Will Corporate Tax Consolidation Improve Efficiency In The Eu

Author : Albert van der Horst,Leon J. H. Bettendorf,Hugo Rojas-Romagosa
Publisher : Unknown
Page : 98 pages
File Size : 51,7 Mb
Release : 2007
Category : Corporations
ISBN : MINN:31951P01039377X

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Will Corporate Tax Consolidation Improve Efficiency in the EU? by Albert van der Horst,Leon J. H. Bettendorf,Hugo Rojas-Romagosa Pdf

Consolidation of the tax base in the European Union is expected to curve compliance costs and reduce prodit shifting. A number of proposals for consolidation from the European Commission are simulated wirh the aplied general equilibrim model CORTAX. We show that benefits from consolidation are offset by two weaknesses in theproposals for a common consolidated tax base. Formula apportionment, which is neede to allocate the cosolidated taxable profits across jurisdiction, creates new tax planning possibilities for MNEs and allows them to benefit from existing tax rate differentials in the European Union. In addition, it triggers tax competition as member states may attract foreign investment by reducing their tax rates. the socond distorition is an unlevel playing field, which is introduced if only part of the firm participate in the consolidation. The gains from consolidation can be fully grasped if it is obliged for all firms and is it is accompanied by a harmonisation of the tax rate.

Author : Veronika Solilova,Danuse Nerudova
Publisher : Springer
Page : 193 pages
File Size : 43,9 Mb
Release : 2017-10-31
Category : Business & Economics
ISBN : 9783319690650

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Transfer Pricing in SMEs by Veronika Solilova,Danuse Nerudova Pdf

This book provides a detailed assessment of current approaches to transfer pricing in the context of small- and middle-sized enterprises (SMEs), including the newest update of Transfer Pricing Guidelines from 10 July 2017. It analyzes the transfer pricing rules for SMEs across the European Union (EU) and explores two alternative approaches as suitable solutions for current transfer pricing issues. The authors evaluate and discuss alternative approaches like Safe Harbour and Common Consolidated Corporate Tax Base (CCCTB). Taking into account the prominent role of SMEs in the European Union’s economy, the book also puts forward policy recommendations to achieve the long-term goals of the EU’s 2020 agenda.

Author : D. Pîrvu
Publisher : Springer
Page : 250 pages
File Size : 48,7 Mb
Release : 2012-08-13
Category : Business & Economics
ISBN : 9781137000910

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Corporate Income Tax Harmonization in the European Union by D. Pîrvu Pdf

Through the arguments for corporate tax harmonization in the EU and describing the current stage of this process, the legislative rules which are insufficient to solve the many problems implied by the proper functioning of the Single Market, are revealed. The book also exposes the issues involved in the consolidation of the corporate tax base.

Author : Wolfgang Schön,Ulrich Schreiber,Christoph Spengel
Publisher : Springer Science & Business Media
Page : 196 pages
File Size : 52,9 Mb
Release : 2008-04-24
Category : Law
ISBN : 9783540794844

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A Common Consolidated Corporate Tax Base for Europe – Eine einheitliche Körperschaftsteuerbemessungsgrundlage für Europa by Wolfgang Schön,Ulrich Schreiber,Christoph Spengel Pdf

Preface This book contains the proceedings of the International Tax Conference on the c- th th mon consolidated corporate tax base (CCCTB) that was held in Berlin on 15 – 16 may 2007. The conference was jointly organised by the German Federal Ministry of Finance, the Centre for European Economic Research (ZEW), Mannheim, and the Max Planck Institute (MPI) for Intellectual Property, Competition and Tax Law, Munich. More than 250 participants from all over Europe and other regions, scholars, politicians, business people and tax administrators, discussed the Eu- pean Commission’s proposal to establish a CCCTB. Three panels of tax experts evaluated the common tax base with respect to structural elements, consolidation, allocation, international aspects and administration. The conference made clear that the CCCTB has the potential to overcome some of the most intriguing problems of corporate income taxation within the Common Market. Common tax accounting rules substantially reduce compliance and administrative costs. Consolidation of a group’s profits and losses effects cro- border loss compensation which removes a major tax obstacle for European cro- border investment. At the same time, tax planning with respect to financing and transfer pricing is pushed back within the European Union. Moreover, as far as the CCCTB applies, member states are able to remove tax provisions that are targeted at cross border tax evasion and that might be challenged by the jurisdiction of the Eu- pean Court of Justice.

