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This paper evaluates the Common Consolidated Corporate Tax Base (CCCTB) recently proposed by the European Commission. We find that if the CCCTB is introduced as it is currently proposed (including loss consolidation), then it is likely to impose large tax revenue costs of about one fifth of the...
Persistent link: https://www.econbiz.de/10012509213
An advance pricing agreement (APA) is a formal arrangement between a tax authority and a multinational enterprise (MNE) in which the parties jointly agree on the MNE's transfer pricing methodology, estimated taxable income and tax payments for a fixed period, thus reducing the likelihood of an...
Persistent link: https://www.econbiz.de/10012911747
Tax subsidies alter the distribution of tax burdens in ways that blur the ability of researchers and policymakers to … of tax subsidies granted on a discriminatory basis. We find that better-governed countries are more likely to grant … subsidies and to direct larger amounts of this “tax aid” toward mobile firms (i.e., firms that are part of a multinational …
Persistent link: https://www.econbiz.de/10011997537
were investment promotion subsidies provided to Boeing by the State of Washington. The EU contended that the Washington … State subsidies, which were conditioned on Boeing locating production of specific parts of its new 777X program within the … state, were prohibited import substitution subsidies. The AB took this case as an opportunity to consolidate WTO case-law on …
Persistent link: https://www.econbiz.de/10012907226
This article provides a comprehensive exame of the decisions of the EU General Court in the cases The Netherlands v. Commission (Starbucks) (Joined Cases C-760/15 and T-636/16) (hereinafter Starbucks NL) and Luxembourg v. Commission (Fiat Finance and Trade) (Joined Cases T-755/15 and T-759/15)...
Persistent link: https://www.econbiz.de/10014095439
European countries have been required to formulate a national preference in relation to the EU Financial Transaction Tax. The two leading approaches to explaining how the financial sector makes its views felt in the political process – the structural power of the financial services sector...
Persistent link: https://www.econbiz.de/10012944793
This article examines the decision of the CJEU in Brisal and KBC Finance Ireland (Case C-18/15) of 13 July 2016. Following a Portuguese reference for a preliminary ruling, the Court's decision provides further clarification on the permissibility of withholding taxation within the European Union....
Persistent link: https://www.econbiz.de/10012829045
Persistent link: https://www.econbiz.de/10009637795
Over the past decade, several countries augmented their national tax law by transfer pricing legislations in order to limit opportunities for tax-motivated transfer price distortions and the associated relocation of multnational income from their borders. The aim of this paper is to empirically...
Persistent link: https://www.econbiz.de/10009690493
This paper explores the effects of tax provisions aimed at restricting multinationals' tax planning on foreign direct investment (FDI). Using a unique dataset which allows us to observe the worldwide activities of a large panel of multinational firms, we test how limitations of interest tax...
Persistent link: https://www.econbiz.de/10010257227