UK parliamentary committee calls for debate on lawfulness of CCCTB proposals

The UK government has failed to offer an opinion about whether the European Commission’s revised proposals for a common consolidated corporate tax base are compatible with the EU principle of subsidiarity, and members of Parliament should debate a draft reasoned opinion on the proposals, according to a cross-party committee of MPs.

“There is an eight-week deadline to do this — the deadline for this proposal is 3 January 2017,” the House of Commons European Scrutiny Committee, which examines issues arising from EU documents, said on December 9. If enough national parliaments present reasoned opinions, procedures are triggered whereby the commission must review the draft law, it said.

Read more: My news story for Tax Analysts, December 12 (paywall).