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

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Table D.4: EUCIT-WG20 for all firms (rate at 27.9%) CIT_rate CoC Capital Wage Employm GDP Rev_CIT Cons_tax Welfare . (a) (a) (r) (r) (r) (r) (y) (a) (y) AUT 2.93 0.14 -1.74 -0.51 -0.09 -0.74 0.24 -0.10 -0.18 BEL -6.06 1.03 -11.98 -3.99 -1.18 -3.79 2.24 -0.99 -0.98 DNK 2.93 0.53 -5.11 -1.78 -0.23 -1.82 1.03 -0.81 -0.50 FIN 1.93 0.32 -3.04 -0.99 -0.15 -1.13 0.46 -0.13 -0.39 FRA -5.40 0.21 -2.05 -0.14 -0.14 -0.42 -0.16 0.59 -0.27 DEU -8.48 -0.05 0.66 0.96 0.05 0.52 -0.73 0.84 0.11 GRC 2.93 0.35 -4.46 -1.99 -0.33 -1.87 1.01 -0.82 -0.46 IRL 15.43 0.48 -7.14 -3.82 -0.25 -3.81 1.80 -2.16 -0.99 ITA -9.37 0.03 -0.32 0.49 -0.06 0.06 -0.52 0.79 -0.06 LUX -1.70 -0.17 2.44 5.57 -0.66 -0.12 -5.05 7.14 0.55 NLD 2.43 0.22 -2.93 -0.80 -0.50 -1.61 -0.14 1.27 -0.61 PRT 1.43 0.31 -3.15 -0.64 -0.03 -0.71 0.80 -1.24 0.30 ESP -5.06 -0.18 2.18 1.55 0.19 0.97 -1.02 1.18 0.15 SWE -0.07 0.30 -3.23 -0.72 -0.19 -0.93 0.47 -0.28 -0.12 GBR -2.07 0.18 -1.98 -0.15 -0.04 -0.26 0.22 -0.36 0.15 CYP 17.93 0.80 -7.14 -2.83 0.06 -2.24 2.25 -3.07 -0.23 CZE 3.93 0.22 -2.29 -0.97 0.02 -0.96 0.65 -0.94 -0.12 EST 5.93 0.89 -10.74 -5.67 -0.54 -4.69 3.15 -4.20 -0.68 HUN 11.93 0.42 -4.25 -1.87 -0.01 -1.65 1.60 -2.35 0.00 LVA 12.93 0.73 -8.30 -3.94 -0.39 -3.18 2.61 -3.21 -0.43 LTU 9.93 0.83 -8.89 -3.95 -0.43 -3.23 2.53 -2.77 -0.55 MLT -7.07 -0.27 3.12 2.05 0.11 1.18 -1.08 1.11 0.62 POL 8.93 0.33 -3.32 -1.58 -0.01 -1.29 1.28 -1.86 -0.01 SVK 8.93 0.58 -5.99 -3.35 -0.18 -2.79 2.01 -2.83 -0.41 SVN 4.93 0.37 -3.32 -1.28 -0.12 -1.14 0.96 -1.11 -0.13 BGR 17.93 0.79 -8.07 -3.96 -0.29 -3.11 3.13 -4.34 -0.05 ROM 11.93 0.60 -5.83 -2.38 0.04 -1.72 1.98 -2.93 0.02 EU -1.60 0.19 -1.95 -0.37 -0.08 -0.54 0.03 -0.17 -0.09 146
Table D.5: EUCIT-WG25 for all firms (rate at 28.4%) CIT_rate CoC Capital Wage Employm GDP Rev_CIT Cons_tax Welfare . (a) (a) (r) (r) (r) (r) (y) (a) (y) AUT 3.43 0.08 -1.09 -0.26 -0.03 -0.50 0.14 -0.10 -0.08 BEL -5.56 0.99 -11.52 -3.82 -1.12 -3.62 2.18 -1.04 -0.90 DNK 3.43 0.50 -4.69 -1.64 -0.19 -1.68 0.97 -0.83 -0.44 FIN 2.43 0.28 -2.55 -0.82 -0.09 -0.95 0.40 -0.19 -0.31 FRA -4.90 0.18 -1.80 -0.07 -0.11 -0.34 -0.20 0.60 -0.26 DEU -7.98 -0.09 1.17 1.14 0.10 0.70 -0.80 0.84 0.18 GRC 3.43 0.30 -3.90 -1.74 -0.27 -1.63 0.93 -0.83 -0.36 IRL 15.93 0.44 -6.68 -3.60 -0.21 -3.62 1.72 -2.11 -0.93 ITA -8.87 -0.02 0.18 0.66 -0.01 0.23 -0.60 0.79 0.00 LUX -1.20 -0.19 3.19 5.76 -0.41 0.25 -5.12 7.10 0.45 NLD 2.93 0.19 -2.50 -0.63 -0.46 -1.46 -0.21 1.29 -0.56 PRT 1.93 0.25 -2.62 -0.49 -0.01 -0.59 0.73 -1.19 0.34 ESP -4.56 -0.21 2.57 1.68 0.22 1.09 -1.08 1.21 0.18 SWE 0.43 0.26 -2.79 -0.58 -0.15 -0.80 0.41 -0.31 -0.06 GBR -1.57 0.14 -1.55 -0.05 -0.03 -0.19 0.16 -0.30 0.18 CYP 18.43 0.77 -6.89 -2.76 0.08 -2.17 2.21 -3.03 -0.23 CZE 4.43 0.17 -1.63 -0.68 0.09 -0.69 0.55 -0.94 -0.03 EST 6.43 0.84 -10.15 -5.36 -0.49 -4.43 3.05 -4.17 -0.58 HUN 12.43 0.36 -3.60 -1.64 0.05 -1.43 1.50 -2.36 0.09 LVA 13.43 0.67 -7.64 -3.66 -0.32 -2.91 2.50 -3.17 -0.34 LTU 10.43 0.77 -8.28 -3.70 -0.37 -2.99 2.43 -2.74 -0.47 MLT -6.57 -0.28 3.42 2.11 0.14 1.26 -1.13 1.16 0.61 POL 9.43 0.27 -2.64 -1.32 0.06 -1.03 1.17 -1.85 0.09 SVK 9.43 0.52 -5.30 -3.05 -0.11 -2.51 1.91 -2.81 -0.31 SVN 5.43 0.29 -2.56 -1.00 -0.05 -0.86 0.83 -1.09 -0.03 BGR 18.43 0.73 -7.48 -3.74 -0.22 -2.89 3.04 -4.33 0.03 ROM 12.43 0.53 -5.11 -2.11 0.08 -1.49 1.86 -2.82 0.09 EU -1.10 0.14 -1.46 -0.20 -0.03 -0.38 -0.04 -0.15 -0.04 147
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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.16: CCTB-EUav for multinati
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Page 95 and 96: Table B.20: CCTB-WG20, multinationa
Page 97 and 98: Table B.22: CCTB-WG20 for multinati
Page 99 and 100: Table B.24: CCTB-WG25 for all firms
Page 101 and 102: Table B.26: CCTB-WG20 for multinati
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 and 144: Table D.1: EUCIT-WG20 for all firms
Page 145: Table D.3: EUCIT-EUav for all firms
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The economic effects of EU-reforms in corporate income tax systems

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