Common Corporate Tax Base and IAS: Difference between pages

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imported>Doug Williamson
(Create the page: http://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2017)595907)
 
(Update for IAS 17.)
 
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(CCTB).
International Accounting Standard(s).


''EU''


The European Commission proposed in March 2011 the Common Consolidated Corporate Tax Base (CCCTB). A single set of harmonised rules for calculating taxable profits, to replace the current different, national corporate tax rules in each EU Member State.
''Certain International Accounting Standards have been withdrawn or superseded, including:


A purpose of the common tax base would be to make tax competition among Member States more transparent.
''IAS 3, IAS 4, IAS 5, IAS 6, IAS 9, IAS 11, IAS 13, IAS 14, IAS 15, IAS 17, IAS 18, IAS 22, IAS 25, IAS 30, IAS 31, IAS 35, IAS 39.''


After consultation the common consolidated corporate tax base (CCCTB) project was re-launched in a two-step approach, with the publication on 25 October 2016 of two new interconnected proposals:


* on a common corporate tax base (CCTB), and
== See also ==
* on a common consolidated corporate tax base (CCCTB).
* [[EFRAG]]
 
* [[FAS]]
Building on the 2016 CCTB proposal, the 2016 CCCTB proposal introduced the consolidation aspect of this double initiative.
* [[Financial statements]]
 
* [[Financial Reporting Standard]]  (FRS)
The 2016 CCTB provides for the determination of a single set of rules for calculation of the corporate tax base. Companies operating across borders in the EU would no longer have to deal with 28 different sets of national rules when calculating their taxable profits. The intention is that the proposed CCTB is a step on the way towards re-establishing the link between taxation and the place where profits are made, via an apportionment formula to be introduced through the new CCCTB proposal.
* [[Generally accepted accounting principles]]  (GAAP)
 
* [[International Accounting Standards]]  (IAS)
 
* [[International Financial Reporting Standards]]  (IFRS)
== See also==
* [[Statement of financial accounting standard]]
* [[Common Consolidated Corporate Tax Base]]
* [[Statement of Standard Accounting Practice]] (SSAP)


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

Latest revision as of 10:49, 5 October 2023

International Accounting Standard(s).


Certain International Accounting Standards have been withdrawn or superseded, including:

IAS 3, IAS 4, IAS 5, IAS 6, IAS 9, IAS 11, IAS 13, IAS 14, IAS 15, IAS 17, IAS 18, IAS 22, IAS 25, IAS 30, IAS 31, IAS 35, IAS 39.


See also