Corporate taxes

The European Commission has proposed a fundamental reform of VAT in member states, aimed at establishing a durable, or ӤefinitiveԬ VAT regime, compatible with the requirements of the increasingly integrated European single market. Contrary to the expectations of many commentators, the proposals for the definitive regime have not simply revived the Commission's 1987 proposals for the post-1992 VAT regime. Instead, there are some striking new proposals ֠including a single VAT ӤomicileԠfor each business engaged in Europe-wide trade. This commentary describes the rationale of the Commission's new proposals, and compares it with the current ӴransitionalԠregime and other available alternatives.

This commentary discusses the background to the policy, presents the economic arguments for and against the levy, and examines some of the issues about how the levy might actually operate in practice.

Non-domestic rates are a tax that is formally levied on the occupiers of nondomestic property in the United Kingdom.

Double taxation of company dividends is reduced in the UK by a partial imputation system of corporation tax, which was introduced in 1973.

The tax treatment of company dividend payments is an area where corporate taxation interacts with the personal income tax.

The national non-domestic rate was introduced in 1990 to replace a system of locally varying business rates which had lasted for almost four centuries. Five years after the. 1990 reforms, this report evaluates the operation of the present system and discusses various options for reform.

Proceedings of the IFS conference held on 24 June examining the possible solution to surplusAdvance Corporation Tax suggested by the Chancellor in his March 1993 Budget Speech.

Few subjects can have received so much serious study recently as the reform of corporate taxation.

It is widely agreed that, in the absence of specific corrective aims, the corporate tax system should aim for neutrality.

This report by the Capital Taxes Group examines what impact distortions have on the taxation of capital and whether or not these are an unavoidable consequence of governments' desire to tax companies.