The economic effects of EU-reforms in corporate income tax systems

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Table C.12: CCCTB-WG25 for all firms with tax haven and discrete location CIT_rate CoC Capital Wage Employm. GDP Rev_CIT Welfare (a) (a) (r) (r) (r) (r) (y) (y) AUT 2.26 0.04 -0.67 -0.23 -0.02 -0.55 -0.02 -0.12 BEL -23.29 0.88 -5.02 0.69 -0.36 -0.52 0.14 0.67 DNK -3.28 0.31 -2.82 -0.58 -0.21 -1.30 0.11 -0.14 FIN -0.21 0.18 -1.75 -0.38 -0.11 -0.78 0.05 -0.12 FRA -3.09 0.17 -2.29 -0.33 -0.10 -0.35 0.12 -0.12 DEU -2.37 0.04 -0.86 0.13 0.01 0.25 0.09 0.07 GRC -1.63 0.08 -1.31 -0.36 -0.06 -0.57 0.07 -0.15 IRL 3.85 0.23 -2.82 -1.67 -0.60 -3.47 0.06 -0.39 ITA -4.34 0.12 -1.49 -0.06 -0.07 -0.09 0.14 0.03 LUX 10.37 -0.04 1.67 1.63 1.89 0.70 -3.33 -0.65 NLD 5.81 0.20 -3.49 -1.75 -0.21 -2.13 0.05 -0.82 PRT -4.51 0.18 -1.26 0.12 -0.16 -0.75 0.05 0.29 ESP 2.29 0.00 -0.20 0.06 0.15 0.22 -0.05 -0.11 SWE -2.57 0.18 -1.96 -0.25 -0.14 -0.68 0.09 -0.02 GBR -2.56 0.15 -1.35 0.02 -0.11 -0.28 0.09 0.15 CYP 0.90 0.31 -1.69 -0.33 -0.38 -1.44 0.02 0.19 CZE 1.21 0.01 -0.49 0.01 0.03 -0.49 -0.05 -0.02 EST -11.69 0.27 -3.69 -1.04 -0.13 -2.04 0.20 -0.42 HUN 1.71 0.00 -0.36 -0.07 -0.03 -0.77 -0.06 -0.01 LVA -2.73 0.12 -1.43 -0.43 -0.14 -0.73 0.09 -0.14 LTU -4.35 0.16 -1.95 -0.60 -0.14 -0.80 0.14 -0.23 MLT -1.20 -0.01 1.94 1.00 0.17 0.98 -0.16 0.48 POL 1.98 -0.04 0.14 0.19 0.04 -0.22 -0.09 0.08 SVK -1.19 0.08 -1.45 -0.37 -0.11 -0.91 0.06 -0.11 SVN -0.79 0.05 -0.52 -0.08 -0.06 -0.39 0.01 0.01 BGR -0.40 0.02 -0.84 -0.10 -0.09 -0.90 0.00 0.02 ROM -2.40 0.08 -1.05 -0.21 -0.08 -0.65 0.05 -0.06 EU -1.56 0.11 -1.29 -0.10 -0.05 -0.32 0.06 -0.02 116
Table C.13: CCCTB-EUav for all firms with tax haven and discrete location CIT_rate CoC Capital Wage Employm. GDP Rev_CIT Welfare (a) (a) (r) (r) (r) (r) (y) (y) AUT 5.94 -0.08 0.67 0.22 0.11 -0.09 -0.18 0.03 BEL -21.98 0.79 -4.13 1.05 -0.33 -0.30 0.09 0.86 DNK -0.63 0.20 -1.45 -0.14 -0.11 -0.92 -0.01 0.03 FIN 2.52 0.08 -0.51 0.04 0.01 -0.34 -0.09 0.02 FRA 0.51 0.08 -1.17 -0.04 0.05 -0.01 -0.03 -0.07 DEU 2.04 -0.08 0.65 0.58 0.19 0.76 -0.11 0.20 GRC 0.70 0.00 -0.31 0.05 0.04 -0.16 -0.04 -0.01 IRL 5.87 0.15 -1.90 -1.28 -0.51 -3.13 -0.05 -0.24 ITA 0.12 0.00 -0.19 0.32 0.07 0.34 -0.03 0.13 LUX 10.37 -0.09 5.98 3.29 3.41 3.02 -3.95 -0.97 NLD 9.69 0.08 -1.82 -1.20 0.03 -1.54 -0.16 -0.72 PRT -1.98 0.09 -0.46 0.31 -0.10 -0.56 -0.04 0.33 ESP 6.41 -0.11 1.35 0.52 0.35 0.74 -0.28 -0.02 SWE 0.50 0.07 -0.78 0.09 -0.06 -0.39 -0.06 0.12 GBR 1.08 0.00 0.09 0.32 -0.02 -0.07 -0.08 0.24 CYP 2.26 0.21 -1.01 -0.11 -0.37 -1.28 -0.03 0.33 CZE 3.68 -0.07 0.61 0.43 0.16 -0.05 -0.20 0.08 EST -10.20 0.23 -2.84 -0.63 -0.09 -1.79 0.16 -0.24 HUN 3.47 -0.06 0.42 0.19 0.03 -0.52 -0.15 0.08 LVA -1.39 0.08 -0.96 -0.24 -0.09 -0.55 0.05 -0.06 LTU -3.09 0.13 -1.53 -0.43 -0.10 -0.64 0.10 -0.17 MLT 1.98 -0.08 3.90 1.43 0.41 1.50 -0.43 0.50 POL 4.16 -0.12 1.19 0.57 0.16 0.17 -0.21 0.21 SVK 0.61 0.01 -0.48 0.02 -0.02 -0.56 -0.04 0.03 SVN 1.82 -0.04 0.44 0.25 0.04 -0.06 -0.09 0.12 BGR 0.51 -0.01 -0.38 0.08 -0.05 -0.77 -0.03 0.09 ROM -0.73 0.03 -0.48 -0.03 -0.03 -0.47 0.00 0.01 EU 0.90 0.00 -0.05 0.26 0.08 0.06 -0.10 0.09 117
Page 1 and 2:
The economic effects of EU-reforms
Page 3 and 4:
Contents 1 Introduction 5 2 The COR
Page 5 and 6:
1 Introduction This report analyses
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Household optimization yields expre
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In today’s corporate tax regimes
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Yet, not all forms of profit shifti
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companies which report total assets
