TY - JOUR
TI - Impact of Brexit on Corporate Taxes in the European Union
AU - Čejková, Tereza
TI - Impact of Brexit on Corporate Taxes in the European Union
AB - So-called Brexit and its consequences for the United Kingdom and the Member States of the European Union have been a major topic for several years. There are various conjectures, theories and quality research to address the effects of both options - with or without an agreement - on a variety of economic and political areas. In addition to discussions on the conditions for the United Kingdom's withdrawal from the community, the Union has been trying for many years to harmonize the Corporate Tax legislation. There are ambitions to fully unify the rules and to introduce new stricter measures against tax evasion.In this article, the author examines how one topic affects the other, how important will be the Brexit’s role in the Union's efforts to achieve corporate tax harmonization to date, then she analyses some of the theories and expert estimates, compares them with relevant EU legislation focusing on Corporate Tax obligations, and gives an overview of possible endings. In conclusion, the hypothesis that the remaining Member States should unify their approach to UK entities concerning tax policies as far as possible in order to avoid confusion and difficulties in taxpayers' legal systems and to open the door to tax evasion, will be refuted or confirmed in the conclusion of the article.
VL - 2019
IS - Issue 15 (3)/ 2019
PY - 2019
C1 - 2299-6834
SP - 38
EP - 52
DO - 10.4467/22996834FLR.19.013.11269
UR - https://ejournals.eu/en/journal/financial-law-review/article/impact-of-brexit-on-corporate-taxes-in-the-european-union
KW - Corporate Tax
KW - Brexit
KW - tax harmonisation
KW - CC(C)TB.