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

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Table B.3: CCTB-EUav for all firms CIT_rate CoC Capital Wage Employm. GDP Rev_CIT Welfare (a) (a) (r) (r) (r) (r) (y) (y) AUT 2.40 -0.11 1.41 0.47 0.12 0.44 -0.17 0.18 BEL -12.14 0.59 -7.85 -2.41 -1.06 -1.74 1.50 -0.61 DNK -1.62 0.08 -0.98 -0.30 -0.06 -0.25 0.10 -0.13 FIN 0.20 -0.01 0.15 0.05 0.01 0.03 -0.03 0.02 FRA -1.70 0.09 -1.00 -0.26 -0.08 -0.27 0.10 -0.10 DEU 0.77 -0.03 0.47 0.13 0.06 0.15 -0.07 0.03 GRC -0.34 0.00 -0.07 -0.01 -0.02 -0.03 0.01 0.01 IRL 0.69 -0.03 0.49 0.16 0.06 0.07 -0.08 0.03 ITA -0.65 0.02 -0.21 -0.04 -0.03 -0.07 0.03 0.00 LUX -0.19 0.02 -0.21 -0.09 0.11 -0.16 -0.02 -0.17 NLD 0.93 -0.05 0.73 0.22 0.12 0.16 -0.16 0.02 PRT -0.62 0.03 -0.32 -0.06 -0.02 -0.03 0.04 -0.01 ESP 2.49 -0.14 1.76 0.52 0.17 0.54 -0.23 0.16 SWE -0.68 0.03 -0.41 -0.11 -0.03 -0.09 0.05 -0.04 GBR 0.38 -0.02 0.25 0.05 0.02 0.03 -0.04 0.01 CYP 0.70 -0.03 0.38 0.10 0.02 0.11 -0.03 0.04 CZE 1.84 -0.09 1.28 0.50 0.09 0.47 -0.14 0.17 EST -8.39 0.23 -3.27 -1.51 -0.16 -1.04 0.29 -0.64 HUN 2.03 -0.10 1.19 0.38 0.07 0.34 -0.12 0.16 LVA -1.59 0.06 -0.72 -0.28 -0.05 -0.26 0.06 -0.12 LTU -3.06 0.12 -1.44 -0.52 -0.10 -0.49 0.12 -0.22 MLT 1.40 -0.07 1.26 0.26 0.11 0.33 -0.13 0.06 POL 2.75 -0.14 1.71 0.59 0.14 0.59 -0.18 0.24 SVK -0.06 -0.01 0.05 0.03 -0.01 0.03 0.00 0.03 SVN 1.42 -0.06 0.73 0.24 0.06 0.23 -0.08 0.10 BGR 0.41 -0.02 0.25 0.09 0.01 0.09 -0.02 0.05 ROM -0.60 0.03 -0.34 -0.11 -0.02 -0.09 0.03 -0.05 EU -0.49 -0.01 0.14 0.05 0.01 0.06 0.00 0.01 78
Table B.4: CCTB-WG20 for multinationals CIT_rate CoC Capital Wage Employm. GDP Rev_CIT Welfare (a) (a) (r) (r) (r) (r) (y) (y) AUT -0.76 0.03 -0.11 -0.05 0.02 -0.07 0.00 -0.05 BEL -10.30 0.82 -5.22 -1.74 -0.80 -1.41 1.00 -0.42 DNK -4.12 0.19 -1.27 -0.33 -0.08 -0.29 0.12 -0.12 FIN -2.30 0.11 -0.67 -0.19 -0.04 -0.23 0.05 -0.08 FRA -4.36 0.24 -1.11 -0.27 -0.08 -0.24 0.14 -0.10 DEU -2.95 0.16 -0.67 -0.19 -0.07 -0.19 0.10 -0.06 GRC -2.68 0.11 -0.43 -0.17 -0.04 -0.18 0.04 -0.06 IRL -0.54 0.02 -0.07 -0.12 0.12 -0.14 -0.03 -0.19 ITA -4.46 0.19 -0.69 -0.21 -0.06 -0.20 0.09 -0.07 LUX -1.45 0.18 -2.25 -0.48 -0.19 -0.91 -0.03 -0.17 NLD -1.19 0.10 -0.41 -0.20 0.15 -0.08 -0.02 -0.25 PRT -3.03 0.15 -0.66 -0.15 -0.03 -0.14 0.05 -0.06 ESP -0.61 0.04 -0.17 -0.05 0.01 -0.07 0.00 -0.04 SWE -3.01 0.18 -0.95 -0.25 -0.04 -0.16 0.11 -0.11 GBR -2.01 0.18 -0.65 -0.14 -0.01 -0.06 0.07 -0.08 CYP -0.46 0.02 -0.10 -0.04 0.01 -0.09 -0.01 -0.04 CZE -0.56 0.02 -0.11 -0.03 -0.01 -0.08 0.00 -0.01 EST -10.73 0.27 -1.68 -0.68 -0.12 -0.48 0.13 -0.24 HUN 0.25 -0.01 0.07 0.01 0.01 -0.06 -0.02 -0.01 LVA -3.12 0.11 -0.45 -0.17 -0.03 -0.19 0.03 -0.07 LTU -4.64 0.17 -0.69 -0.24 -0.05 -0.26 0.05 -0.10 MLT -1.28 0.05 -0.74 -0.12 -0.07 -0.18 0.07 -0.01 POL 0.51 -0.03 0.13 0.04 0.02 0.00 -0.02 0.01 SVK -2.10 0.07 -0.56 -0.18 -0.06 -0.23 0.04 -0.05 SVN -1.55 0.06 -0.26 -0.08 -0.02 -0.11 0.02 -0.03 BGR -0.63 0.02 -0.13 -0.04 -0.01 -0.07 0.01 -0.02 ROM -2.57 0.10 -0.40 -0.13 -0.03 -0.15 0.03 -0.05 EU -2.62 0.14 -0.65 -0.18 -0.05 -0.17 0.09 -0.09 79
Page 1 and 2:
The economic effects of EU-reforms
Page 3 and 4:
Contents 1 Introduction 5 2 The COR
Page 5 and 6:
1 Introduction This report analyses
Page 7 and 8:
Household optimization yields expre
Page 9 and 10:
In today’s corporate tax regimes
Page 11 and 12:
Yet, not all forms of profit shifti
Page 13 and 14:
companies which report total assets
Page 15 and 16:
2.2.2.1 Corporate tax rates Figure
Page 17 and 18:
Table 2.3 Summary information about
Page 19 and 20:
2.2 shows the average debt share pe
Page 21 and 22:
Figure 2.4 Corporate tax revenue in
Page 23 and 24:
countries (each point representing
Page 25 and 26:
Figure 2.7 Reduced-form elasticitie
Page 27 and 28: Figure 2.9 Reduced-form elasticity
Page 29 and 30: 2.3 Interpretation of results CORTA
Page 31 and 32: structured discussion about both th
Page 33 and 34: There is a variety of combinations
Page 35 and 36: Table 3.2 shows the economic effect
Page 37 and 38: of the fixed factor is smaller. Acc
Page 39 and 40: Table 3.4 Economic effects for the
Page 41 and 42: Table 3.5 Economic effects for the
Page 43 and 44: shows the impact of the CCTB-WG20 r
Page 45 and 46: 4.1.2 A scenario without profit shi
Page 47 and 48: shifting within the EU (see section
Page 49 and 50: eturns are taxed immediately and al
Page 51 and 52: other hand, loss consolidation caus
Page 53 and 54: Figure 4.2 Welfare effects of selec
Page 55 and 56: asic version of CORTAX. Note, howev
Page 57 and 58: 5 European corporate income tax Thi
Page 59 and 60: 6 Conclusions We have analysed the
Page 61 and 62: Devereux, M.P. and S. Loretz, 2008a
Page 63 and 64: Appendix A Modelling firm behaviour
Page 65 and 66: c b ∂cb + dbt = r − rb + τRb (
Page 67 and 68: 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: Table B.2: CCTB-WG25 for all firms
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 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 129 and 130:
Table C.25: CCCTB-WG20 for all firm
Page 131 and 132:
Page 133 and 134:
Page 135 and 136:
Table C.31: CCCTB-WG20 for multinat
Page 137 and 138:
Table C.33: CCCTB-EUav for multinat
Page 139 and 140:
Page 141 and 142:
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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