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Overhauling Corporate Taxation in the Digital Economy
Report

Overhauling Corporate Taxation in the Digital Economy

Loredana Carpentieri, Stefano Micossi and Paola Parascandolo
CEPS, 2019
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Editorial Rating

7

Qualities

  • Analytical
  • Overview
  • For Experts

Recommendation

Introduced in the 1950s, the corporate income tax has since evolved, but a comprehensive update is long overdue. Because of globalization and technology, digital transactions and intellectual property now prevail over physical assets in most corporate financial statements. Tax specialists Loredana Carpentieri, Stefano Micossi and Paola Parascandolo examine the origins, efficacy and reform possibilities of the corporate income tax in this authoritative report for fiscal experts, economists and executives.

Take-Aways

  • Governments continue to modify their corporate tax structures to motivate companies to set up or remain in their countries.
  • Corporate executives have reduced their firms’ tax exposures amid globalization and digital transformation.
  • To more effectively collect revenue, authorities must fundamentally revamp the corporate income tax.

About the Authors

Loredana Carpentieri is a professor of tax law at the Parthenope University of Naples. Stefano Micossi is director general of Assonime, a corporate trade group, where Paola Parascandolo is the chief economist.

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