Despite sharp reductions in corporate income tax (CIT) rates worldwide, CIT revenues have not fallen dramatically in … the CIT revenue to GDP ratio for the EU and find that while the decrease in the statutory rates has driven down tax …

corporate tax losses for the EU amounts to €36 billion annually or 7.7% of total corporate tax revenues. The USA and Japan also … appear to loose tax revenues respectively of €101 and €24 billion per year or 10.7% of corporate tax revenues in both cases … shifting would slightly reduce investment and GDP. It would however raise corporate tax revenues thanks to enhanced domestic …