EU corporate tax reform: Weighing the pros and cons
Leon Bettendorf, Michael P. Devereux, Simon Loretz, Albert van der Horst, 20 March 2011The European Commission has launched proposals to radically reform corporate income tax in the EU, with a system known as the Common Consolidated Corporate Tax base. This column suggests that this reform would have significant effects on individual member states, but only small effects at the aggregate level in terms of employment, GDP or efficiency. It adds that if tax rates were also harmonised and the tax base included an allowance for corporate equity, the economic benefits could be far greater.Full Article: EU corporate tax reform: Weighing the pros and cons
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