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Modelling corporate tax reform in the EU: New calibration and simulations with the CORTAX model

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  • Joint Research Center of the European Commission - IPTS

Abstract

This report investigates the economic impact of the European Commission proposal for a common corporate tax base (CCTB) and a common consolidated corporate tax base with formula apportionment (CCCTB) within the EU. Furthermore, on top of the common base, it considers proposals to reduce the debt bias in corporate taxation. To do so, we employ an applied general equilibrium model (CORTAX) covering all EU Member States, featuring different firm types and modelling many key features of corporate tax regimes, including multinational profit shifting, investment decisions, loss compensation and the debt-equity choice of firms.

Suggested Citation

  • Joint Research Center of the European Commission - IPTS, 2016. "Modelling corporate tax reform in the EU: New calibration and simulations with the CORTAX model," Taxation Papers 66, Directorate General Taxation and Customs Union, European Commission.
    • Handle: RePEc:tax:taxpap:0066
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    File URL: https://ec.europa.eu/taxation_customs/sites/taxation/files/taxation_paper_66.pdf
    File Function: final version, 2016
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    Cited by:

    1. Benjamin Carton & Emilio Fernández Corugedo & Mr. Benjamin L Hunt, 2019. "Corporate Tax Reform: From Income to Cash Flow Taxes," IMF Working Papers 2019/013, International Monetary Fund.

    More about this item

    Keywords

    corporate taxation; CGEM; debt-bias; European Union;
    All these keywords.

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • H26 - Public Economics - - Taxation, Subsidies, and Revenue - - - Tax Evasion and Avoidance
    • H68 - Public Economics - - National Budget, Deficit, and Debt - - - Forecasts of Budgets, Deficits, and Debt
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models

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