The Race to the Bottom? Corporate Taxes and the Competition for Capital

European economic integration has required leaders in Eastern Europe to adopt a specific consumption tax regime. It has also generated pressures and constraints on how governments tax corporations. The competition for investment within Europe, when combined with restrictions posed by European law, h...

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Bibliographic Details
Published inTax Politics in Eastern Europe p. 60
Main Author Appel, Hilary
Format Book Chapter
LanguageEnglish
Published United States University of Michigan Press 28.07.2011
Subjects
Behavioral economics
Behavioral finance
Behavioral sciences
Business
Business economics
Communism
Corporate finance
Corporate income taxes
Corporate investments
Corporate taxes
Direct taxes
Economic disciplines
Economics
Finance
Financial economics
Financial incentives
Financial investments
Governance
Government
Income taxes
Investment tax credits
Personal income taxes
Political change
Political ideologies
Political philosophy
Political processes
Political reform
Political science
Politics
Postcommunism
Tax benefits
Tax credits
Tax incentives
Tax reform
Taxation
Taxes
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Summary:European economic integration has required leaders in Eastern Europe to adopt a specific consumption tax regime. It has also generated pressures and constraints on how governments tax corporations. The competition for investment within Europe, when combined with restrictions posed by European law, has limited the flexibility of leaders in taxing the business sector. As a result, East European leaders on both the right and the left of the political spectrum profess the need to lower corporate tax rates in order to remain competitive regionally and globally. Indeed, the globalization of finance and the international competition for foreign direct investment have
ISBN:9780472117765
0472117769