Common Corporate Tax Base in the EU: Impact on the Size of by Christoph Spengel

By Christoph Spengel

The eu fee envisages declaring an offer for a tax reform that may enable bettering the potency and ease of the company source of revenue tax structures. This record assesses the influence of a standard company Tax Base (CCTB) at the measurement of the company tax bases of european businesses. the result of the file shall support to guage the industrial outcomes of the advent of a harmonised set of tax accounting ideas. The estimates are in keeping with the ecu Tax Analyzer with facts from the 12 months 2006 and follow thoughts laid out in the Commission’s steerage Group.

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Extra info for Common Corporate Tax Base in the EU: Impact on the Size of Tax Bases and Effective Tax Burdens

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The assumed foreign tax rate is 30%. − Loss relief (H): The CCTB option is an indefinite carry forward of losses without the possibility for loss carry back within a single company. This option stands in contrast to a limitation of loss carry forward in some member states. e. there are no consolidation features in the model). Each of these eight elements (A-H) could be either combined separately or simultaneously in order to define a CCTB. For the assessment of the impact of common tax accounting rules on the size of the tax base and tax burden, it is assumed that all member states uniformly adopt all common rules (Option I).

Besides corporate income tax, all member states, except Malta and Slovenia, levy real estate tax. The impact of real estate taxes on the overall tax burden is generally not significant. It is comparatively high in Belgium, Denmark, Ireland, Latvia, Lithuania, and in the United Kingdom, however. In these countries, the share of real estate tax in the overall tax burden amounts to more than 9%. 2 Analysis of EU-Average Large Corporations 33 Figure 4: Comparison of effective tax burdens according to current taxation practice – Deviation from the EU average in % (large company, corporate level, 10 periods) IE BG EE RO LV CY SK PL LT CZ FI PT SE GR SL NL LU DK BE UK AT MT ES HU IT DE FR -60% -40% -20% 0% 20% 40% 60% 80% 100% 120% Additional taxes are imposed in Austria, Cyprus, France, Germany, Hungary, Italy, Luxembourg, Spain and Slovenia.

The impact of real estate taxes on the overall tax burden is generally not significant. It is comparatively high in Belgium, Denmark, Ireland, Latvia, Lithuania, and in the United Kingdom, however. In these countries, the share of real estate tax in the overall tax burden amounts to more than 9%. 2 Analysis of EU-Average Large Corporations 33 Figure 4: Comparison of effective tax burdens according to current taxation practice – Deviation from the EU average in % (large company, corporate level, 10 periods) IE BG EE RO LV CY SK PL LT CZ FI PT SE GR SL NL LU DK BE UK AT MT ES HU IT DE FR -60% -40% -20% 0% 20% 40% 60% 80% 100% 120% Additional taxes are imposed in Austria, Cyprus, France, Germany, Hungary, Italy, Luxembourg, Spain and Slovenia.

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