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

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Table D.2: EUCIT-WG25 for all firms (rate at 24.2%) CIT_rate CoC Capital Wage Employm GDP Rev_CIT Cons_tax Welfare . (a) (a) (r) (r) (r) (r) (y) (a) (y) AUT -0.77 -0.04 0.40 0.45 0.04 0.04 -0.37 0.46 0.00 BEL -9.76 0.82 -9.94 -3.08 -1.06 -2.99 1.68 -0.52 -0.75 DNK -0.77 0.30 -3.03 -0.84 -0.18 -1.13 0.40 -0.09 -0.30 FIN -1.77 0.08 -0.66 0.13 -0.05 -0.31 -0.24 0.52 -0.12 FRA -9.10 0.00 0.07 0.68 -0.07 0.22 -0.73 1.13 -0.10 DEU -12.18 -0.22 2.83 1.88 0.17 1.27 -1.34 1.43 0.27 GRC -0.77 0.13 -1.70 -0.54 -0.11 -0.71 0.18 -0.01 -0.21 IRL 11.73 0.31 -4.85 -2.52 -0.15 -2.82 1.15 -1.33 -0.71 ITA -13.07 -0.14 1.71 1.33 0.06 0.75 -1.11 1.32 0.07 LUX -5.40 -0.46 3.40 6.80 -1.75 -0.38 -5.55 7.62 2.29 NLD -1.27 0.04 -0.86 0.33 -0.56 -0.84 -0.78 2.08 -0.27 PRT -2.27 0.13 -1.34 -0.07 -0.02 -0.33 0.28 -0.53 0.28 ESP -8.76 -0.37 4.52 2.61 0.27 1.76 -1.69 1.96 0.31 SWE -3.77 0.11 -1.19 0.09 -0.09 -0.24 -0.10 0.23 0.03 GBR -5.77 0.04 -0.36 0.39 -0.03 0.22 -0.23 0.25 0.16 CYP 14.23 0.57 -5.27 -2.05 0.04 -1.77 1.67 -2.30 -0.13 CZE 0.23 -0.03 0.56 0.55 0.17 0.18 -0.21 -0.02 0.13 EST 2.23 0.68 -8.44 -4.34 -0.45 -3.68 2.35 -3.00 -0.58 HUN 8.23 0.20 -1.98 -0.87 0.09 -0.90 0.90 -1.58 0.14 LVA 9.23 0.50 -5.84 -2.72 -0.25 -2.23 1.84 -2.31 -0.26 LTU 6.23 0.58 -6.33 -2.73 -0.30 -2.29 1.75 -1.90 -0.38 MLT -10.77 -0.50 5.22 3.00 0.08 1.77 -1.77 2.06 0.76 POL 5.23 0.09 -0.78 -0.35 0.13 -0.35 0.49 -0.97 0.17 SVK 5.23 0.33 -3.42 -1.85 -0.06 -1.66 1.16 -1.72 -0.18 SVN 1.23 0.12 -0.93 -0.27 0.00 -0.34 0.27 -0.41 0.03 BGR 14.23 0.55 -5.69 -2.80 -0.15 -2.21 2.33 -3.37 0.08 ROM 8.23 0.39 -3.79 -1.51 0.05 -1.14 1.33 -2.01 0.07 EU -5.30 0.00 0.20 0.57 0.01 0.19 -0.57 0.51 0.07 144
Table D.3: EUCIT-EUav for all firms (rate at 24.2%) CIT_rate CoC Capital Wage Employm GDP Rev_CIT Cons_tax Welfare . (a) (a) (r) (r) (r) (r) (y) (a) (y) AUT -0.77 -0.20 2.42 1.25 0.21 0.75 -0.80 0.69 0.22 BEL -9.76 0.66 -8.17 -2.39 -0.90 -2.35 1.31 -0.35 -0.55 DNK -0.77 0.10 -0.78 0.00 -0.03 -0.40 -0.03 0.08 -0.01 FIN -1.77 -0.10 1.42 0.95 0.12 0.43 -0.65 0.68 0.14 FRA -9.10 -0.18 1.98 1.31 0.07 0.79 -1.10 1.32 0.07 DEU -12.18 -0.37 4.85 2.62 0.33 1.94 -1.75 1.68 0.47 GRC -0.77 -0.03 0.33 0.41 0.09 0.14 -0.26 0.26 0.03 IRL 11.73 0.16 -2.65 -1.42 -0.01 -1.93 0.67 -0.85 -0.43 ITA -13.07 -0.28 3.56 2.00 0.21 1.36 -1.50 1.54 0.23 LUX -5.40 -0.63 5.83 7.75 -1.45 0.55 -5.95 7.74 2.62 NLD -1.27 -0.13 1.31 1.28 -0.45 -0.09 -1.22 2.44 0.02 PRT -2.27 -0.01 0.09 0.33 0.02 -0.02 -0.05 -0.14 0.28 ESP -8.76 -0.54 6.60 3.41 0.38 2.43 -2.13 2.36 0.48 SWE -3.77 -0.05 0.77 0.75 0.05 0.35 -0.49 0.39 0.22 GBR -5.77 -0.13 1.43 0.88 0.00 0.59 -0.57 0.64 0.23 CYP 14.23 0.34 -3.05 -1.29 0.11 -1.16 1.24 -1.87 0.07 CZE 0.23 -0.18 2.61 1.50 0.33 0.99 -0.69 0.36 0.32 EST 2.23 0.49 -6.17 -3.14 -0.29 -2.70 1.80 -2.46 -0.32 HUN 8.23 0.04 -0.16 -0.18 0.23 -0.28 0.49 -1.29 0.29 LVA 9.23 0.34 -4.03 -1.92 -0.10 -1.52 1.42 -1.95 -0.09 LTU 6.23 0.43 -4.74 -2.05 -0.18 -1.70 1.38 -1.59 -0.24 MLT -10.77 -0.64 7.19 3.65 0.15 2.28 -2.17 2.52 0.86 POL 5.23 -0.09 1.32 0.52 0.31 0.44 0.03 -0.62 0.37 SVK 5.23 0.15 -1.24 -0.78 0.11 -0.76 0.67 -1.28 0.06 SVN 1.23 -0.06 0.95 0.44 0.15 0.30 -0.13 -0.16 0.21 BGR 14.23 0.38 -3.85 -2.02 0.00 -1.52 1.90 -3.01 0.24 ROM 8.23 0.22 -2.12 -0.88 0.12 -0.64 0.94 -1.55 0.17 EU -5.30 -0.17 2.14 1.28 0.14 0.81 -0.97 0.81 0.23 145
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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
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Table B.10: CCTB-WG20 for multinati
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Table B.12: CCTB-WG25 for all firms
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Table B.14: CCTB-WG20 for multinati
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Table B.16: CCTB-EUav for multinati
Page 93 and 94: Table B.18: CCTB-WG20 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 137 and 138: Table C.33: CCCTB-EUav for multinat
Page 143: Table D.1: EUCIT-WG20 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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