Mandatory CCCTB implementation in the Eurozone and its impact on corporate tax revenues in the Czech Republic

DSpace Repository

Show simple item record Nerudová, Danuše Solilová, Veronika
dc.contributor.other Ekonomická fakulta cs 2018-03-29 2018-03-29 2018-03-29
dc.identifier.issn 1212-3609
dc.description.abstract The European Commission has been attempting to coordinate the corporate taxation systems of the EU Member States since 1962. One of the most ambitious projects in the history of the harmonization effort was introduced on 16 March 2011, when the European Commission published, after more than ten years of work, the text of the CCCTB Directive proposal. The directive proposal suggests the consolidation regime and the allocation formula with three equally weighted factors – sales, labour and assets, i.e. the consolidated tax base should be shared among the members of the group based on those micro factors. That tax-sharing mechanism as a new allocation rule has raised much discussion and will definitely have an impact on EU Member States’ budgets. The aim of the paper is to research the impact of mandatory CCCTB implementation in the Eurozone on tax bases in the Czech Republic and consequently on Czech corporate tax revenues, and to identify whether the implementation of the system in the Eurozone will result in the outflow or inflow of tax bases from/to the Czech Republic. The research is based on empirical data from the Amadeus and Bankscope databases covering 2,424 parent companies with 3,860 Czech subsidiaries. In order to verify the results of the research, a sensitivity analysis was also performed. The research revealed that mandatory implementation of the CCCTB system in the Eurozone would have negative impact on the tax bases currently generated and located in the Czech Republic. As a result of this fact, the Czech Republic would lose between 0.87% and 8.84% of the corporate tax liability recorded in 2011. en
dc.format text
dc.format.extent 20 stran cs
dc.language.iso en
dc.publisher Technická Univerzita v Liberci cs
dc.publisher Technical university of Liberec, Czech Republic en
dc.relation.ispartof Ekonomie a Management cs
dc.relation.ispartof Economics and Management en
dc.relation.isbasedon Amadeus database, Bureau Van Dijk.
dc.relation.isbasedon Agúndez-García, A. (2006). The Delineation and Apportionment of an EU Consolidated Tax Base for Multi-jurisdictional Corporate Income Taxation: a Review of Issues and Options (Working Paper No. 9/2006). European Commission.
dc.relation.isbasedon Avi-Yonah, R. S., & Clausing, K. (2007). Reforming Corporate Taxation in a Global Economy: A Proposal to Adopt Formulary Apportionment (The Hamilton Project Discussion Paper).
dc.relation.isbasedon Bankscope database, Bureau Van Dijk.
dc.relation.isbasedon Bartelsman, E. J., & Beetsma Roel, M. W. J. (2003). Why pay more? Corporate tax avoidance through transfer pricing in OECD countries. Journal of Public Economics, 87(9-10), 2225-2252.
dc.relation.isbasedon Bettendorf, L., Devereux, M. P., van der Horst, A., Loretz, S., & De Mooij, R. A. (2010). Corporate tax harmonization in the EU. Economic Policy, 537-590.
dc.relation.isbasedon Cline, R., Neubig, T., Phillips, A., Sanger, C., & Walsh, A. (2010). Study on the economic and budgetary impact of the introduction of a Common Consolidated Corporate Tax Base in the European Union. Ernst & Young LLP.
dc.relation.isbasedon Cobham, A., & Loretz, S. (2014). International distribution of the corporate tax base: Impact of different apportionment factors under unitary taxation. In 70th Annual Congress of the International Institute of Public Finance. Lugano, Switzerland.
dc.relation.isbasedon Commission of European Communities. (1992). Report of the Committee of independent experts on company taxation. Luxembourg: Office for the official publication of the European Communities.
dc.relation.isbasedon Danko, Z. (2012). Corporate tax harmonization in the European Union. In Conference proceedings: Crisis Aftermath: Economic Policy Changes in the EU and its Member States. (pp. 207-218). Szeged: University of Szeged.
