Corporate Tax-Rate Harmonization
Corporate Tax-Rate Harmonization
This week's IGM European Economic Experts Panel statements:
A) Holding other policies fixed, the average European would be better off if every European country taxed corporate profits at a rate of 20% (based as closely as possible on a common definition of profits).
B) If other policies were held fixed and every European country taxed corporate profits at a common rate of 20%, then reducing that common rate substantially below 20% would make the average European better off.