The David and Goliath syndrome – facts about the common tax base

There has been so much vague media conjecture on the issue of an EU common consolidated corporate tax base -CCCTB, overwhelmingly voted for in a recent session of the European Parliament, that ones feels the need to clarify things for local tax-payers and investors who may feel, quite understandably, somewhat lost.

The impression that the European Parliament vote in any way means that Malta and the other member states opposing it now have to comply cannot be farther from the truth. Tax matters within the European Union are not governed by the process of codecision between the Council

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