Sinn Fein MEP Matt Carthy has written to Commission President Jean-Claude Juncker requesting the Commission immediately carry out a new impact assessment study on its proposed Common Corporate Tax Base (CCTB) and Common Consolidated Corporate Tax Base (CCCTB) proposal.
Recently the European Parliament voted on reports to amend but ultimately support the Commission’s proposals, which Carthy and the three other Sinn Fein MEPs voted against.
Matt Carthy has sent a letter to President Juncker, which was supported by 22 other MEPs from the Left (GUE/NGL) group, calling for a new impact assessment of the proposals to be carried out.
Carthy, a member of the new TAX3 special committee and GUE/NGL co-shadow rapporteur on the CCCTB proposal, said: “Following the vote last week in Strasbourg, where a majority voted to proceed with the Commission’s proposals on the C(C)CTB, we have urged the Commission to immediately carry out a new impact assessment based on reliable data.
“Last year, my group in the European Parliament commissioned a study by academic experts associated with the Tax Justice Network on the impact of the C(C)CTB proposal, which found that the data limitations of the database used by the Commission in its impact assessment were ‘serious… and should be treated with significant caution’. The authors argued that the proceed with such a major proposal on the basis of out-of-date and unreliable data would be deeply irresponsible.
“I am in full agreement that making such a sweeping change to the corporate tax system in the EU without having availed of the new and comprehensive data source provided by an OECD standard of country-by-country reporting would be utterly irresponsible.
“We need a more realistic and accurate impact assessment. Together with many other MEPs I have written to President Juncker to instruct the Commission to carry out such an impact assessment immediately.”