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Corporate Taxation in the European Union: The Role of Intangibles in the Formulary Apportionment

Review of economic perspectives, 2023-09, Vol.23 (3), p.181-201 [Peer Reviewed Journal]

2023. This work is published under http://creativecommons.org/licenses/by-nc-nd/3.0 (the “License”). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 1804-1663 ;ISSN: 1213-2446 ;EISSN: 1804-1663 ;DOI: 10.2478/revecp-2023-0006

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  • Title:
    Corporate Taxation in the European Union: The Role of Intangibles in the Formulary Apportionment
  • Author: Mlčúchová, Markéta
  • Subjects: Apportionment ; BEFIT ; C21 ; common consolidated corporate tax base ; formulary apportionment ; H25 ; Intangible assets ; K34 ; Measures of variability ; Profitability ; Regression analysis ; Taxation
  • Is Part Of: Review of economic perspectives, 2023-09, Vol.23 (3), p.181-201
  • Description: This paper seeks to contribute to the current debate on EU-wide corporate taxation, steered by the impending Proposal by the European Commission on a new framework for the taxation of income of businesses in Europe. The objective of this paper is to verify whether the inclusion of intangible assets enhances the ability of the current proposals for Formulary Apportionment to explain variability in profitability. The research question addressed is “What is the explanatory power of the Formulary Apportionment, for factors such as tangible assets, intangible assets, labour and sales by destination, to describe the variability in the profitability of companies active within the EU internal market?”. The paper employs regression analysis of cross-sectional microeconomic data to analyse the explanatory power of the Formulary Apportionment. The research reveals that the inclusion of intangible assets fails to enhance the explanatory power and that factoring in intangible assets does not appear to have a statistically significant effect in the model. The best-performing model, without the inclusion of intangible assets, explained 22.6 % of the variability in the profitability of companies active within the EU internal market.
  • Publisher: Brno: Sciendo
  • Language: English;Czech
  • Identifier: ISSN: 1804-1663
    ISSN: 1213-2446
    EISSN: 1804-1663
    DOI: 10.2478/revecp-2023-0006
  • Source: DOAJ Directory of Open Access Journals
    Alma/SFX Local Collection
    Walter De Gruyter: Open Access Journals
    Coronavirus Research Database
    ProQuest Central
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