Download Common Corporate Tax Base in the EU: Impact on the Size of by Christoph Spengel PDF

By Christoph Spengel

The eu fee envisages maintaining a suggestion for a tax reform that may permit bettering the potency and ease of the company source of revenue tax platforms. This file assesses the impression of a standard company Tax Base (CCTB) at the dimension of the company tax bases of european businesses. the result of the document shall aid to judge the commercial results of the creation of a harmonised set of tax accounting principles. The estimates are in line with the ecu Tax Analyzer with info from the yr 2006 and practice suggestions laid out in the Commission’s steerage Group.

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The two latter items include assessment of the proportion of shareholdings to total financial assets. Finally, the European Tax Analyzer Model also processes data on warranty claims. This information is not concluded in the AMADEUS database. Moreover, neither statistical institutions18 nor economic organisation19 maintain such data. This information, however, is necessary to calculate the provisions for warranty claims. In order to obtain an indication of the approximate level of warranty claims as a percentage of sales, the consolidated accounts of the Dow Jones Stoxx 50 companies20 are examined.

None of these taxes are excluded from deductibility under the CCTB. Different assumptions concerning the treatment of local taxes will be addressed in sensitivity analyses in the final report. 1 Tax Bases and Tax Burdens Based on Domestic Accounting In order to estimate the impact of common tax accounting rules on the size of the corporate income tax base and the effective tax burden of companies, the future value of the tax bases and the effective tax burdens resulting from current national tax rules are examined first.

Five member states apply a limited credit system on such dividends. The CCTB option is to exempt dividends from major shareholding (participation ratio • 10% of shares). Exemption of dividends results in a lower tax burden compared to the credit method, if the foreign income tax is lower than the domestic tax. The assumed foreign tax rate is 30%. − Loss relief (H): The CCTB option is an indefinite carry forward of losses without the possibility for loss carry back within a single company. This option stands in contrast to a limitation of loss carry forward in some member states.

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