The European Commission proposed to replace the currently existing Separate Accountingby an EU-wide tax system based on a Common Consolidated Corporate Tax Base (CCCTB).Besides the CCCTB, there is an alternative tax reform proposal, the European Tax AllocationSystem (ETAS). In a dynamic capital...

In this paper we analyze the impact of various minimum taxation concepts oncorporate investment decisions. These investments can be realized in the form ofeither a real or a financial investment. In a quantitative analysis we refer to thefuture values of the investments as an indicator of...

The components of a European tax system with CCCTB or ETAS differ significantly. Nevertheless,we can perform a comparison in the chosen model framework. We determine theminimum required minimum pre-tax rate of return of a real investment in comparison to afinancial investment within a...