Title: Accounting and financial aspects of factors influence of tax competition on the tax policy of European countries
Abstract: In particular, the sharpening of tax competition in Europe in recent years, which is
connected with EU enlargement, have prompted countries to reform their national tax
systems in the direction of the tax burden decrease on labor and capital. After analyzing
the functional relationship between factors of tax competition and the probability of rates
of corporate taxes decrease, and calculating the significance of each of the selected
factors ascertained that under the pressure of tax competition the country with higher
level of taxation (in particular Ukraine) needs to implement the ref orm in the context of
income taxation reducing by lowering corporate income tax rates. Also it was
demonstrated that individual country is able to reduce the income tax rate under the
pressure of neighboring countries with lower corporate taxation.
Publication Year: 2012
Publication Date: 2012-12-01
Language: en
Type: article
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