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

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Table C.32: CCCTB-WG25 for multinationals, location choice includes USA and JPN & tax haven CIT_rate CoC Capital Wage Employm. GDP Rev_CIT Welfare (a) (a) (r) (r) (r) (r) (y) (y) AUT 6.34 0.08 -0.53 -0.26 0.01 -0.55 -0.06 -0.17 BEL -23.16 0.96 -2.89 1.88 -0.16 2.10 0.07 1.21 DNK -1.69 0.36 -1.66 -0.14 -0.08 -0.72 0.04 0.00 FIN 2.77 0.25 -1.17 -0.21 -0.04 -0.49 0.01 -0.09 FRA 0.07 0.25 -1.34 -0.19 -0.03 -0.15 0.06 -0.09 DEU -0.74 0.08 -0.38 0.18 0.04 0.29 0.04 0.08 GRC 0.52 0.14 -0.58 -0.11 0.00 -0.24 0.01 -0.06 IRL 8.45 0.30 -1.78 -1.48 -0.14 -3.16 -0.14 -0.73 ITA -2.56 0.16 -0.65 0.08 -0.01 0.08 0.05 0.06 LUX 15.37 0.04 0.94 1.08 2.55 1.17 -2.70 -1.71 NLD 10.48 0.25 -1.84 -1.31 0.08 -1.65 -0.24 -0.82 PRT -5.24 0.18 -0.93 0.47 -0.08 -0.50 0.05 0.41 ESP 5.26 0.09 -0.25 -0.04 0.09 0.00 -0.06 -0.11 SWE -0.99 0.22 -1.18 0.03 -0.05 -0.35 0.03 0.06 GBR -1.23 0.19 -0.77 0.21 -0.03 -0.05 0.05 0.18 CYP 3.31 0.34 -1.41 -0.31 -0.20 -1.38 -0.01 0.01 CZE 3.13 0.08 -0.46 0.07 0.03 -0.42 -0.04 0.01 EST -12.57 0.25 -1.66 0.25 -0.02 -1.06 0.07 0.15 HUN 3.14 0.03 -0.52 -0.01 0.00 -0.89 -0.04 0.00 LVA -2.10 0.13 -0.65 -0.09 -0.05 -0.44 0.03 -0.01 LTU -4.07 0.17 -0.79 -0.11 -0.04 -0.43 0.05 -0.03 MLT -1.06 0.00 1.70 0.92 0.18 0.86 -0.18 0.42 POL 3.40 0.01 -0.17 0.14 0.03 -0.37 -0.05 0.06 SVK -0.22 0.11 -0.80 -0.05 -0.03 -0.72 0.01 0.00 SVN -0.55 0.06 -0.28 0.05 -0.01 -0.27 0.00 0.04 BGR -0.20 0.02 -0.44 0.16 0.00 -0.75 0.01 0.10 ROM -2.72 0.07 -0.57 0.13 -0.02 -0.56 0.04 0.10 EU 0.12 0.16 -0.74 0.05 0.00 -0.15 0.00 0.02 136
Table C.33: CCCTB-EUav for multinationals, location choice includes USA and JPN & tax haven CIT_rate CoC Capital Wage Employm. GDP Rev_CIT Welfare (a) (a) (r) (r) (r) (r) (y) (y) AUT 10.48 -0.04 0.04 -0.09 0.09 -0.39 -0.16 -0.14 BEL -21.94 0.84 -2.41 1.94 -0.15 2.00 0.05 1.24 DNK 0.94 0.23 -0.93 0.02 -0.02 -0.63 -0.03 0.04 FIN 6.10 0.14 -0.61 -0.06 0.04 -0.33 -0.07 -0.08 FRA 3.94 0.15 -0.85 -0.13 0.06 -0.10 -0.05 -0.13 DEU 3.59 -0.05 0.32 0.34 0.14 0.43 -0.11 0.09 GRC 3.27 0.06 -0.27 0.04 0.04 -0.11 -0.04 -0.02 IRL 10.80 0.20 -1.29 -1.29 -0.09 -3.02 -0.21 -0.66 ITA 2.15 0.04 -0.13 0.20 0.07 0.20 -0.06 0.06 LUX 10.37 -0.04 6.30 3.41 4.03 3.54 -3.82 -1.52 NLD 13.99 0.11 -1.06 -1.09 0.22 -1.43 -0.37 -0.82 PRT -2.63 0.08 -0.44 0.46 -0.04 -0.45 -0.03 0.36 ESP 7.01 -0.09 0.92 0.40 0.30 0.41 -0.33 -0.04 SWE 1.92 0.10 -0.53 0.11 0.02 -0.35 -0.09 0.05 GBR 1.59 0.01 -0.01 0.28 0.01 -0.15 -0.09 0.17 CYP 4.94 0.23 -0.98 -0.20 -0.17 -1.29 -0.04 0.05 CZE 6.10 0.01 0.06 0.24 0.11 -0.26 -0.13 0.02 EST -11.30 0.21 -1.15 0.42 0.01 -0.99 0.05 0.21 HUN 5.23 -0.03 -0.11 0.09 0.03 -0.80 -0.10 0.02 LVA -0.60 0.09 -0.47 -0.03 -0.03 -0.39 0.01 0.00 LTU -2.64 0.14 -0.64 -0.06 -0.02 -0.39 0.03 -0.02 MLT 2.81 -0.06 2.75 1.03 0.34 1.03 -0.36 0.31 POL 5.93 -0.08 0.36 0.31 0.10 -0.21 -0.12 0.10 SVK 1.90 0.05 -0.27 0.12 0.03 -0.59 -0.05 0.04 SVN 2.21 -0.03 0.14 0.16 0.04 -0.16 -0.06 0.07 BGR 0.82 -0.01 -0.19 0.22 0.02 -0.71 -0.01 0.12 ROM -1.02 0.02 -0.28 0.18 0.01 -0.50 0.01 0.11 EU 2.44 0.03 -0.11 0.19 0.09 -0.04 -0.12 0.03 137
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
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Appendix A2 Country tables baseline
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Appendix B Country tables CCTB The
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Table B.2: CCTB-WG25 for all firms
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Table B.4: CCTB-WG20 for multinatio
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Table B.6: CCTB-EUav for multinatio
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Table B.8: CCTB-WG20 for multinatio
Page 85 and 86: Table B.10: CCTB-WG20 for multinati
Page 87 and 88: Table B.12: CCTB-WG25 for all firms
Page 91 and 92: Table B.16: CCTB-EUav for multinati
Page 95 and 96: Table B.20: CCTB-WG20, multinationa
Page 99 and 100: Table B.24: CCTB-WG25 for all firms
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 125 and 126: Table C.21: Decomposition CCCTB-WG2
Page 127 and 128: Table C.23: Decomposition CCCTB-WG2
Page 135: Table C.31: CCCTB-WG20 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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