An evaluation of the effects of the European Commission's proposals for the Common Consolidated Corporate Tax Base

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F21%3A10434571" target="_blank" >RIV/00216208:11230/21:10434571 - isvavai.cz</a>

Result on the web

<a href="https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=robnGMwA8Z" target="_blank" >https://verso.is.cuni.cz/pub/verso.fpl?fname=obd_publikace_handle&handle=robnGMwA8Z</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.18356/2076099x-28-1-2" target="_blank" >10.18356/2076099x-28-1-2</a>

Result language

angličtina

Original language name

An evaluation of the effects of the European Commission's proposals for the Common Consolidated Corporate Tax Base

Original language description

This paper evaluates the Common Consolidated Corporate Tax Base (CCCTB) recently proposed by the European Commission. We find that if the CCCTB is introduced as it is currently proposed (including loss consolidation), then it is likely to impose large tax revenue costs of about one fifth of the corporate tax base. Second, we show that an application of the CCCTB proposals at only the European Union (EU) level would overlook the extent of profit shifting out of the EU and could lock in further unnecessary revenue losses. Third, major EU profit-shifting countries such as Luxembourg, Ireland and the Netherlands may experience significant revenue losses. Based on our analysis, the main policy recommendation is to consider extending the approach to a worldwide system, which would simultaneously deal with profit shifting within and out of the EU, and appears to offer the best prospect for revenue-positive, welfare-enhancing reform. For this to be viable, an immediate priority is to collate cross-country-comparable data and provide precise assessments of the range of policy scenarios.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

—

Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Transnational Corporations

ISSN

1014-9562

e-ISSN

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Volume of the periodical

28

Issue of the periodical within the volume

1

Country of publishing house

US - UNITED STATES

Number of pages

22

Pages from-to

29-50

UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85119597957