Publication
Feb 2010
Considerable support has grown at EU level for some kind of common-base, consolidated taxation of corporate income. Formula apportionment would then be used to allocate income among the different tax jurisdictions. We argue that a radically different approach may also be considered that offers great advantages of efficiency, simplicity and decentralization. It entails abandoning corporate income as the relevant tax base and taxing some broad measure of business activity at a moderate rate.
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English (PDF, 6 pages, 146 KB) |
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Author | Stefano Micossi, Paola Parascandolo |
Series | CEPS Policy Briefs |
Issue | 203 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2010 Centre for European Policy Studies (CEPS) |