AN EVALUATION OF THE EFFECTS OF THE EUROPEAN COMMISSION’S PROPOSALS FOR THE COMMON CONSOLIDATED CORPORATE TAX BASE
AN EVALUATION OF THE EFFECTS OF THE EUROPEAN COMMISSION’S PROPOSALS FOR THE COMMON CONSOLIDATED CORPORATE TAX BASE
| Author: | doc. Petr Janský Ph.D. Alex Cobham Chris Jones Yama Temouri |
|---|---|
| Type: | IES Working Papers |
| Year: | 2021 |
| Number: | 13 |
| ISSN / ISBN: | |
| Published in: | IES Working Papers 13/2021 |
| Publishing place: | Prague |
| Keywords: | Common Consolidated Corporate Tax Base, CCCTB, corporate taxation, profit shifting, European Union, multinational enterprises |
| JEL codes: | F23, H25, H32 |
| Suggested Citation: | Cobham A., Jansky P., Jones C. and Temouri Y. (2021): " An Evaluation of the Effects of the European Commission’s Proposals for the Common Consolidated Corporate Tax Base " IES Working Papers 13/2021. IES FSV. Charles University. |
| Abstract: | 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. |
| Downloadable: | wp_2021_13_cobham, jansky, jones, temouri.pdf |
