Corporation taxes in the European Union: Slowly moving toward comprehensive business income taxation?

Document Outline

• Corporation taxes in the European Union: Slowly moving toward comprehensive business income taxation?
  • Abstract
  • 1 Introduction
  • 2 Background
    • 2.1 Taxonomy of corporation tax regimes
    • 2.2 Trends in corporation tax rates and revenues
  • 3 Current tax treatment of corporate source income
    • 3.1 Overview of corporation tax systems
    • 3.2 Taxing profits (equity income)
    • 3.3 Taxing profits and interest (capital income)
    • 3.4 Taxing economic rents
    • 3.5 Taxing capital gains and closely held corporations
    • 3.6 Intra-EU capital income flows
    • 3.7 Some important findings
  • 4 Directions for corporation tax reform and coordination
    • 4.1 Dual income tax (DIT)
    • 4.2 Comprehensive business income tax (CBIT)
    • 4.3 Formulary apportionment (FA)?
    • 4.4 Allowance for corporate equity (ACE)
    • 4.5 Destination-based cash flow tax (DBCFT)
  • 5 Concluding comments
  • Acknowledgements
  • References