News Article - 26 October 2006
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Almost half of European tax directors think that a common consolidated corporate tax base (CCCTB) would increase business tax rates, a poll has found.

Research by PricewaterhouseCoopers also found that the majority of tax heads of multinational companies based in Europe believed that the introduction of a CCCTB would be bad for business, Accountancy Magazine reports.

The poll's findings came as part of the firm's global tax symposium.

Results precede a European Commission proposal on a CCCTB to be given to the European Council of Finance Ministers and the European Parliament in around two years times.

Earlier this month, PricewaterhouseCoopers conducted a study entitled What Directors Think, finding that 47 per cent of business directors sit on one company board and 78 per cent sit on one or two.

Catherine Bromilow, a partner with PricewaterhouseCoopers and US leader of its Corporate Governance Group, said that directors were limiting the amount of boards they sat upon to devote sufficient attention to each.

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