddart of Swindon Lord Stoddart of Swindon Independent Labour

To ask Her Majesty’s Government whether a common European Union corporate tax base, as proposed by Jean-Claude Juncker during his meeting with the Green group of the European Parliament, would require unanimous agreement; and what is their assessment of such a measure.

Photo of Lord Deighton Lord Deighton The Commercial Secretary to the Treasury

Legislative proposals by the Commission in the area of business taxation, including the proposal for a common consolidated corporate tax base (CCCTB), require unanimous agreement by Member States.

The Government has informed the Commission of its view the CCCTB proposal does not adhere to the Treaty requirements of subsidiarity and proportionality; and that there are significant shortcomings in the assessment of the impact of the proposal on the UK. Negotiations are expected to continue under the Italian Presidency.

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