The European Commission has published a working paper entitled, Taxation paper No 69: Towards a European R&D Incentive? An assessment of R&D Provisions under a Common Corporate Tax Base. The paper provides an overview of the effect and the need for R&D incentives in relation to the proposal for a Common Consolidated Corporate Tax Base in the EU. The proposal includes a two-step approach that would begin with a Council Directive on a Common Corporate Tax Base (CCTB), which include…