The Effect of the Formula Apportionment of the Common Consolidated Corporate Tax Base on Tax Revenue in the Slovak Republic
The Effect of the Formula Apportionment of the Common Consolidated Corporate Tax Base on Tax Revenue in the Slovak Republic
Author(s): Nora Grisáková, Štefan Domonkos, Tomáš Domonkos, Miroslava DolinajcováSubject(s): Economy
Published by: Ekonomický ústav SAV a Prognostický ústav SAV
Keywords: Common Consolidated Corporate Tax Base (CCCTB); tax revenues analyses; fiscal integration
Summary/Abstract: This paper evaluates the impact of the European Commission’s Proposal for a Council directive on the Common Consolidated Corporate Tax Base (CCCTB) (COM(2011) 121/4). We analyze the impact of the apportionment formula to be applied to the CCCTB on the revenues of the Slovak state budget. The sample of our analysis is composed of eleven transnational corporations operating in the Slovak Republic and other EU member states. The results indicate a decrease in tax revenues under the proposed CCCTB system in comparison to the current national tax legislation. By contrast, according to the data available, the likelihood that Slovakia will benefit from the CCCTB system by collecting more taxes seems to be low.
Journal: Ekonomický časopis
- Issue Year: 61/2013
- Issue No: 05
- Page Range: 453-467
- Page Count: 15
- Language: English