dc.relation.isbasedon David, P., & Nerudová, D. (2008). Selected problems of value added tax application in the agricultural sector of the European Union internal market. Agricultural Economics, 54(1), 1-11.
dc.relation.isbasedon De Mooij, R. A., & Ederveen, S. (2008). Corporate tax elasticities: a reader’s guide to empirical findings. Oxford Review of Economic Policy, 24(4), 680-697.
dc.relation.isbasedon Devereux, M., & Loretz, S. (2008) Increased Efficiency through Consolidation and Formula Apportionment in the European Union? (Working Paper No. 12). Oxford: Oxford University, Centre for Business Taxation.
dc.relation.isbasedon Dischinger, M. (2007). Profit Shifting by Multinationals: Indirect Evidence from European Micro Data (Munich Discussion Paper No. 2007-30). University of Munich.
dc.relation.isbasedon Domonkos, T., Domonkos, Š., Dolinajcová, M., & Grisáková, N. (2013). Effect of the Formulary Apportionment of the Common Consolidated Corporate Tax Base on the Tax Revenue in the Slovak Republic. Ekonomický časopis, 61(5), 453-467.
dc.relation.isbasedon Dosser, D. (1973). British Taxation and the Common Market. London: Charles Knight.
dc.relation.isbasedon Eberhartinger, E., & Petutschnig, M. (2014). CCCTB – The Employment Factor Game (WU International Taxation Research Paper Series No. 2014 – 01).
dc.relation.isbasedon Fuest, C., Hemmelgam, T., & Ramb, F. (2007). How would the introduction of an EU-wide formula apportionment affect the distribution and size of the corporate tax base? An analysis based on German multinationals. International Tax and Public Finance, 14(5), 605-626.
dc.relation.isbasedon Fuest, C., Spengel, C., Finke, K., Heckemeyer, J. H., & Nusser, H. (2013). Profit Shifting and “Aggressive” Tax Planning by Multinational Firms: Issues and Options for Reform (Discussion Paper No. 13-078). ZEW Centre for European Economic Research.
dc.relation.isbasedon Grubert, H., & Slemrod, J. (1998). The effect of taxes on investment and income shifting into Puerto Rico. Review of Economics and Statistics, 80(3), 365-373.
dc.relation.isbasedon Hines, J. R. Jr. (2010). Income misattribution under formula apportionment. European Economic Review, 54(1), 108-120.
dc.relation.isbasedon Hitiris, T. (1994). European Community Economics (3rd ed.). London: Harvester Wheatsheaf.
dc.relation.isbasedon Kolářová, E., & Kuderová, E. (2015). Analysis of the Czech companies’ departures to tax havens and their effect on the Czech Economy. In E. Pastuzsková, Z. Crhová, J. Vychytilová, B. Vytrhlíková, & A. Knápková (Eds.), Proceedings of the 7th International Scientific Conference Firm and Performance of firms in science, education and practice (pp. 623-637).
dc.relation.isbasedon Krchnivá, K. (2014). Comparison of European, Canadian and the U.S. formula apportionment on real data. In Enterprise and Competitive Environment - Conference Abstract Proceedings. Bučovice: Martin Stříž Publishing.
dc.relation.isbasedon Krchnivá, K., & Nerudová, D. (2015). The Influence of Allocation Formula on Generation of Profit in Different Economy Sectors. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 63(6), 1961-1967.
dc.relation.isbasedon Kubátová, K. (1998). Harmonizace daní v Evropské unii. Daně, (7-8), 2-7.
dc.relation.isbasedon Lodin, S. O., & Gammie, M. (2001). Home State Taxation. Amsterdam: IBFD.
dc.relation.isbasedon Mackie-Mason, J. K., & Gordon, R. H. (1997). How much do taxes discourage incorporation? Journal of Finance, 52(2), 477-505.
dc.relation.isbasedon Mayer, S. (2009). Formulary Apportionment for the Internal Market. Amsterdam: IBFD.
dc.relation.isbasedon McLure, Ch. E. (2008). Harmonizing corporate income taxes in the European community: Rational and implications. Tax Policy and the Economy, 22, 151-195.
dc.relation.isbasedon Mintz, J. M. (2004). Corporate Tax Harmonization in Europe: It's All About Compliance. International Tax and Public Finance, 11(2), 221-234.
dc.relation.isbasedon Mintz, J. (2008). Europe slowly lurches to a common consolidated corporate tax base: Issues at stake. In M. Lang et al. (Eds.), A Common Consolidated Corporate Tax Base for Europe (pp. 128-138). Alemanha: Springer.
