Company Tax Reform in the European Union
The European Commission recently proposed to move towards a consolidated tax base for European multinational companies, to be allocated across EU member states through a system of formula apportionment. This paper argues that while the Commission's blueprints for company tax reform may reduce e...
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| Veröffentlicht in: | International tax and public finance 2004, Vol.11 (1), p.91-115 |
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| container_title | International tax and public finance |
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| creator | Sørensen, Peter |
| description | The European Commission recently proposed to move towards a consolidated tax base for European multinational companies, to be allocated across EU member states through a system of formula apportionment. This paper argues that while the Commission's blueprints for company tax reform may reduce existing problems of transfer pricing, they will also create new distortions as long as existing tax rate differentials are maintained. The paper also investigates the changes in international tax spillovers which will occur as a result of a switch from the current system of separate accounting to formula apportionment. The final part of the paper discusses whether more conventional corporate tax harmonization should still be a long term policy goal for the EU and presents quantitative estimates of the efficiency gains from harmonization. Copyright Kluwer Academic Publishers 2004 |
| doi_str_mv | 10.1023/B:ITAX.0000004778.63592.96 |
| format | Article |
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| identifier | ISSN: 0927-5940 |
| ispartof | International tax and public finance, 2004, Vol.11 (1), p.91-115 |
| issn | 0927-5940 1573-6970 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_37838523 |
| source | RePEc; SpringerLink Journals - AutoHoldings |
| subjects | Apportionment Approximation corporate tax reform in the EU Corporate taxation Corporate taxes Costs Economic activity Europe European Union Finance Fiscal policy formula apportionment Harmonization International taxation Multinational corporations Public expenditure Public finance Studies Tax base tax harmonization Tax rates Tax reform Taxation Transfer pricing |
| title | Company Tax Reform in the European Union |
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