Corporate tax competition between firms

Loretz, Simon and Padraig Moore (2013) International Tax and Public Finance 20(5), pages 725-75. [2009] Abstract Firms’ tax planning decisions, similar to their other operational decisions, are made in a competitive environment. Various stakeholders observe the tax payments and evaluate these against the relevant peer group. This implies firms might not simply minimise their taxContinue reading “Corporate tax competition between firms”

The Effects of EU Formula Apportionment on Corporate Tax Revenues

Devereux, Michael P. and Simon Loretz (2008) Fiscal Studies 29.1, 1-33. [2007] Abstract The European Commission proposes to replace the current system of taxing corporate income using separate accounting by a two‐step ‘consolidation and apportionment’ procedure. This paper uses a large set of unconsolidated firm‐level data to assess the likely impact on corporate tax revenuesContinue reading “The Effects of EU Formula Apportionment on Corporate Tax Revenues”

Common Consolidated Corporate Tax Base: large countries revenue would rise under the EU’s proposals

The effects of EU formula apportionment on corporate tax revenues Michael P. Devereux and Simon Loretz The European Commission is currently pursuing a proposal to introduce a “common consolidated corporate tax base” (CCCTB).  The proposal is that a company operating in more than one country within the EU could declare only its EU-wide profit.  ThatContinue reading “Common Consolidated Corporate Tax Base: large countries revenue would rise under the EU’s proposals”