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Bloomberg reports on a study co-authored by Petr Janský


The study evaluates the European Commission’s proposed Common Consolidated Corporate Tax Base (CCCTB).

The study was commissioned by a European Parliament GUE/NGL group and co-authored by Alex Cobham of Tax Justice Network, Chris Jones and Yama Temouri of Aston Business School and our colleague, Petr Janský.

The primary finding is that the coverage limitations of the Orbis dataset are serious – despite being the best public source – and are shown to gravely understate the degree of profit-shifting by US multinationals in particular. Even with that caveat, however, two important results emerge from the analysis. First, loss consolidation is likely to impose large and immediate revenue costs, with no offsetting benefits that would even approach the same scale. Second, an application of a unitary approach at an EU level only would overlook the extent of profit-shifting out of the EU, and could lock in unnecessary revenue losses. 

Media coverage of the report includes Bloomberg and Süddeutsche Zeitung.

Autor - Mgr. Lucie Křížová M.A.


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