Tax Competition phenomenon is well known since a long time, but in the last fifteen years it has grown up until reaching relevant levels. This process has also affected Europe, where tax competition has developed in two different ways. The first is the <> process, concerning corporate tax rates. In the period 1995-2014, the average EU-28 rate of those rates decreased by 12 percentage points. The second process, concerning mostly multinationals (above all, the ones of digital sector), known as Base Erosion and Profit Shifting (BEPS), has determined a very deep reduction of fiscal burden of these last. In this case, the phenomenon is called harmful tax competition and it shows a double negative incidence. By one side, it creates fiscal asymmetries among different member States, slowing European integration process. By the other side, it determines a deep reduction of tax revenue the same States may collect by income corporate taxes. The European Union tried to address this phenomenon, but until now, the strategy pursued was aimed in protecting the single market, as harmful tax competition has been considered a distortion factor to the implementation of this goal. Instead, it seems that EU has not properly assessed the impact that the lacks of revenue may have on protecting social rights. This book address this issue, trying to understand if, after the Lisbon treaty, is a possible duty of Europe to protect a, at least minimum, level of social rights.
|Editore||WOLTERS KLUWER - CEDAM|
|Numero di pagine||393|
|Stato di pubblicazione||Published - 2019|