Proposal for a Common Corporate Tax Base (CCTB): The Case for Foundational Principles

The European Commission has presented a proposal for a Council Directive on a Common Corporate Tax Base (CCTB), which contains a comprehensive approach to harmonizing the rules for calculating the corporate tax base in the European Union. As the existing national rules are based on long-standing systems, critical issues arise in respect of interpretation and legal uncertainty. The present article contains a suggestion to solve this problem by introducing a system of specific European tax principles.