The 11th meeting of the CCCTB Working Group took place on Thursday, 27 September. The working papers from the meeting are available at
http://ec.europa.eu/taxation_customs/taxation/company_tax/common_tax_base/article_4381_en.htm.

At the recent meeting of the ECO section of the European Economic and Social Committee, Commissioner Kovacs provided an update on what he described as “the most important direct tax project the Commission is preparing: the CCCTB”.

The Commissioner is persisting with his objective to submit a legislative proposal in 2008. He advised the Committee that their opinion on the following issues would be most welcome:

• the consolidation component of the CCCTB and the necessary fair and equitable sharing mechanism and its impact on Member States’ revenues;
• the optional nature of the CCCTB;
• the treatment of the financial sector;
• the administrative and judicial framework for the CCCTB.

A copy of the Commissioner's address is available at
http://ec.europa.eu/commission_barroso/kovacs/speeches/EESC_speech_brussels8oct07.pdf.