000			01908nab a2200289 c 4500
999			_c147779 _d147779
003			ES-MaIEF
005			20230627110746.0
007			ta
008			230627t2023 ne ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100			_969823 _aFischer, Leonie
245		4	_aThe distorting effects of imputation systems on tax competition in the EU _c Leonie Fischer, Jessica M. Müller & Christoph Spengel
500			_aResumen.
500			_aAnexo.
504			_aBibliografía.
520			_aThe article researches how and to what extent the abolishment of discriminatory imputation systems in the EU Member States affected a country’s tax location attractiveness for capital investments and tax competition in the EU. It examines the impact of the replacement of discriminatory imputation systems with shareholder relief systems in five EU Member States from 1999-2019. The analysis is based on the cost of capital (CoC) and effective average tax rates (EATR) using the Devereux/Griffith methodology. The authors find that under the previous imputation systems, investments located in the shareholder's residence country had lower cost of capital and effective average tax rates compared to foreign investment alternatives. However, after the switch to shareholder relief systems, the lower cost of capital and effective average tax rates are, on average, reversed, putting tax competition pressure on the affected Member States.
650			_aIMPUESTO DE SOCIEDADES _945680
650		4	_942810 _aDIVIDENDOS
650		4	_947874 _aOPERACIONES INTRACOMUNITARIAS
650		4	_961119 _aIMPUTACIÓN DE RENTAS
650		4	_947743 _aMETODOLOGÍA
650		4	_aUNION EUROPEA _948644
700	1		_970036 _aMüller, Jessica M.
700			_95485 _aSpengel, Christoph
773	0		_9169600 _oOP 2141/2023/3 _tIntertax _w(IEF)55619 _x 0165-2826 _g v. 51, n. 3, March 2023, p. 196-218
942			_cART