Taxing Corporate Income: A Tax Halfway Across the Ford?

ITALIAN FISCAL POLICY REVIEW 2017 (eds. by Antonio ScialĂ ), RomaTrePress

18 Pages Posted: 12 Jun 2019

Date Written: 2017

Abstract

In the period 2001-2018 The corporate income taxation has been marked by the need of national legislators to respond to international competition along the two dimensions of tax rate and tax base: this response entailed the reduction of the tax rate and the broadening of the tax base, while at the same time attracting a new one, both by combating international erosion and by reducing the possibility of internal deduction. The analysis of the change that occurred in the last decades shows that similar modifications have been introduced, following also the indications of the OECD BEPS project. In a scenario marked by initiatives towards the reduction of tax base competition, two factors destabilize this search for a balance: the digitalization of the economy, and the international issues of the US tax reform. The current international tax framework seems to be inappropriate to tackle the new challenges.

Keywords: Corporate income taxation, International taxation

JEL Classification: H25, H87

Suggested Citation

Ricotti, Giacomo, Taxing Corporate Income: A Tax Halfway Across the Ford? (2017). ITALIAN FISCAL POLICY REVIEW 2017 (eds. by Antonio ScialĂ ), RomaTrePress, Available at SSRN: https://ssrn.com/abstract=3395823 or http://dx.doi.org/10.2139/ssrn.3395823

Giacomo Ricotti (Contact Author)

Bank of Italy ( email )

Via Nazionale 91
VIa Pastrengo 14
Rome, 00184
Italy

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