The effective tax burden of companies in the member states of the EU : the perspective of a multinational investor

Jacobs, Otto H. ; Spengel, Christoph

JacobsSpengel_2001_The_Effective_Tax_Burden_of_Companies_in_the_Member_States_of_the_EU_baker_mckenzie2001.pdf - Published

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URN: urn:nbn:de:bsz:180-madoc-400233
Document Type: Working paper
Year of publication: 2001
Place of publication: Mannheim
Publication language: English
Institution: Business School > ABWL u. Betriebswirtschaftliche Steuerlehre II (Spengel)
Subject: 330 Economics
Abstract: This study presents estimates of the effective levels of company taxation in the 15 Member States of the EU. The study is established from the perspective of a multinational investor and provides relevant qualitative and quantitative information about the company tax regimes in the EU Member States which are in force in 2001. The main aim of the study is to compute and to compare effective marginal tax rates (EMTR) on domestic investment in all 15 EU Member States. A secondary aim is to work out the impact of the different tax drivers on the effective tax burden, i.e. to analyse how the EMTRs of the Member States are influenced by the tax systems, the different types of profit and non-profit taxes, the tax bases and the tax rates. The computation of the EMTR and the quantitative analysis is based on the well known approach of King and Fullerton which is also used, for example, in international tax burden comparison by the OECD and the European Commission. We refer to a typical manufacturing company as a base case. This company – which has the legal structure of a corporation – is characterised by a particular combination of investments and forms of finance. We considered five different types of investment: intangibles, industrial buildings, machinery, financial assets and inventories. The financing policy considered three sources of finance: new equity capital, retained earnings and debt. The calculations take into account the most relevant tax provisions. Relating to company taxation, we considered the corporation tax, additional profit taxes and non-profit taxes, the tax rates and the most relevant aspects of the tax base. Chapter B presents a brief and well structured overview on the company tax regimes in the EU Member States.

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