Abstract
The European Union is moving ahead, albeit slowly, towards a proposed system to harmonize corporate income tax bases for companies operating in EU member states. Beginning with several broad proposals,1 discussions have become focused on the adoption of a common consolidated corporate tax base that would be similar to that used in Canada and the United States to integrate corporate tax bases.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
See European Commission, Company Taxation in the Internal Market, Commission staff working paper, Office of Official Publications of the European Communities, Luxembourg, 2002.
See Mintz/Smart, Journal of Public Economics 2004, pp.1149–1168.
See Mintz, International Tax and Public Finance, 2004, pp. 221–234.
See European Commission, “An overview of the main issues that emerged during the discussion on the mechanism for sharing the CCCTB,” CCCTB\WP\052\doc\en, Working Document, February 27, Brussels 2007.
See McLure, The long shadow of history: sovereignty, tax assignment, legislation and juridical decisions on corporate income taxes in the US and the EU, mimeograph, Hoover Institute, California, 2006. And see Martens-Weiner, Company Tax Reform in the European Union, New York, 2006.
The small business sector (companies with less than $15 million in assets) comprises about a third of corporate taxable income. That implies a relatively high degree by which large companies allocate income across two provinces or more rather than operate separate corporations by province. See Technical Committee on Business Taxation, Report, Finance Canada, Ottawa, 1998.
Devereux and Loretz have estimated that an option to join the common base would reduce corporate tax revenues by 1 percent. A requirement to be subject to the common base would increase revenues by 8 percent. See Devereux/Loretz, The Effects of Formula Apportionment on Corporate Tax Revenues,” WP 06/07, Oxford University Centre for Business Taxation, 2007.
See Mintz/Weiner “Exploring formula allocation for the European Union,” International Tax and Public Finance 2003, pp. 695–711.
Devereux/ Loretz, The Effects of Formula Apportionment on Corporate Tax Revenues,” WP 06/07, Oxford University Centre for Business Taxation, 2007.
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2008 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Mintz, J. (2008). Europe Slowly Lurches to a Common Consolidated Corporate Tax Base: Issues at Stake. In: Schön, W., Schreiber, U., Spengel, C. (eds) A Common Consolidated Corporate Tax Base for Europe — Eine einheitliche Körperschaftsteuerbemessungsgrundlage für Europa. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-79484-4_7
Download citation
DOI: https://doi.org/10.1007/978-3-540-79484-4_7
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-79483-7
Online ISBN: 978-3-540-79484-4
eBook Packages: Humanities, Social Sciences and LawLaw and Criminology (R0)