A Common Tax Base for Multinational Enterprises in the - download pdf or read online

By Carsten Wendt

Corporation taxation is a vital aspect for the institution and the final touch of the inner marketplace. by contrast historical past, the ecu fee recommends the harmonization of the tax base within the eu Union. Carsten Wendt analyzes the need, the idea that in addition to power benefits and results of a typical tax base for multinational organizations within the ecu Union. He addresses vital matters referring to a typical tax base, resembling a definition of the consolidation and the formulation used to allocate the consolidated tax base one of the concerned member states. the writer presents substitute innovations to resolve those concerns and concludes universal tax base as meant by means of the ecu fee could treatment a few of the current tax stumbling blocks for multinational firms within the ecu.

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Extra resources for A Common Tax Base for Multinational Enterprises in the European Union

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According to this principle, taxation is perceived to be fair if the tax burden depends on the benefits received from public goods and services by each individual taxpayer (see Haller, 1981: 13). Analogous to the charging for private goods and services, taxes would act as a compensation for the provision of public goods and services by the government (see Musgrave and Musgrave, 1989: 219). If taxation would follow the benefit principle, the equitable distribution of the tax burden depends on the benefits received by each individual taxpayer.

Due to economies of scope, the overall cost of producing several products jointly is less than the sum of the producing them separately (see Bailey and Friedlander, 1982). This technological view of the firm (see Tirole, 2003: 16) is mainly based on the notion that economies of scale and scope encourage the gathering of activities. However, this view of the firm has some caveats. First, it seems questionable that economies of scale should necessarily be exploited within the firm, as they may also be obtained in market transactions.

G. well-trained employees or a favourable environment for R&D, cheap factor prices offering cost advantages, tariffs and transportation costs or access to customers. The existence of location-specific advantages is decisive for doing business abroad and enables a company to generate location-specific economic rents. Finally, a firm must have an internalization advantage. This is the most abstract concept and refers to corporate governance issues, such as the boundaries of the firm. Generally, the internalization advantage is thought to arise from the existence of imperfect markets.

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