Country-by-Country Reporting: A Step Towards Unitary Taxation?
Miguel Viegas (mlbv@ua.pt) and
António Dias (acgdias@utad.pt)
Additional contact information
Miguel Viegas: Universidade of Aveiro
António Dias: Universidade of Trás-os-Montes e Alto Douro
Intereconomics: Review of European Economic Policy, 2021, vol. 56, issue 3, 167-173
Abstract:
Abstract Multinational companies are now obliged to deliver an annual report to the tax authorities with information disaggregated by country (country-by-country reporting) in order to show where the assets and workers are allocated, how profits are distributed and to whom taxes are paid. Unfortunately, these reports are not made public in the European Union, thus preventing public scrutiny about the strategies used by multinational companies to displace profits to tax havens. This article applies the Unitary Taxation regime proposed by the European Commission to US multinational companies. The results confirm a strong bias among the profits distribution towards countries with lower corporate tax rates. Likewise, they confirm the capacity of the Unitary Taxation to promote a fairer distribution of tax revenues. These results can be a good contribution to the current Portuguese presidency of the European Union, which managed to gather important support to move forward with the European public country-by-country reporting directive.
Date: 2021
References: Add references at CitEc
Citations:
Downloads: (external link)
http://link.springer.com/10.1007/s10272-021-0974-9 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:spr:intere:v:56:y:2021:i:3:d:10.1007_s10272-021-0974-9
Ordering information: This journal article can be ordered from
http://link.springer.de/orders.htm
DOI: 10.1007/s10272-021-0974-9
Access Statistics for this article
Intereconomics: Review of European Economic Policy is currently edited by Christian Breuer
More articles in Intereconomics: Review of European Economic Policy from Springer, ZBW - Leibniz Information Centre for Economics, Centre for European Policy Studies (CEPS)
Bibliographic data for series maintained by Sonal Shukla (sonal.shukla@springer.com) and Springer Nature Abstracting and Indexing (indexing@springernature.com).