Author : Anuschka Bakker
Publisher : IBFD
Page : 525 pages
File Size : 43,8 Mb
Release : 2009
Category : Corporate reorganizations
ISBN : 9789087220556

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Transfer Pricing and Business Restructurings by Anuschka Bakker Pdf

This book highlights the main tax issues that arise when business restructurings take place. It provides fundamental information about the drivers of business restructurings and business models, examines the application of Art. 9 of the OECD Model Convention, and considers not only the direct tax issues in business restructuring, but also VAT and customs duties. It gives practical insights into the tax accounting treatment of business restructurings, OECD work in progress and the effect of the EU tax system, and includes a case study concerning the restructuring of a manufacturing operation, which is analysed from the perspective of key industrial jurisdictions, along with an examination of current practice.

Author : Tim Callan
Publisher : ESRI
Page : 79 pages
File Size : 43,9 Mb
Release : 2007
Category : Budget
ISBN : 9780707002583

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Budget Perspectives 2008 by Tim Callan Pdf

Reviews the Irish economic situation during the period 1960-2006 and prospects until 2008. Suggests that fiscal policy should adjust to the current economic growth rate. Examines the support of pensions, either by the State or through tax relief, with a view to avoid income poverty. Discusses tax treatment of corporate income with respect to a welfare perspective at both aggregate-EU and individual-country levels.

Author : George Gelauff,Isabel Grilo,Arjan Lejour
Publisher : Springer Science & Business Media
Page : 351 pages
File Size : 53,9 Mb
Release : 2008-04-03
Category : Political Science
ISBN : 9783540772644

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Subsidiarity and Economic Reform in Europe by George Gelauff,Isabel Grilo,Arjan Lejour Pdf

Subsidiarity in the European Union, as the guiding principle of decision-making "close to the people", is often motivated and discussed from a predominantly political perspective. In this book, experts draw the demarcation between national and European policies from an economic viewpoint. Insights from economic theory and empirical research are used both to analyse the assignment of policies between the EU and its member states and to identify appropriate levels of decision-making.

Author : Mark Bowler Smith
Publisher : IBFD
Page : 267 pages
File Size : 43,8 Mb
Release : 2013
Category : Corporations
ISBN : 9789087221867

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The Taxing Road to Sustainable Growth: Resource Productivity and Corporate Taxation by Mark Bowler Smith Pdf

This book explores one way in which a tax system might help promote competitiveness and sustainable development. Focusing on the UK corporation tax, it recommends the introduction of a Resource Productivity Tax Credit, where resource productivity is defined as the money value of outputs relative to the money value of material resource and non-renewable energy inputs. The book is structured such that it first explores the legal mandate to promote competitiveness and sustainable development as contained in article 3(3) of the Treaty of the European Union. It then explores what competitiveness and sustainable development actually mean, particularly in an EU policy context, through the lenses of Europe 2020 and the EU Sustainable Development Strategy. It concludes that not only is there a great deal of common ground between competitiveness and sustainable development, as objectives, but that increasing resource productivity is a necessary means to those shared ends. After exploring EU tax policy and the relevant rules of the UK corporation tax for evidence of any kind of focus on competitiveness and sustainable development, as well as examining the suitability of corporate income taxes as policy instruments for increasing resource productivity, the book concludes that there is ample scope for a statutory tax incentive to be appended to the UK corporation tax to help fulfil the article 3 mandate. The headline objective of the Resource Productivity Tax Credit is to promote higher resource productivity in the trading activities of individual companies, in particular targeted sectors, through improvements to the knowledge base of those companies rather than through the increased use of raw materials, non-renewable energy and/or intermediate goods.

Author : Malcolm Gammie
Publisher : CEPS
Page : 137 pages
File Size : 52,6 Mb
Release : 2005
Category : Business & Economics
ISBN : 9789290795995

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Achieving a Common Consolidated Corporate Tax Base in the EU by Malcolm Gammie Pdf

"This report offers a positive assessment of the basic compatibility of IFRS and tax principles. It also provides constructive information and guidance to the European Commission to identify the elements of member states' tax systems that must be considered to achieve convergence to a CCCTB from the starting point of IFRS. The Task Force also emphasises, however, that a common corporate tax base among member states is not enough. Any CCCTB should be compatible with the EU's Lisbon objectives. And to meet those objectives, there needs to be a single common tax base with consolidation and allocation, in a form that is competitive, efficient and flexible."--BOOK JACKET.

