Munich Associate Andreas Eggert Awarded Prestigious International Tax Law Prize

Munich Associate Andreas Eggert Awarded Prestigious International Tax Law Prize

We are pleased to announce that Andreas Eggert, associate in our Munich tax team, will be awarded the Mitchell B. Carroll Prize by the International Fiscal Association (IFA) for his recent PhD thesis on the Common Consolidated Corporate Tax Base (CCCTB).

The Mitchell B. Carroll Prize is among the most prestigious awards in international tax law, awarded for work dealing with international fiscal questions, comparative fiscal law or local fiscal law with the emphasis on the relationships with the fiscal law of foreign jurisdictions. Competition for the Prize is open to lawyers, accountants and economists.

The CCCTB is a single set of rules that companies operating within the EU could use to calculate their taxable profits. This would commit a company or qualifying group of companies to comply with just one EU system for computing its taxable income, rather than using different rules in each Member State in which they operate.

In addition, under the CCCTB, groups using it would be able to file a single consolidated tax return for the whole of their activity in the EU. The consolidated taxable profits of the group would be shared out to the individual companies by a simple formula so that each Member State can then tax the profits of the companies in its State at the tax rate that each Member State chooses.

The CCCTB remains at a rather early stage. However, it is continuing to attract a lot of attention from European corporate groups.

Andreas completed his thesis while studying at the Max Planck Institute in Munich. Read their announcement of Andreas' award online here.

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