Corporate Taxation in the European Union: The Role of Intangibles in the Formulary Apportionment

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F23%3A43924020" target="_blank" >RIV/62156489:43110/23:43924020 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.2478/revecp-2023-0006" target="_blank" >https://doi.org/10.2478/revecp-2023-0006</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.2478/revecp-2023-0006" target="_blank" >10.2478/revecp-2023-0006</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Corporate Taxation in the European Union: The Role of Intangibles in the Formulary Apportionment

Popis výsledku v původním jazyce

This paper seeks to contribute to the current debate on EU-wide corporate taxation, steered by the impending Proposal by the European Commission on a new framework for the taxation of income of businesses in Europe. The objective of this paper is to verify whether the inclusion of intangible assets enhances the ability of the current proposals for Formulary Apportionment to explain variability in profitability. The research question addressed is &quot;What is the explanatory power of the Formulary Apportionment, for factors such as tangible assets, intangible assets, labour and sales by destination, to describe the variability in the profitability of companies active within the EU internal market?&quot;. The paper employs regression analysis of cross-sectional microeconomic data to analyse the explanatory power of the Formulary Apportionment. The research reveals that the inclusion of intangible assets fails to enhance the explanatory power and that factoring in intangible assets does not appear to have a statistically significant effect in the model. The best-performing model, without the inclusion of intangible assets, explained 22.6 % of the variability in the profitability of companies active within the EU internal market.

Název v anglickém jazyce

Corporate Taxation in the European Union: The Role of Intangibles in the Formulary Apportionment

Popis výsledku anglicky

This paper seeks to contribute to the current debate on EU-wide corporate taxation, steered by the impending Proposal by the European Commission on a new framework for the taxation of income of businesses in Europe. The objective of this paper is to verify whether the inclusion of intangible assets enhances the ability of the current proposals for Formulary Apportionment to explain variability in profitability. The research question addressed is &quot;What is the explanatory power of the Formulary Apportionment, for factors such as tangible assets, intangible assets, labour and sales by destination, to describe the variability in the profitability of companies active within the EU internal market?&quot;. The paper employs regression analysis of cross-sectional microeconomic data to analyse the explanatory power of the Formulary Apportionment. The research reveals that the inclusion of intangible assets fails to enhance the explanatory power and that factoring in intangible assets does not appear to have a statistically significant effect in the model. The best-performing model, without the inclusion of intangible assets, explained 22.6 % of the variability in the profitability of companies active within the EU internal market.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50206 - Finance

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

Národohospodářský obzor

ISSN

1213-2446

e-ISSN

1804-1663

Svazek periodika

23

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

21

Strana od-do

181-201

Kód UT WoS článku

001070473100001

EID výsledku v databázi Scopus

2-s2.0-85173466730