A common consolidated corporate tax base in the European Union - a beauty or a beast in the quest for tax simplicity?

This article analyses the scope for simplicity in the context of a "common consolidated corporate tax base" (CCCTB). What are the opportunities and what are the challenges? The article considers the prospects of simplifying or removing the complex rules currently dealing with e.g. transfer pricing, double taxation and asset depreciation. It also focuses on the possibilities of reducing the compliance costs for companies operating within the EU and addresses the risk of new complexities.