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2.2.2.1 Corporate tax rates Figure
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Table 2.3 Summary information about
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2.2 shows the average debt share pe
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Figure 2.4 Corporate tax revenue in
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countries (each point representing
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Figure 2.7 Reduced-form elasticitie
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Figure 2.9 Reduced-form elasticity
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2.3 Interpretation of results CORTA
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structured discussion about both th
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There is a variety of combinations
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Table 3.2 shows the economic effect
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of the fixed factor is smaller. Acc
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Table 3.4 Economic effects for the
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Table 3.5 Economic effects for the
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shows the impact of the CCTB-WG20 r
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4.1.2 A scenario without profit shi
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shifting within the EU (see section
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eturns are taxed immediately and al
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other hand, loss consolidation caus
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Figure 4.2 Welfare effects of selec
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asic version of CORTAX. Note, howev
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5 European corporate income tax Thi
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6 Conclusions We have analysed the
Page 61 and 62:
Devereux, M.P. and S. Loretz, 2008a
Page 63 and 64:
Appendix A Modelling firm behaviour
Page 65 and 66: c b ∂cb + dbt = r − rb + τRb (
Page 67 and 68: capital requires that the marginal
Page 69 and 70: − b Π t −1 = Yt −1 − wLt
Page 71 and 72: Substituting into the dividend equa
Page 73 and 74: Appendix A2 Country tables baseline
Page 75 and 76: Appendix B Country tables CCTB The
Page 77 and 78: Table B.2: CCTB-WG25 for all firms
Page 79 and 80: Table B.4: CCTB-WG20 for multinatio
Page 81 and 82: Table B.6: CCTB-EUav for multinatio
Page 83 and 84: Table B.8: CCTB-WG20 for multinatio
Page 85 and 86: Table B.10: CCTB-WG20 for multinati
Page 91 and 92: Table B.16: CCTB-EUav for multinati
Page 95 and 96: Table B.20: CCTB-WG20, multinationa
Page 103 and 104: Table B.28: CCTB-EUav for multinati
Page 105 and 106: Table C.1: CCCTB-WG20 for all firms
Page 107 and 108: Table C.3: CCCTB-EUav for all firms
Page 109 and 110: Table C.5: CCCTB-WG25 for multinati
Page 115: Table C.11: CCCTB-WG20 for all firm
Page 119 and 120: Table C.15: CCCTB-WG25 for multinat
Page 121 and 122: Table C.17: CCCTB-WG20 for all firm
Page 125 and 126: Table C.21: Decomposition CCCTB-WG2
Page 127 and 128: Table C.23: Decomposition CCCTB-WG2
Page 137 and 138: Table C.33: CCCTB-EUav for multinat
Page 143 and 144: Table D.1: EUCIT-WG20 for all firms
Page 145 and 146: Table D.3: EUCIT-EUav for all firms
Page 147 and 148: Table D.5: EUCIT-WG25 for all firms
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The economic effects of EU-reforms in corporate income tax systems

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