A minimum rate without a common base?
Forum Does the Enlarged European Union Need a Minimum Corporate Tax Rate?
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KeywordsEquity Finance Statutory Rate Investment Allowance
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- 1.See inter alia M. Devereux, R. Griffith, A. Klemm: Corporate income tax reforms and international tax competition, in: Economic Policy, Vol. 17, Issue 35, 2002.Google Scholar
- 2.This is true both of the classical tax competition papers, which predict tax rates will be too low (J. D. Wilson: A theory of interregional tax competition, in: Journal of Urban Economics, Vol. 19, 1986; or G. R. Zodrow, P. Mieszkowski: Pigou, Tiebout, property taxation, and the underprovision of local public goods, in: Journal of Urban Economics, Vol. 19, 1986) and of models which predict that tax rates can be too high, because of tax-exporting (e.g. E. W. Bond, L. Samuelson: Strategic behaviour and the rules for international taxation of capital, in: Economic Journal, Vol. 99, 1989).Google Scholar
- 3.An example of the former is J. Edwards, M. Keen: Tax competition an Leviathan, in: European economic Review, Vol 40, 1996; the latter argument is made in R. Baldwin, P. Krugman: Agglomeration, integration and tax harmonisation, in: European Economic Review, Vol. 48, 2004.Google Scholar
- 4.See M. A. King, D. Fullerton: The taxation of income from capital, Chicago 1984, University of Chicago Press.Google Scholar
- 5.See M. P. Devereux, R. Griffith: Evaluating tax policy for location decisions, in: International Tax and Public Finance, Vol. 10, 2003.Google Scholar
- 7.See European Commission: Towards an internal market without tax obstacles, Communication from the European Commission COM (2001) 582 final, Brussels 2001.Google Scholar
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