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Monday, July 27, 2020 | History

2 edition of issue of tax harmonisation in the European Community found in the catalog.

issue of tax harmonisation in the European Community

Keith Penketh

issue of tax harmonisation in the European Community

by Keith Penketh

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  • 2 Currently reading

Published by Manchester Metropolitan University, Dept. of Economics and Economic History in Manchester .
Written in English


Edition Notes

StatementKeith Penketh.
SeriesSeries -- no.93-03
ID Numbers
Open LibraryOL17294010M

Corporate tax harmonization in the European Union Corporate tax harmonization in the European Union Zsófia Dankó The recent financial and economic crisis of the European Union had exposed the necessity to complete monetary union with an economic union. One of the assets of a stronger economic integration is the harmonization of the tax.   The issue of tax harmonisation has been repeatedly debated in the EU since the European Economic Community was established. Substantial tax harmonisation exists in the area of indirect taxation, and proposals regarding corporations are on the table, such as the project of Common Consolidated Corporate Income Tax (CCCTB, see European Commission .

Harmonisation can be achieved in two ways, actively or passively. The most common is the active pursuit of harmonisation usually through the enactment of legislation which incorporates the harmonised principles into the local law. Passive harmonisation may occur through non-legislative agreements or a convergence of case law. However, the experience of VAT – a tax that is almost completely harmonised at European level - shows that tax harmonisation in Europe automatically leads to higher tax rates. As a general rule, harmonised tax legislation mandates a minimum tax rate, but never a maximum tax rate, which means member states are free to introduce higher tax rates.

Nominal harmonisation is a slightly higher form of tax harmonisation in that, although countries have the same taxes as is the case in the EC for corporation tax, value added tax and income tax however, these taxes are not levied on the same tax base or by .   An overview of corporate tax issues involving the European Community. Equivalence: not quite close enough for the international harmonization of environmental standards. New push for global taxes: A renewed drive for global taxation threatens to accomplish the UN's goal of an international revenue service that would Groups seek harmony.


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Issue of tax harmonisation in the European Community by Keith Penketh Download PDF EPUB FB2

Tax Harmonization in the European Community: Policy Issues and Analysis (International Monetary Fund Occasional Paper) (No 94) [George F. Kopits] on *FREE* shipping on qualifying offers.

Tax harmonization is an integral part of completing the single European market. Expansion of the single market to the European Economic Area, and eventually to some Eastern European countries, suggests that the EC approach to tax harmonization will apply more broadly than origninally envisaged.

This study considers these issues and examines the case for. Get this from a library. Tax harmonization in the European community: policy issues and analysis.

[George Kopits; International Monetary Fund.;] -- This paper addresses the fundamental question of the extent of concerted tax harmonization that is necessary or desirable to support the completion of the single market. Get this from a library. Tax harmonization in the European Community: policy issues and analysis.

[George Kopits;]. Tax harmonization is an integral part of completing the single European market. Expansion of the single market to the European Economic Area, and eventually to some Eastern European countries, suggests that the EC approach to tax harmonization will apply more broadly than origninally envisaged.

This study considers these issues and examines the case for Author: George Kopits. This study has been concerned with the general issues that arise from the interdependency of national commodity taxation on the one hand and international trade on the other.

The discussion was applied to a specific institutional setting, given by the taxation of value added in the European Community's internal market. The abolition of border controls raises two distinct questions for tax.

Tax harmonization can be achieved spontaneously (through market forces), by the actions of European institutions (fiscal policy coordination, the harmonization of tax laws, etc.), or by action of the European Court of Justice (prohibiting certain national tax.

The purpose of this paper is to discuss the major issues of tax harmonization arising if Austria became a member of the EEC and was thus able to participate fully in the Single European.

Download European Community Tax Harmonization and the Implications for U.S. Tax Policy. Special Academic Paper. Executive Summary Just as the U.S. Congress is most productive the last few months of the legislative session, so too, the European Community (EC) made most of its progress on tax harmonization’ to date in the last few years before the deadline.

Through the arguments for corporate tax harmonization in the EU and describing the current stage of this process, the legislative rules which are insufficient to solve the many problems implied by the proper functioning of the Single Market, are revealed.

The book also exposes the issues involved in the consolidation of the corporate tax base. This book deals with tax harmonization and financial integration in Europe.

Both national perspectives and the perspective of the European Community are offered. In addition, a French, a German and an EFTA view of the state of economic integration in Europe are presented.

Commodity Tax Harmonization in the European Community A General Equilibrium Analysis of Tax Policy Options in the Internal Market.

Authors: Haufler, Andreas Free Preview. Buy this book eB59 € price for Spain (gross) Buy eBook ISBN ; Digitally watermarked, DRM-free; Included format: PDF; ebooks can be used on all.

The corporate tax policy of the European Commission has proved one of the major failures in the history of the European Community.

Despite efforts by the European Commission throughout the thirty years of its existence and pressure from the business community, little progress has been made in harmonizing corporate taxation in the European Author: Adolfo J.

Martin Jiménez. Due to fierce political resistance from member states, current plans are restricted to the harmonisation of tax bases and the offsetting of losses. The all-important issue of the allocation and taxation of profits is to be decided at a “later date” – in other words, maybe never.

Read "Tax harmonization in the European Community: Policy Issues and Analysis" by George Mr. Kopits available from Rakuten Kobo. Tax harmonization is an integral part of completing the single European market. Expansion of the single market to the Eu Brand: INTERNATIONAL MONETARY FUND.

European Community Tax Harmonization A. Introduction Just as the U.S. Congress is most productive the last few months of the legislative session, so too, the European Community (EC) made most of its progress on tax harmonization' to date in the las t few years before the deadline.

Actu-ally, the term tax harmonization is a misnomer. VAT Rates in European Union Member States, as of January ; Note: When one of the major EU VAT directives was adopted insome EU countries were applying reduced, super-reduced or zero rates to goods and services that were not specified by the new regulations as falling within the zero-rate or reduced rate categories.

To ease the transition to a standard rate. Commodity Tax Harmonization in the European Community: A General Equilibrium Analysis of Tax Policy Options in the Internal Market (Studies in Contemporary Economics) Andreas Haufler This book has been written while the author was a member of the long-term research program.

The European Commission is currently seeking a rapid accelaration of the process of commodity tax harmonisation within the European Community. Substantial changes in domestic tax structures are envisaged, yet the welfare-theoretic basis of the policy has remained obscure.

European Reform. Tax harmonisation is not an end in itself. The Treaty of Rome asserts that the harmonisation of indirect taxes is only necessary to fulfill the smooth functioning of the Single Market. In an area we know well—tobacco taxation—this has led to a harmonised ‘tax framework’ but not full harmonisation of tax rates.

Ultimately. Description of Harmonisation. The Concise Encyclopedia of the European Union describes harmonisation in the following terms: [1] Harmonisation (referred to in the Treaty of Rome as approximation) is the legal process of standardisation implicit in the creation of the single market.

If carried out thoughtlessly, harmonisation can have the effect of ironing out comparative .The European Parliament is now working on an issue of critical importance: that of the ultimate VAT system.

For the past fifteen years Europe has lived according to a supposedly temporary system. The proposed reshaping of this should help to settle the issue for VAT fraud that costs the European economy nearly billion € per year.Moreover, some Member States fear that a common corporate tax base could imply harmonisation of tax rates.

The proposal of a CCTB consists in existing national corporate tax systems plus a new one which would represent a new harmonised EU rule for the definition of a common tax base on a European level.