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

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Table C.20: CCCTB-WG20 for multinationals with smaller share of fixed factor CIT_rate CoC Capital Wage Employm. GDP Rev_CIT Welfare (a) (a) (r) (r) (r) (r) (y) (y) AUT 1.17 0.07 -0.53 -0.15 0.01 -0.37 -0.05 -0.10 BEL -7.52 0.96 -4.19 0.42 -0.03 0.27 0.05 0.26 DNK -7.40 0.34 -1.41 -0.04 -0.02 -0.46 0.04 0.00 FIN -2.61 0.24 -0.99 -0.17 0.01 -0.35 0.00 -0.11 FRA -4.60 0.21 -1.31 -0.32 -0.06 -0.26 0.07 -0.15 DEU -3.11 0.08 -0.56 -0.09 -0.03 0.00 0.03 -0.03 GRC 0.18 0.14 -0.55 -0.15 0.00 -0.22 0.00 -0.09 IRL 1.12 0.30 -1.53 -0.54 0.14 -1.72 -0.06 -0.45 ITA -0.45 0.19 -0.71 -0.13 -0.03 -0.09 0.04 -0.06 LUX -3.72 -0.05 0.61 0.58 2.16 0.84 -2.62 -1.61 NLD -2.53 0.24 -1.36 -0.89 0.16 -1.15 -0.25 -0.65 PRT -3.91 0.20 -1.60 0.68 -0.09 -0.33 0.16 0.57 ESP -0.81 0.07 -0.25 -0.15 0.07 -0.06 -0.09 -0.15 SWE -3.86 0.22 -1.17 0.05 -0.04 -0.19 0.05 0.06 GBR -2.54 0.23 -1.01 0.16 -0.05 0.02 0.09 0.17 CYP 1.28 0.30 -1.01 0.21 0.05 -0.69 0.01 0.09 CZE 2.74 0.09 -0.27 0.21 0.07 -0.19 -0.05 0.04 EST -1.63 0.20 -1.65 0.38 -0.01 -1.02 0.11 0.20 HUN 1.85 0.03 -0.28 0.49 0.05 -0.47 0.02 0.25 LVA -8.49 0.13 -0.67 0.05 0.00 -0.38 0.06 0.03 LTU -12.03 0.17 -0.78 -0.02 -0.02 -0.41 0.07 0.01 MLT -2.45 -0.05 1.06 0.49 0.15 0.52 -0.22 0.17 POL 2.89 0.03 0.07 0.35 0.06 -0.17 -0.02 0.16 SVK 0.10 0.11 -0.08 0.25 0.07 -0.49 -0.01 0.08 SVN -0.21 0.07 -0.25 0.11 0.01 -0.16 0.01 0.06 BGR 0.63 0.02 0.06 0.89 0.06 -1.08 0.15 0.49 ROM -12.03 0.07 -1.03 0.49 -0.05 -0.66 0.19 0.35 EU -2.52 0.16 -0.80 0.00 0.00 -0.21 0.02 -0.03 124
Table C.21: Decomposition CCCTB-WG20 for multinationals: no transfer pricing CIT_rate CoC Capital Wage Employm. GDP Rev_CIT Welfare (a) (a) (r) (r) (r) (r) (y) (y) AUT 1.17 0.05 -0.22 -0.12 0.02 -0.24 0.01 -0.09 BEL -7.52 0.72 -4.75 -1.54 -0.56 -1.14 0.77 -0.48 DNK -7.40 0.23 -1.42 -0.42 -0.06 -0.51 0.10 -0.20 FIN -2.61 0.14 -0.80 -0.27 -0.03 -0.32 0.05 -0.13 FRA -4.60 0.22 -1.05 -0.26 -0.06 -0.16 0.11 -0.11 DEU -3.11 0.10 -0.45 -0.07 -0.05 0.04 0.09 0.00 GRC 0.18 0.11 -0.44 -0.18 -0.04 -0.19 0.04 -0.07 IRL 1.12 0.08 -0.38 -0.48 0.18 -1.05 -0.04 -0.46 ITA -0.45 0.16 -0.60 -0.15 -0.06 -0.10 0.08 -0.04 LUX -3.72 0.47 -4.42 -1.85 -0.31 -1.85 0.05 -1.05 NLD -2.53 0.23 -1.09 -0.70 0.24 -0.59 -0.06 -0.62 PRT -3.91 0.18 -0.75 -0.21 -0.02 -0.35 0.04 -0.11 ESP -0.81 0.02 -0.12 -0.01 -0.01 0.05 0.03 0.00 SWE -3.86 0.20 -1.02 -0.30 0.00 -0.24 0.09 -0.18 GBR -2.54 0.21 -0.75 -0.22 0.02 -0.12 0.04 -0.17 CYP 1.28 0.07 -0.32 -0.17 0.03 -0.57 0.00 -0.14 CZE 2.74 0.03 -0.20 -0.08 -0.01 -0.20 0.01 -0.03 EST -1.63 0.28 -1.74 -0.73 -0.11 -0.81 0.11 -0.28 HUN 1.85 0.04 -0.18 -0.14 0.04 -0.43 -0.02 -0.13 LVA -8.49 0.12 -0.50 -0.20 -0.04 -0.31 0.03 -0.09 LTU -12.03 0.18 -0.72 -0.27 -0.05 -0.36 0.05 -0.11 MLT -2.45 -0.02 -0.39 0.02 -0.08 0.18 0.07 0.10 POL 2.89 -0.01 0.03 -0.01 0.01 -0.15 -0.01 -0.02 SVK 0.10 0.10 -0.70 -0.25 -0.06 -0.47 0.05 -0.08 SVN -0.21 0.07 -0.31 -0.11 -0.02 -0.20 0.03 -0.04 BGR 0.63 0.03 -0.23 -0.09 -0.02 -0.30 0.01 -0.04 ROM -12.03 0.12 -0.46 -0.16 -0.03 -0.32 0.03 -0.07 EU -2.52 0.14 -0.64 -0.19 -0.03 -0.17 0.07 -0.11 125
Page 1 and 2:
The economic effects of EU-reforms
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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
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− b Π t −1 = Yt −1 − wLt
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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 and 120: Table C.15: CCCTB-WG25 for multinat
Page 123: Table C.19: CCCTB-WG20 for all firm
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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