By Carsten Wendt

ISBN-10: 383491326X

ISBN-13: 9783834913265

Corporation taxation is a vital point for the institution and the crowning glory of the inner marketplace. in contrast historical past, the ecu fee recommends the harmonization of the tax base within the ecu Union. Carsten Wendt analyzes the need, the idea that in addition to strength merits and results of a standard tax base for multinational organisations within the eu Union. He addresses very important matters touching on a standard tax base, similar to a definition of the consolidation and the formulation used to allocate the consolidated tax base one of the concerned member states. the writer offers replacement concepts to resolve those matters and concludes universal tax base as meant by way of the eu fee might therapy a few of the latest tax hindrances for multinational companies within the ecu.

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A combination of variation in contractual input intensity across sectors and variation in productivity across firms within industries generates equilibria in which all four organizational forms – domestic integration, domestic outsourcing, foreign integration and foreign outsourcing – coexist in an industry and their relative prevalence varies 2 Theory of Multinational Enterprises 25 across industries as a function of sectoral characteristics. This approach was chosen by Antràs and Helpmann (2004), which builds on the model of Antrás (2003).

According to the theory, the burden of the corporate income tax is borne by individuals in their capacity as owners or employees (see Harberger, 1962: 224-230) of corporations and/or in their role as consumers of the goods and services produced by corporations (see Kryzaniuk and Musgrave, 1963). And since the corporation tax is an impersonal tax, it is not well suited to help policy-makers shape the profile of personal income distribution. From an economic point of view, three rationales are generally given for the corporation income tax (see Bird, 1996: 3-12; Mintz, 1996: 24-36): − The corporation income tax is a withholding tax at source for some forms of capital income that serves as a backstop for personal income tax; 30 3 Guidelines for Income Taxation of Multinational Enterprises − The corporation income tax is a charge for the benefits received from public goods and services provided by the government; − The corporation income tax is a tax on rents realised from non-reproducible factors of production.

According to the model, potential buyers of an intermediate input find it more attractive to outsource, the more sellers of adequate inputs to serve the buyers’ needs exist. Similarly, sellers of an intermediate input find it more attractive to operate, the larger the number of potential buyers is. This approach of Grossman and Helpman has been extended by Antràs (2003) by introducing two new features. First, the friction of incomplete contracts also exists within integrated firms, and integration provides well-defined property rights.

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A Common Tax Base for Multinational Enterprises in the European Union by Carsten Wendt


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