European Commission and Directorate-General for Taxation and Customs Union 25 October 2016, Proposal for a COUNCIL DIRECTIVE on a Common Corporate Tax Base

EUROPEAN COMMISSION Strasbourg, 25.10.2016 COM(2016) 685 final 2016/0337(CNS) Proposal for a COUNCIL DIRECTIVE on a Common Corporate Tax Base {SWD(2016) 341 final} {SWD(2016) 342 final} EXPLANATORY MEMORANDUM 1.CONTEXT OF THE PROPOSAL •Reasons for and objectives of the proposal On 16 March 2011, the Commission proposed a Directive for a Common Consolidated Corporate Tax Base (CCCTB).