The CCCTB is a system designed for every size of company. Bearing in mind that small-and-medium-sized enterprises are the backbone of the European economy, Šemeta says he has made great efforts to ensure that their proposal is accessible to SMEs as well as to large corporations.

The CCCTB will be optional for companies, meaning that they will be able to decide for themselves whether they think it is worth their while using it, or whether they would prefer to stay within the national system.

When it comes to the benefits of the common consolidated corporate tax base, the figures speak for themselves: "Our studies show that the CCCTB will save companies across the EU up to €2 billion every year, through consolidation and reduced compliance costs. In addition, it will reduce costs for companies looking to expand cross- border by up to 1 billion euro. It should therefore come as no surprise to you that the vast majority of European businesses have already expressed strong support for a CCCTB in Europe."

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