The introduction of a formulaically apportioned common consolidated corporate tax base (CCCTB) could represent a milestone in international taxation. No agreement has yet been reached, however. In contrast, Germany already has a long-standing system that apportions corporate taxes by splitting...

Tax neutrality of financial and dividend policies of the multinational with multinational ownership are studied using the trapped equity approach whereby all dividend taxes in the repatriation and onward distribution stage capitalize in the market value of foreign profits. The practice of...

The European Commission recently presented a strategy for EU company tax policy that would allow companies to use one set of tax rules to consolidate their EU activities. This consolidated EU tax base would be apportioned to Member States for taxation at local rates. Many EU companies support...