| Author (Person) | Barake, Mona, Chouc, Paul-Emmanuel, Neef, Theresa, Zucman, Gabriel |
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| Author (Corporate) | Paris School of Economics: EU Tax Observatory |
| Series Title | EU Tax Observatory Reports |
| Series Details | Number 1 |
| Publication Date | June 2021 |
| Content Type | Report |
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Summary: This report estimates the amount of tax revenue that the EU could raise by imposing a minimum tax on the profits of multinational companies. The study considers several scenarios for the imposition of such a tax — ranging from an international tax agreement to unilateral measures — and a range of rates. An international agreement on a minimum rate of 25% would allow the European Union to increase its tax revenues by 170 billion in 2021, an increase of 50% of the corporate tax revenue collected today. With a minimum rate of 15%, the additional tax revenue would only amount to about 50 billion euros. An EU country that unilaterally chose to subject its multinationals to a minimum rate of 25% and taxed part of the tax deficit of non-resident companies accessing its market would increase its corporate tax revenues by around 70%. |
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| Source Link |
Link to Main Source
https://www.taxobservatory.eu/publication-june2021-report-closing-the-tax-gap-for-multinational-companies-simulations-for-the-european-union/
Alternative sources
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| Subject Categories | Taxation |
| Subject Tags | Multinationals |
| International Organisations | European Union [EU] |
