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Two reports recently out on effective tax rates paid by corporations. One by @PetrJansky for the @GreensEP and the other by @OECDtax https://www.greens-efa.eu/files/doc/docs/356b0cd66f625b24e7407b50432bf54d.pdf … http://www.oecd.org/tax/tax-policy/corporate-tax-statistics-database-first-edition.pdf …pic.twitter.com/WoCzRVygVa
The greens report finds ETRs in EU are 8 percentage points lower than statutory rates. "MNEs may have ETR as low as 2% & as high as 30%". The OECD (looking at a wider group of countries) and find average EATR is 1 percentage point lower than statutory rate and lowest in EU is 10%
Here I took a look at the countries that overlap between the two reports. By the Green's calculation Lux, France, Austria, Finland, Belgium, Nl, Portugal Germany have much lower ETRs than by OECD. Ireland and Italy are higherpic.twitter.com/WpVqHqrKfS
NB: they are using different methodologies (both valid). The Greens is backward looking. They look at corp accounts in Orbis and divide the tax paid by profit (Data is 2011-2015). OECD is forward looking using @devereux_mike methodology which models depreciation & allowances
The OECD methodology takes account of depreciation of intangible property, such as acquired patents or trademarks, but not expenditure-based R&D tax incentives & IP regimes. Jansky refers to 'tax holidays' as the reason for the difference (he may be meaning the same thing?)
The difference is greatest in the case of Luxembourg where Jansky calculates historical ETR of 2% and OECD calculate forward looking ETR of 24.5% (#taxtwitter what do you think is going on here?)
The second edition of OECD's Corporate Tax Stats report is eagerly awaited 
It will include aggregated data from BEPS Action 13 Country-by-Country Reports (allowing backward-looking ETRs). Effects of R&D tax incentives & IP regimes will also be included in future.
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