Abstract
Article 67 of the Treaty of Rome sets out as an ultimate goal of the European Community (EC) the achievement of a free flow of capital within the Community.1 While the Treaty of Rome does not explicitly provide for the harmonization of direct taxes (as it does for indirect taxes in Article 99), it does provide for the ‘approximation’ of legislation which affects the establishment or functioning of the Common Market (Article 100) or which creates distortions in the conditions of competition (Article 101).2 The harmonization of direct taxes is thus in principle not a goal in itself but simply one measure among many that may be needed to attain the desired degree of economic integration. Nevertheless, almost from the beginning of the EC, considerable importance has been attached to the task of bringing the corporate tax systems in the different countries into basic alignment, not least with respect to their relation to the personal income tax. The EC has not, however, found it easy to decide exactly what form of corporate-personal tax integration is best.
I am grateful to Sijbren Cnossen, Peggy Musgrave, David Rosenbloom, and other participants at the ISPE conference for helpful comments which have resulted in substantial changes — and, I trust, improvements — in this paper.
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Bird, R.M. (1987). Corporate-personal tax integration. In: Cnossen, S. (eds) Tax Coordination in the European Community. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-3206-2_9
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