ARTICLE · 29 SEPTEMBER 2008

Kovacs Postpones CCCTB Proposals

Dorsey & Whitney LLP

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Paul Farmer, the former Head of DG Taxud's Tax Policy Unit, gives his personal take on the news.

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Simon Whitehead

Paul Farmer, the former Head of DG Taxud's Tax Policy Unit, gives his personal take on the news.

In a speech to the International Fiscal Association's Annual Congress this week Commissioner Kovacs announced the delay of the common consolidated corporate tax base (CCCTB) proposal. The proposal had been due in September of this year. He stated that he would rather present a "perfectly elaborated and well justified product at the appropriate time than present an incomplete one just to meet an artificial deadline". At the same time he confirmed that he remained fully committed to the project and would present it to the Commission once the impact assessment and the proposal were properly ready.

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