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Brussels, 19 April 2012

Statement following the vote on the CCCTB Directive in the EP Plenary

Following the vote on the Common Consolidated Corporate Tax Base at the EP Plenary today, Commissioner Šemeta said:

"I welcome the Parliament's very strong support for this proposal which will save EU businesses billions of euros and help attract more foreign investors into Europe.

I would like to thank in particular Marianne Thyssen for the work she has put into this file.

A Common Consolidated Corporate Tax Base (CCCTB) will eliminate huge administrative burdens, heavy compliance costs and legal uncertainties that companies currently face when operating in more than one Member State.

In offering businesses the option of a simpler, common set of rules for calculating their tax base, the CCCTB will improve our corporate environment and encourage enterprise, innovation, investment and growth.

Businesses have been calling for the CCCTB to be introduced as quickly as possible.

The European Parliament has today given its backing.

It is now up to Member States to keep up the momentum and adopt this proposal, which not only reflects the spirit of the Single Market but is also an essential element in our growth agenda for Europe."

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