Corporation taxes in the European Union: Slowly moving toward comprehensive business income taxation?

This paper is a substantial revision of a paper presented at the 71st Annual Congress of the International Institute of Public Finance (Dublin, 20–23 August, 2015), which was issued under the title Tackling Spillovers by Taxing Corporate Income in the European Union at Source, as CPB Discussion Paper 324 (February 2016) and as CESifo Working Paper No. 5790 (March 2016).This paper surveys and evaluates the corporation tax systems of the Member States of the European Union on the basis of a comprehensive taxonomy of actual and potential regimes, which have as their base either profits; profits, interest and royalties; or economic rents. The current regimes give rise to various instate and interstate spillovers, which violate the basic tenets—neutrality and subsidiarity—of the single market. The trade-offs between the implications of these tenets—harmonization and diversity, respectively—can be reconciled by a bottom-up strategy of strengthening source-based taxation and narrowing differences in tax rates. The strategy starts with dual income taxation, proceeds with final source withholding taxes and rate coordination, and is made complete by comprehensive business income taxation. Common base and cash flow taxation are not favored.http://link.springer.com/journal/10797am2017Economic

Feedback Stabilization Of Nonlinear Systems

This paper surveys some well-known facts as well as some recent developments on the topic of stabilization of nonlinear systems. 1 Introduction In this paper we consider problems of local and global stabilization of control systems x = f(x; u) ; f(0; 0) = 0 (1) whose states x(t) evolve on IR n and with controls taking values on IR m , for some integers n and m. The interest is in finding feedback laws u = k(x) ; k(0) = 0 which make the closed-loop system x = F (x) = f(x; k(x)) (2) asymptotically stable about x = 0. Associated problems, such as those dealing with the response to possible input perturbations u = k(x) + v of the feedback law, will be touched upon briefly. We assume that f is smooth (infinitely differentiable) on (x; u), though much less, --for instance a Lipschitz condition,-- is needed for many results. The discussion will emphasize intuitive aspects, but we shall state the main results as clearly as possible. The references cited should be consulted, however, f..

Limits to redistribution in late democratic transitions: the case of Spain

This chapter reviews the experience of one country from the European periphery, Spain, in the period 1960 to 1990. It addresses the possibilities to build up an operative welfare state after recent democratization—past the golden age of economic growth in Western economies, and during the second globalization. The new context made it difficult to develop determined redistributive policies where they had been absent before. Economic distress, increasing capital mobility, and new tax ideas challenged the chances of progressive taxation. Furthermore, the recent dictatorship cast long-lasting shadows in the new representative institutions. This study of the Spanish experience is thus an analysis of time-specific and polity-specific constraints on redistribution, which other new democracies might have faced or could encounter in the near future