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Growth-Enhancing Corporate Tax Reform in Belgium

in the CIT and its impact on Belgium, while Section 5 discusses the options for growth-enhancing reform in the Belgian CIT. Section 6 compares the recent tax CIT reform with our set of growth-enhancing measures. 2 The corporate tax system Belgium’s CIT is a relatively important revenue source. In 2014, the CIT raised 3.2 percent of GDP. This is above the EU average of 2.3 percent of GDP (left panel of Figure 1 ). A significant share of CIT payments comes from small firms, partly reflecting a relatively high share of SMEs that are organized as legal

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Corporate tax in an international environment – Problems and possible remedies

-938. Büttner T. , Overesch M. and Wamser G. (2014), Anti Profit-Shifting Rules and Foreign Direct Investment. CESifo Working Paper No. 4710, Munich. De Mooij R. (2012), Tax Biases to Debt Finance: Assessing the Problem, Finding Solutions. Fiscal Studies, 33, 489-512. De Mooij R. and Ederveen S. (2008), Corporate Tax Elasticities: A Reader’s Guide to Empirical Findings. Oxford Review of Economic Policy 24, 680-697. De Mooij R.A, and Devereux M.P.(2011), An Applied Analysis of ACE and CBIT Reforms in the EU. International Tax and

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The empirical evidence for corporate tax competition among the EU member states

investments. Is there a connection? Analele Stiintifice ale Universitatii „Alexandru Ioan Cuza“ din Iasi - Stiinte Economice 01/2009; 56(November):117-132. [5] HEINEMANN, F., OVERESCH, M., RINCKE, J. (2010). Ratecutting tax reform and corporate tax competition in Europe. Economics & Politics, vol. 22 no. 3, pp. 498-518. [6] INFANTI, C., A. (2003). Spontaneus Tax Coordination: On Adopting a Comparative Approach to Reforming the U.S. International Tax Regime. Vanderbilt Journal of Transnational Law, vol. 35, pp. 1105 - 1231. [7

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Responsible Investment: Taxes and Paradoxes

interchangeably. In this article we primarily use the term ‘company’ when speaking about them as legal entities and investment objectives. The term ‘corporate’ is used in the context of CSR, as well as speaking about corporate taxes, as it is established. We view terms like ‘firm’, ‘enterprise’ or ‘business’ to primarily refer to something which is physical, like production facilities, operations, or actions. See also Posner 1992 , p. 409. In many ways, sustainable and responsible investment (SRI) is a mirror image of CSR. When making their investment decisions, investors

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Corporate Tax in European Union and the Theory of Corporate Finance

References A Common Consolidated EU Corporate Tax Base (2004). Commission Non-Paper to informal Ecofin Council, 10 and 11 September. Ashton, D.J. (1991). Corporate Financial Policy: American Analytics and U.K. Taxation. Journal of Business Finance and Accounting . Gomułowicz, A., Małecki, J. (2013). Podatki i prawo podatkowe . Warszawa: LexisNexis. Iwin-Garzyńska, J. (2011). Kapitał i podatki w nauce finansów przedsiębiorstw. Finanse , 4 , Warszawa: PAN INoF. Iwin-Garzyńska, J. (2012a). Opodatkowanie kosztu długu przedsiębiorstw

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Acceptable levels of tax risk as a metric of corporate tax responsibility: theory, and a survey of practice

, or can you?”, Corporate Governance: The international journal of business in society , 2010, 10(4), 365-374; Sikka, Prem, “Smoke and mirrors: Corporate social responsibility and tax avoidance.” Accounting Forum , 2010, 34(3-4), 153-158; Lanis, R. and G. Richardson, “Corporate social responsibility and tax aggressiveness: an empirical analysis”, Journal of Accounting and Public Policy , 2012, 31(1), 86–108; Dowling, G.R., “The curious case of corporate tax avoidance: is it socially irresponsible?”, Journal of Business Ethics , 2013, 124(1), 1–12; Hasseldine

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The Non-Linear Effect of Corporate Taxes on Economic Growth


The paper deals with the problem of taxation and its potential impact on economic growth and presents some new empirical insights into this topic. The main aim of the paper is to verify an assumed nonlinear impact of corporate tax rates on economic growth. Based on the theory of public finance and taxation, we hypothesize that at relatively low tax rates it is possible that the impact of taxation on economic growth become slightly positive. On the other hand when the tax rates are higher a negative impact of taxation on economic growth could be expected. Despite the fact that the most of the existing studies find a negative linear relationship between these variables, we can also find strong support for a non-linear relationship from several theoretical models as well as some empirical studies. Based on panel data fixed-effects econometric models, we, as well, find empirical evidence for a non-linear relationship between nominal and effective corporate tax rates and economic growth. Our data consists of annual observations for the period 1999 to 2011 for EU Member States. Based on the results, we also estimated the optimal level of the corporate tax rate in terms of maximizing economic growth in the average of the EU countries.

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Three steps forward, one step back? Reflections on “google taxes” and the destination-based corporate tax

1 Introduction: Why is the Corporate Tax Robust? A large puzzle underlies the recent G20 and OECD Base Erosion and Profit Shifting (BEPS) project. If the scope of BEPS is as broad as the reports suggest, why are corporate tax revenues in the OECD so robust? The final OECD report on BEPS action 11 suggest that BEPS activities result in between $100 and $240 billion in annual lost revenue from corporate income taxes (CIT) on a global basis. The wide spread between these two numbers indicates the significant uncertainty involved. But even the higher number

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Effective Tax Rates in the Moravian-Silesian Region

German Corporate Tax Return Data. DIW Berlin Discussion Paper No. 829. Giannini, S., Maggiulli, C. (2002). The Effective Tax Rates in the EU Commission Study on Corporate Taxation: Methodological Aspects, Main Results and Policy Implications. CESifo Working Paper No. 666 (1). Janíčková, L. (2012). Danˇova´ harmonizace - mozˇna´ cesta z krize? [Tax Harmonization - Possible Way Out of the Crisis?].Cˇesky´ financˇnı´ a u´cˇetnı´ cˇasopis [Czech Finance and Accounting Journal], 7(1), 64-81. Lammersen, L., Schwager, R. (2005

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Recent developments in Corporate Taxation in Sweden

References Agell, Jonas, Englund, Peter and Södersten, Jan (1998). Incentives and Redistribution in The Welfare State. The Swedish Tax Reform. London: MacMillan Press. Almeida, Heitor, and Thomas Philippon (2007). The risk adjusted cost of financial distress. The Journal of Finance, 62: 2557-2586. Andersson, Krister, Peter Ericson and Johan Fall (2013). European corporate tax policy andfinancial structure of corporations- with special reference to Sweden, Discussion paper for the 15th Annual European Conference

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