Corporate Tax Harmonization in the European Union

Ulrich Schreiber
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Ulrich Schreiber: University of Mannheim

Chapter 5 in International Company Taxation, 2013, pp 117-134 from Springer

Abstract: Abstract A European group faces many different tax systems. The group’s profit is allocated to the Member States where the group has taxable activities on the basis of separate entity accounting and the arm’s length principle. Profit determination according to the different tax codes of the Member States as well as profit allocation by transfer prices can entail double taxation caused by overlapping tax bases as well as high compliance and administrative costs. In the view of the European Community these are the major tax obstacles to the full realization of the internal market. Doing business in Europe should neither be distorted by taxes nor should it entail additional compliance and administrative costs.

Keywords: Formula Apportionment; Hide Reserve; Profit Allocation; Historical Cost Accounting; Business Reorganization (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-642-36306-1_5

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DOI: 10.1007/978-3-642-36306-1_5

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