<abstract xmlns="http://www.w3.org/1999/xhtml"><p>One of the main objectives to be accomplished by the European Union law is to eliminate barriers to the functioning of domestic market and in particular improve the competitiveness of enterprises. After several years of efforts, the European Commission approved a proposal for the directive on a Common Consolidated Corporate Tax Base which is to remove obstacles to the functioning of internal market and increase tax harmonization. The article is aimed at presenting the essence of CCCTB in the theory of corporate finance and its importance for enterprises, based on the survey of Polish and EU companies. The paper addresses issues relating to tax in corporate finance. Canons of taxation will be discussed and special emphasis will be placed on principles behind formulating fiscal law provisions (including the EU law). Furthermore, the article presents the results of surveys into the importance of taxation cannons for Polish and EU companies.</p></abstract>

One of the main objectives to be accomplished by the European Union law is to eliminate barriers to the functioning of domestic market and in particular improve the competitiveness of enterprises. After several years of efforts, the European Commission approved a proposal for the directive on a Common Consolidated Corporate Tax Base which is to remove obstacles to the functioning of internal market and increase tax harmonization. The article is aimed at presenting the essence of CCCTB in the theory of corporate finance and its importance for enterprises, based on the survey of Polish and EU companies. The paper addresses issues relating to tax in corporate finance. Canons of taxation will be discussed and special emphasis will be placed on principles behind formulating fiscal law provisions (including the EU law). Furthermore, the article presents the results of surveys into the importance of taxation cannons for Polish and EU companies.

Corporate Tax in European Union and the Theory of Corporate Finance

University of Szczecin, Faculty of Economics and Management, Department of Corporate Finance and Taxation, Mickiewicza 64, 71-101 Szczecin, Poland

Folia Oeconomica Stetinensia

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

{"article-title":"Corporate Tax in European Union and the Theory of Corporate Finance"}

One of the main objectives to be accomplished by the European Union law is to eliminate barriers to the functioning of domestic market and in particular...

Corporate Tax in European Union and the Theory of Corporate Finance

Online veröffentlicht: 30. Apr. 2016

Seitenbereich: 66 - 80

Eingereicht: 14. Apr. 2015

Akzeptiert: 05. Nov. 2015

DOI: https://doi.org/10.1515/foli-2015-0036

Schlüsselwörter
income tax, CCCTB, corporate finance

© 2015 University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Corporate Tax in European Union and the Theory of Corporate Finance

Online veröffentlicht: 30. Apr. 2016

Seitenbereich: 66 - 80

Eingereicht: 14. Apr. 2015

Akzeptiert: 05. Nov. 2015

DOI: https://doi.org/10.1515/foli-2015-0036

Schlüsselwörterincome tax, CCCTB, corporate finance

© 2015 University of Szczecin

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Schlüsselwörter
income tax, CCCTB, corporate finance