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

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Table C.16: CCCTB-EUav for multinationals 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 10.28 -0.03 0.00 -0.06 0.08 -0.36 -0.14 -0.11 BEL -21.99 0.85 -3.00 1.50 -0.16 0.26 0.02 0.99 DNK 0.86 0.25 -1.13 0.00 -0.09 -0.79 -0.03 0.10 FIN 5.96 0.16 -0.65 -0.03 0.00 -0.35 -0.06 -0.02 FRA 3.83 0.14 -0.80 0.00 0.03 0.02 -0.05 -0.02 DEU 3.52 -0.05 0.42 0.51 0.18 0.65 -0.09 0.16 GRC 3.30 0.07 -0.32 0.03 0.04 -0.15 -0.03 -0.02 IRL 10.55 0.20 -1.37 -1.25 -0.34 -3.05 -0.19 -0.39 ITA 2.11 0.04 -0.13 0.30 0.08 0.33 -0.04 0.12 LUX 10.37 -0.02 6.23 3.56 3.88 3.59 -3.81 -1.24 NLD 14.37 0.12 -1.56 -1.19 0.06 -1.67 -0.31 -0.74 PRT -2.63 0.10 -0.47 0.42 -0.09 -0.54 -0.03 0.40 ESP 7.01 -0.10 1.13 0.56 0.33 0.64 -0.33 0.02 SWE 1.88 0.11 -0.59 0.15 -0.03 -0.35 -0.08 0.11 GBR 1.58 0.02 -0.03 0.32 0.00 -0.11 -0.08 0.22 CYP 4.80 0.26 -1.10 -0.17 -0.31 -1.26 -0.03 0.23 CZE 6.05 0.01 -0.06 0.19 0.09 -0.33 -0.12 0.02 EST -11.28 0.22 -1.36 0.30 -0.04 -1.21 0.05 0.20 HUN 5.10 -0.03 -0.20 0.00 0.00 -0.74 -0.10 0.00 LVA -0.57 0.10 -0.50 -0.05 -0.06 -0.37 0.01 0.02 LTU -2.42 0.15 -0.62 -0.10 -0.04 -0.31 0.03 -0.02 MLT 2.71 -0.04 3.53 1.33 0.40 1.32 -0.40 0.45 POL 5.93 -0.08 0.25 0.25 0.08 -0.21 -0.12 0.08 SVK 1.91 0.05 -0.53 0.02 -0.02 -0.58 -0.03 0.03 SVN 2.17 -0.03 0.05 0.12 0.01 -0.22 -0.05 0.07 BGR 0.69 0.00 -0.52 0.07 -0.04 -0.89 -0.02 0.08 ROM -0.74 0.03 -0.30 0.06 -0.02 -0.43 -0.01 0.06 EU 2.42 0.04 -0.13 0.24 0.08 0.00 -0.11 0.08 120
Table C.17: CCCTB-WG20 for all firms with weaker investment response CIT_rate CoC Capital Wage Employm. GDP Rev_CIT Welfare (a) (a) (r) (r) (r) (r) (y) (y) AUT 1.09 0.03 -0.66 -0.15 -0.02 -0.34 0.01 -0.08 BEL -22.80 0.94 -4.63 -0.33 -0.30 -0.59 0.22 0.03 DNK -3.60 0.32 -1.73 -0.33 -0.06 -0.67 0.12 -0.14 FIN -0.72 0.19 -1.16 -0.35 -0.01 -0.45 0.05 -0.20 FRA -2.73 0.19 -2.15 -0.72 -0.12 -0.46 0.21 -0.34 DEU -2.18 0.05 -1.34 -0.45 -0.14 -0.27 0.14 -0.16 GRC -1.98 0.10 -1.20 -0.52 -0.09 -0.52 0.11 -0.23 IRL 2.94 0.26 -1.69 -0.27 0.14 -1.28 0.04 -0.30 ITA -3.93 0.17 -1.75 -0.58 -0.17 -0.47 0.20 -0.21 LUX 15.37 -0.11 0.67 0.90 1.47 0.08 -3.45 -0.77 NLD 3.52 0.21 -2.16 -1.11 -0.19 -1.20 0.03 -0.48 PRT -5.00 0.21 -1.28 0.41 -0.13 -0.36 0.18 0.45 ESP 1.36 0.01 -0.46 -0.16 0.07 -0.01 -0.03 -0.17 SWE -2.85 0.19 -1.52 -0.18 -0.12 -0.39 0.12 0.00 GBR -2.80 0.20 -1.37 -0.03 -0.13 -0.19 0.15 0.14 CYP 0.46 0.27 -0.72 0.31 0.05 -0.63 0.01 0.15 CZE 0.26 0.03 -0.16 0.27 0.09 -0.14 -0.04 0.06 EST -11.65 0.27 -2.53 -0.67 -0.04 -1.42 0.28 -0.31 HUN 0.81 0.01 0.00 0.60 0.08 -0.36 0.00 0.29 LVA -3.04 0.12 -1.08 -0.28 -0.05 -0.54 0.14 -0.12 LTU -4.58 0.18 -1.55 -0.51 -0.10 -0.69 0.19 -0.21 MLT -1.00 -0.05 0.33 0.36 0.06 0.36 -0.12 0.18 POL 1.01 -0.02 0.27 0.49 0.10 -0.05 -0.04 0.21 SVK -1.72 0.09 -0.39 0.08 0.07 -0.59 0.05 -0.01 SVN -1.56 0.08 -0.45 -0.01 -0.02 -0.24 0.06 0.02 BGR -0.74 0.02 0.04 0.74 0.09 -0.69 0.12 0.38 ROM -3.03 0.10 -0.95 0.21 -0.05 -0.55 0.19 0.17 EU -1.82 0.13 -1.27 -0.24 -0.08 -0.36 0.11 -0.11 121
Page 1 and 2:
The economic effects of EU-reforms
Page 3 and 4:
Contents 1 Introduction 5 2 The COR
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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
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Devereux, M.P. and S. Loretz, 2008a
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Appendix A Modelling firm behaviour
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c b ∂cb + dbt = r − rb + τRb (
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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 and 116: Table C.11: CCCTB-WG20 for all firm
Page 117 and 118: Table C.13: CCCTB-EUav for all firm
Page 119: Table C.15: CCCTB-WG25 for multinat
Page 125 and 126: Table C.21: Decomposition CCCTB-WG2
Page 127 and 128: Table C.23: Decomposition CCCTB-WG2
Page 135 and 136: Table C.31: CCCTB-WG20 for multinat
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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