Taxing Capital Income in the European Union Issues and Options for Reform [Hardcover]

Following the introduction of the euro, the European Union has started to debate the desirability and feasibility of more co-ordination in the field of capital income taxation. In contrast with product taxes, the EU Treaty does not provide for explicit authority to harmonize income taxes. So far, little co-ordination has taken place, even though the capital income tax base is much more mobile and hence more difficult to tax than consumption. The papers in this volume attempt to foster discussion on whether, where, and how capital income should be taxed.

1. Summary and Discussion,Sijbren Cnossen
2. Taxation of Capital Income vs. Labour Income: An Overview,Roger H. Gordon
3. Interjurisdictional Equity in Company Taxation: Principles and Applications to the European Union,Peggy B. Musgrave
4. Source- vs. Residence-based Taxation in the European Union: The Wrong Question?,Richard M. Bird and J. Scott Wilkie
5. Issues in the Taxation of Income from Foreign Portfolio and Direct Investment,Michael P. Devereux
6. The Taxation of Interest in Europe: A Minimum Withholding Tax?,Harry Huizinga and S?ren Bo Nielsen
7. Levelling Up or Levelling Down? Some Reflections on the ACE and CBIT Proposals, and the Future of the Corporate Tax Base,Stephen R. Bond
8. Taxing Capital Income in the Nordic Countries: A Model for the European Union?,Sijbren Cnossen
9. Transfer Pricing and Income Shifting in Integrating Economies,T. Scott Newlon
10. Deciding whether the European Union should Adopt Formula Apportionment of Company Income,Charles E. McLure, Jr. and Joann M. Weiner

Sijbren Cnossen is Professor of Tax Law and Public Finance at the Economics Faculty of Erasmus University, Rotterdam, and Visiting Global Professor of Law at New York University