A Common Tax Base for Multinational Enterprises in the by Carsten Wendt

By Carsten Wendt

Corporation taxation is a crucial aspect for the institution and the final touch of the interior industry. by contrast history, the ecu fee recommends the harmonization of the tax base within the ecu Union. Carsten Wendt analyzes the need, the concept that in addition to power benefits and results of a standard tax base for multinational organizations within the eu Union. He addresses very important matters touching on a standard tax base, resembling a definition of the consolidation and the formulation used to allocate the consolidated tax base one of the concerned member states. the writer presents replacement techniques to resolve those matters and concludes universal tax base as meant through the ecu fee could therapy a number of the present tax stumbling blocks for multinational organizations within the ecu.

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There are fixed entry costs, but these are independent of whether the firm chooses to outsource or integrate. In this event, the power of incentives dominates the integration decision. Antrás embodies this structure in a general equilibrium model with two trading countries, each of which specializes in certain intermediate input varieties and exports them worldwide. Capital-abundant countries tend to produce a larger share of capital intensive varieties than labour abundant countries. Two interesting results are derived from this model.

Knowledge-based assets are skilled-labour intensive relative to final production. − The services of knowledge-based assets are joint inputs into multiple production facilities. The added cost of a second plant is small compared to the cost of establishing a firm with a local plant. This assumption is crucial to the existence of firmspecific economies of scale. Fragmentation and skilled-labour intensity motivate vertical foreign direct investments that locate their single plant and headquarters in different countries depending on factor prices and market sizes.

Where income is received via distinct legal entities such as corporations, the ability to pay is assessed at the level of the individual who owns a corporate share, because he or she is the final recipient of income. The legal entity as such has no ability to pay. Ideally, all business income should be imputed to the individual owner and there would be no additional tax on the business unit as a separate taxpayer. In the case of distributions the additional personal tax can follow such principle.

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