Corporate tax reform in the EU: Weighing the pros and cons

The European Commission launched proposals in March 2011 to radically reform corporate income tax in the EU, with a system known as the Common Consolidated Corporate Tax base. This column suggests that this reform would have significant effects on individual member states, but only small effects at the aggregate level in terms of employment, GDP or efficiency. It adds that if tax rates were also harmonised and the tax base included an allowance for corporate equity, the economic benefits could be far greater.

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• Primary Source

ESO: Background Information: Press Release: European corporate tax base: making business easier and cheaper http://www.europeansources.info/record/press-release-european-corporate-tax-base-making-business-easier-and-cheaper/

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