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Type: Journal Articles Authors: Leon Bettendorf, Albert Van Der Horst, Ruud A. De Mooij and Hendrik Vrijburg ISSN: Print 0143-5671 Online: 1475-5890
Published in: Fiscal Studies, Vol. 31, No. 4, December 2010
Volume, issue, pages: Vol. 31, No. 4, pp. 453-479
JEL classification: C68, F23, H25 Keywords: corporate tax harmonisation, common consolidated corporate tax base, enhanced cooperation agreements, applied general equilibrium, European Union
We assess the economic impact of introducing consolidation with formula apportionment in the European Union and consider alternative enhanced cooperation agreements. We find that the consolidation is likely to yield a small aggregate welfare gain in Europe. However, not all countries benefit. A coalition of winning countries reduces the welfare gain and may induce a process of adverse selection which destroys the possibility of cooperation. We find that a coalition of similar countries (in terms of the size of their multinational sector) is more feasible in achieving agreement and is actually preferred by those countries over a Europe-wide reform. Search |
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