Ultimately, the process should be one that has the greatest likelihood of creating a set of rules regarding a common tax base that will be consistently applied.
It is unlikely that these issues will disappear even if a common tax base is introduced.
If only a limited number of companies use IAS, is it appropriate to design a common tax base around IAS?
Since the statutory accounts generally form the basis for the tax accounts, with dependency varying among Member States, adoption of a common tax base utilizing IAS to any degree will be greatly simplified if the Member States allow the use of IAS for statutory accounts.
In sum, using IAS as a starting point for a common tax base follows naturally from the use of IAS for local statutory accounts.
Which of the two approaches is preferable--adjusting IAS consolidated accounts to arrive at a consolidated tax base or creating a tax specific method of consolidating the accounts of individual subsidiaries?
This question concerns the implications of an IAS regulation specifically directed at consolidated accounts and a significant attraction of a common tax base consolidation.
Assuming a common tax base is established for subsidiary accounts, the common tax accounts of individual EU subsidiaries could be more readily applied.
Is "dependency" sustainable if a common tax base is adopted across the EU?
Cascading adjustments of the tax base solely for the sake of dependency, however, would be ill- advised.
the Commission's internal 1988 paper regarding guidelines for a tax base.