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CCCTB

  • 12-01-2011 11:25am
    #1
    noodler
    Registered Users, Registered Users 2 Posts: 26,727 ✭✭✭✭


    Can anyone explain this to me?

    The understanding I have is as follows:

    A company has offices in Ireland and Germany.

    However, all its "real" business is in Germany (this is where it makes money)

    It then redirects its profits to Ireland and only pays Ireland's lower rate of corporation tax.

    The CCCTB will chnage this.

    Does that about sum it up? Have I miniterpreted? Or is there simply alot more to it?


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