Tax Distortions: One Financial Asset

John Lorié

Chapter 4 in Taxes and Exchange Rates in the EU, 2006, pp 119-178 from Palgrave Macmillan

Abstract: Abstract In the introductory chapter, I already signalled that there are significant tax differences between countries of the EU. The ‘Ruding Report’ mentions in this respect what it calls basic differences of company tax systems.1 These differences relate to the scope of application of company tax, nominal company rates and differences in the company tax base or taxable income whereon the nominal rates are applied. In addition, the tax treatment of cross-border income flows between firms and investors is not the same in the various countries of the EU. This regards the divergent treatment of all cross-border income flows: dividend, interest and royalties. The reason is that withholding taxes differ in various countries and the extent and method of relief for double taxation for the investor (or firm) in residence countries are different as well.

Keywords: Public Good; Home Country; Physical Capital; Capital Gain; Financial Asset (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1057/9780230625709_4

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