Author : Antony Ting
Publisher : Cambridge University Press
Page : 339 pages
File Size : 54,9 Mb
Release : 2013
Category : Business & Economics
ISBN : 9781107033498

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The Taxation of Corporate Groups Under Consolidation by Antony Ting Pdf

Antony Ting presents the first comprehensive comparative study of the tax consolidation regimes adopted in eight countries.

Author : Dennis Weber,Jan van de Streek
Publisher : Kluwer Law International B.V.
Page : 272 pages
File Size : 53,6 Mb
Release : 2016-04-24
Category : Law
ISBN : 9789041192684

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The EU Common Consolidated Corporate Tax Base by Dennis Weber,Jan van de Streek Pdf

In October 2016, the European Commission relaunched its plan to harmonize national income tax systems via the Common Consolidated Corporate Tax Base (CCCTB), perhaps the most ambitious reform of EU tax law ever attempted. This timely book offers an early analysis of this important proposal and its implications, covering issues such as the project’s scope and main elements, international considerations, the relationship with OECD’s base erosion and profit shifting (BEPS) initiative, consolidation, and anti-abuse rules. With carefully selected papers first presented at a January 2017 conference hosted by the Amsterdam Centre for Tax Law, this volume focuses on such topics and issues as the following: – ways in which the proposed CCCTB is designed to preserve the competence of Member States to set their own tax rates; – reduction of the administrative burden for multinational companies; – incentives for research and development; – automatic cross-border relief within the EU; – detailed analysis of the proposal’s formula apportionment regime; – proposed new controlled foreign company (CFC) rules; and – interest limitation rule. Because of the commitment of many Member States to keep their corporate income tax systems competitive on a stand-alone basis, the proposed CCCTB is enormously controversial. This book provides authoritative insights into problems likely to arise and discusses the prospects of how the proposal is likely to be implemented. Thus, this book proves to be of immeasurable value to taxation policymakers, practitioners, and academics.

Author : OECD
Publisher : OECD Publishing
Page : 82 pages
File Size : 41,5 Mb
Release : 1998-05-19
Category : Electronic
ISBN : 9789264162945

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Harmful Tax Competition An Emerging Global Issue by OECD Pdf

Tax competition in the form of harmful tax practices can distort trade and investment patterns, erode national tax bases and shift part of the tax burden onto less mobile tax bases. The Report emphasises that governments must intensify their cooperative actions to curb harmful tax practices.

Author : Anonim
Publisher : World Business Pub.
Page : 0 pages
File Size : 46,8 Mb
Release : 2004
Category : Business enterprises
ISBN : 1569735689

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The Greenhouse Gas Protocol by Anonim Pdf

The GHG Protocol Corporate Accounting and Reporting Standard helps companies and other organizations to identify, calculate, and report GHG emissions. It is designed to set the standard for accurate, complete, consistent, relevant and transparent accounting and reporting of GHG emissions.

Author : International Monetary Fund. European Dept.
Publisher : International Monetary Fund
Page : 59 pages
File Size : 48,7 Mb
Release : 2017-03-23
Category : Business & Economics
ISBN : 9781475587883

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Slovak Republic by International Monetary Fund. European Dept. Pdf

Slovakia is an economic success story. Sustained convergence since 1995 has lifted real per capita GDP to over 70 percent of the European Union average. The post-crisis recovery has been one of the most robust in Europe and GDP growth is projected to pick up further in the medium term, in part from additional foreign investment in the automotive industry. However, with regional disparities and aging pressures among the most severe in Europe, significant challenges remain. The banking sector also faces vulnerabilities from very high exposure to the real estate sector.

Author : Karel Lannoo
Publisher : Ceps
Page : 32 pages
File Size : 48,6 Mb
Release : 2002
Category : Corporations
ISBN : 9290793783

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An EU Company without an EU Tax? by Karel Lannoo Pdf