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...
Saved in:
Published in | Tax Politics in Eastern Europe p. 60 |
---|---|
Main Author | |
Format | Book Chapter |
Language | English |
Published |
United States
University of Michigan Press
28.07.2011
|
Subjects | |
Online Access | Get full text |
Cover
Loading…
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 |