Publication detail

The US Corporate Income Tax Reform and Its Implications for the EU

Author(s): doc. Petr Janský Ph.D.,
Type: IES Occassional Papers
Year: 2019
Number: 1
ISSN / ISBN:
Published in: IES Occasional Paper 01/2019
Publishing place: Prague
Keywords: policy reform, tax policy, Tax Cuts and Jobs Act of 2017, European Union, United States
JEL codes: F23, H25, P11
Suggested Citation: Janský P. (2019). “The US Corporate Income Tax Reform and Its Implications for the EU” IES Occasional Paper 1/2019, IES FSV. Charles University.
Abstract: The recent US tax reform, Tax Cuts and Jobs Act of 2017, lowered the statutory corporate income tax rates and brought other important changes for the taxation of multinational enterprises worldwide. This paper reviews these changes and discusses their effects for effective tax rates and tax revenues within the US as well as the EU. In the light of the uncertain impacts of the US reform, the EU doing nothing specific seems a reasonable response in the short term. Still, the EU should consider implementing policy proposals, which are good in themselves and regardless of the ultimate effects of the US reform. These include the Common Consolidated Corporate Tax Base and other measures focused at lowering the adverse effects of profit shifting to other countries as well as within the EU.
Downloadable: op_2019_1_jansky
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