dc.relation.isbasedon Musgrave, P. B. (1967). Fiscal Harmonization in Common Markets. New York: Columbia University Press.
dc.relation.isbasedon Nerudová, D. (2014). Harmonizace daňových systémů zemí Evropské unie (4th ed.). Praha: Wolters Kluwer ČR.
dc.relation.isbasedon Nerudová, D., & Solilová, V. (2014). Missing data and its impact on the CCCTB determination. Procedia Economics and Finance, 12, 462-471.
dc.relation.isbasedon Nerudová, D. (2012). Common Consolidated Corporate Tax base: Sharing the Tax Base under Formulary Apportionment. In D. Stavárek, & P. Vodová (Eds.), Proceedings of the 13th international conference on finance and banking (pp. 279-288).
dc.relation.isbasedon Nerudová, D., & Solilová, V. (2015). Quantification of the impact on the total corporate tax basis in the Czech Republic caused by the CCCTB implementation in EU28. Politická ekonomie, 63(4), 456-773.
dc.relation.isbasedon Pethig, R., & Wagener, A. (2003). Profit Tax Competition and Formula Apportionment (CESifo Working Paper No. 1011).
dc.relation.isbasedon Petutschnig, M. (2010). Common Consolidated Corporate Tax Base: Effects of Formulary Apportionment on Corporate Group Entities (WU International Taxation Research Paper Series No. 2012-04).
dc.relation.isbasedon Pirvu, D., Banica, L., & Hagiu, A. (2011). Implications of the introduction of the Common Consolidated Corporate Tax Base for tax revenues in Romania. Financial theory and practice, 35(2), 197-215.
dc.relation.isbasedon Roggeman, A., Verleyen, I., Van Cauwenberge, P., & Coppens, C. (2012). An empirical investigation into the design of an EU apportionment formula related to profit generating factors. Transformations in Business & Economics, 11(3(27)), 36-56.
dc.relation.isbasedon Simon, J. (2000). Can We Harmonise Our Views on European Tax Harmonisation? Bulletin for international fiscal documentation, 54(6), 263-269.
dc.relation.isbasedon Solilová, V., & Nerudová, D. (2016). Implementation of Common Consolidated Corporate Tax Base and its Implications for Non-participating Country: A Case Study for the Czech Republic. Ekonomický časopis, 64(3), 282-298.
dc.relation.isbasedon Spengel, C., Endres, D., Finke, K., & Heckemeyer, J. (2014). Effective Tax Levels Using the Devereux/Griffith Methodology. EU Commission project No. TAXUD/2013/CC/120, Manheim: ZEW.
dc.relation.isbasedon Tan, J. H. D. (2010). Unitary Formulary Apportionment as a Solution to the Conundrum of Source. New York University School of Law.
dc.relation.isbasedon Trandafir, A. (2011). Common Consolidated Corporate Tax Base, a new measure to remove tax competition distortions in the EU. Economy Transdisciplinary Cognition, 14(1), 310-317.
dc.relation.isbasedon Van Der Horst, A., Bettendorf, L., & Rojas-Romagosa, H. (2007). Will corporate tax consolidation improve efficiency in the EU? (CPB Documents 141). CPB Netherlands Bureau for Economic Policy Analysis.
dc.relation.isbasedon Weiner, J. M. (2005). Formulary Apportionment and Group Taxation in the EU: Insights from the United States and Canada. Taxation papers (Working Paper No. 8). DG Taxation and Customs Union, European Commission.
dc.rights CC BY-NC
dc.subject CCCTB en
dc.subject group en
dc.subject tax base en
dc.subject tax revenue en
dc.subject Czech Republic en
dc.subject Eurozone en
dc.subject.classification H25
dc.subject.classification K22
dc.title Mandatory CCCTB implementation in the Eurozone and its impact on corporate tax revenues in the Czech Republic en
dc.type Article en
dc.publisher.abbreviation TUL
dc.relation.isrefereed true
dc.identifier.doi 10.15240/tul/001/2018-1-001
dc.identifier.eissn 2336-5604
local.relation.volume 21
local.relation.issue 1
local.relation.abbreviation E+M cs
local.relation.abbreviation E&M en
local.faculty Faculty of Economics
local.citation.spage 4
local.citation.epage 23
local.access open
local.fulltext yes
local.filename EM_1_2018_01

Files in this item

This item appears in the following Collection(s)

Show simple item record

Search DSpace

Advanced Search


My Account