Taxing Multinationals in Europe

By Ernesto Crivelli, Ruud A. de Mooij, J. E. J. De Vrijer, Shafik Hebous, Alexander D Klemm

May 25, 2021

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Format: Chicago

Ernesto Crivelli, Ruud A. de Mooij, J. E. J. De Vrijer, Shafik Hebous, and Alexander D Klemm. Taxing Multinationals in Europe, (USA: International Monetary Fund, 2021) accessed December 21, 2024

Disclaimer: The views expressed herein are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper aims to contribute to the European policy debate on corporate income tax reform in three ways. First, it takes a step back to review the performance of the CIT in Europe over the past several decades and the important role played by MNEs in European economies. Second, it analyses corporate tax spillovers in Europe with a focus on the channels and magnitudes of both profit shifting and CIT competition. Third, the paper examines the progress made in European CIT coordination and discusses reforms to strengthen the harmonization of corporate tax policies, in order to effectively reduce both tax competition and profit shifting.

Subject: Competition, Corporate income tax, Corporate taxes, Financial markets, Formula apportionment, Revenue administration, Tax policy, Taxes

Keywords: Competition, Corporate income tax, Corporate profits, Corporate taxation, Corporate taxes, Effects of the CCCTB reform, EU code of conduct, Europe, Formula apportionment, Global, International taxation, MNE profits, Multinational corporations, Profit shifting, Revenue effect, Tax competition

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Departmental Paper No 2021/012
Stock No:

TMNIEEA
ISBN:

9781513570761
ISSN:

2616-5333

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