Following the meeting held 23 January 2017, the Council of the European Union published their recommendation on the economic policy of the euro area, including that work should be continued on the Common Consolidated Corporate Tax Base (CCCTB). However, the proposal for the CCCTB is likely to be changed, with the Bulgarian Presidency of the EU reportedly planning to begin separating out certain controversial aspects of the first phase of the CCCTB, which is the Common Corporate Tax Base (CCTB). This may include removing rules regarding deductions, exemptions, and allowances, as well as giving individual Member States control over the...