ISBN:
9783642284335
Language:
English
Pages:
Online-Ressource (XXVIII, 103p. 45 illus, digital)
Series Statement:
SpringerLink
Series Statement:
Bücher
Parallel Title:
Buchausg. u.d.T. Common Corporate Tax Base (CC(C)TB) and determination of taxable income
Keywords:
Unternehmensbesteuerung
;
Körperschaftsteuer
;
Besteuerungsverfahren
;
Vergleich
;
EU-Staaten
;
Schweiz
;
USA
;
Public finance
;
Law
;
Law
;
Public finance
;
Europäische Union
;
Rechtsvereinheitlichung
;
Körperschaftsteuer
;
Besteuerungsgrundlage
;
Rechtsvergleich
;
Europäische Union
;
Rechtsvereinheitlichung
;
Körperschaftsteuer
;
Besteuerungsgrundlage
;
Rechtsvergleich
Abstract:
York Zöllkau
Abstract:
The study conducted by the Centre of European Economic Research (ZEW), the University of Mannheim and Ernst Young contributes to the ongoing evaluation of the proposal for a Draft Council Directive on a Common Consolidated Corporate Tax Base (CC(C)TB) released by the European Commission on March 16, 2011. For the first time, details on the determination of taxable income under the proposed Council Directive are compared to prevailing corporate tax accounting regulations in all 27 Member States, Switzerland and the US. The study presents evidence on the scope of differences and similarities between national tax accounting regulations and the Directive's treatment in a complete, yet concise form. Based on this comprehensive comparison, it goes on to discuss remaining open questions and adjustments needed if the Directive is to be implemented in national tax law. Readers seeking a basis for taking an active part in the public debate will find a valuable source of information and a first impression of how the proposed CC(C)TB would affect corporate tax burdens in the European Union.
Description / Table of Contents:
Common Corporate Tax Base (CC(C)TB) and Determination of Taxable Income; Preface; Content; List of Figures; List of Tables; Abbreviations; Authors; Country Contributions; Executive Summary; Draft Council Directive on a Common Consolidated Corporate Tax Base (CCCTB); Objective of the Study; Structure of the Study; Results of Comparative Analyses (see Sections C and D.1); A Call for Clarity: Some Open Questions (see Section D.2); Summary; A. Introduction; B. Common Corporate (Consolidated) Tax Base: Some Institutional Details; B.1. The CCCTB: A Shift in Paradigm
Description / Table of Contents:
B.2. Advantages: Overcoming Tax Obstacles to Cross-Border ActivitiesB.3. Implementation Issues: Some Critical Comments; Formula Apportionment: Some General Issues; a.) Factors in the Formula: Intangibles; b.) Tax Administration: One-Stop-Shop; c.) Third Countries: Treatment of Outbound and Inbound Investments; Formula Apportionment and Tax Planning: In Favour of a Minimum Tax Rate; Entry to and Exit from the CCCTB: Taxation of Hidden Reserves
Description / Table of Contents:
C. The Determination of Taxable Income: A Comparison of the CCCTB Proposal and Current Practice in the EU Member States, Switzerland and the United StatesC.1. Methodology and Scope of the Survey; C.2. Fundamental Concepts and General Principles; C.2.1. Determination of the Tax Base: Starting Point; C.2.2. Basic Principles Underlying the Determination of the Tax Base; C.3. Elements of the Tax Base; C.3.1. Revenue; C.3.1.1. Timing of Revenue; C.3.1.2. Taxation of Unrealised Revenue; a) Financial Assets and Liabilities held for Trading; b) Long-term Contracts; c) Controlled Foreign Companies
Description / Table of Contents:
C.3.1.3. Capital Gainsa) Tangible Fixed Assets; b) Intangible Assets; c) Asset Replacement Reserve; C.3.2. Exempt Revenue; C.3.2.1. Profit Distributions; a) Profit Distributions from Substantial Shareholding; Domestic Shareholding; Foreign Shareholding; b) Profit Distributions from Portfolio Shareholding; Domestic Shareholding; Foreign Shareholding; C.3.2.2. Capital Gains upon the Disposal of Shares; a) Disposal of Substantial Shareholdings; Domestic Shareholding; Foreign Shareholding; b) Disposal of Portfolio Shares; C.3.2.3. Income of a Foreign Permanent Establishment
Description / Table of Contents:
C.3.3. Deductible ExpensesC.3.3.1. General Principles and Timing of Expenses; C.3.3.2. Stocks and Work-in-Progress; Initial Measurement; Acquisition Costs; Production Cost; Simplifying Valuation Methods; Subsequent Measurement; C.3.3.3. Bad Debt Receivables; C.3.3.4. Provisions; C.3.3.5. Pension Payments; C.3.4. Other Deductible Items; C.3.4.1. General Principles; C.3.4.2. Depreciation Base; Research and Development Costs; Improvement Cost; C.3.4.3. Low-Value Assets; C.3.4.4. Individually Depreciable Assets; Buildings; Machinery and Equipment (Long-life); Intangibles
Description / Table of Contents:
a. Internally Developed Intangibles
Note:
Description based upon print version of record
DOI:
10.1007/978-3-642-28433-5
URL:
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