Tax Policy in the EU in an Environment of new Fiscal Institutions and Coordination Procedures
The environment of EU tax policy has fundamentally changed in recent times. As a reaction to the European debt crisis new fiscal instruments (EFSF, ESM), new fiscal rules (Fiscal Compact) and coordination procedures (European Semester) have been established. These open new channels of Community influence on formerly autonomous fields of national policy. With this background it is the overriding objective of the network to provide a fundamental contribution to an integrated theory and empirics of European tax harmonization under this new institutional environment. Within this general objective questions like the following will be addressed: How is the past path of European tax harmonization explainable? How will the mentioned new fiscal institutions impact on tax harmonization? Will the budgetary shock which has occurred as a consequence of the financial and the debt crises change the tax competition equilibrium in Europe? How would new compensatory instruments within the EU budget influence the perspective of tax harmonization if these new instruments would offer an equalization of distributive effects which may result from harmonization steps? What would be the effects of specific tax harmonization concepts like for example a harmonized corporate tax base as it is promoted by the European Commission (CCCTB = Common Consolidated Corporate Tax Base)?
This project is part of a large scale project of the Leibniz Association on the transformation of financial and taxation policies in the European Union. In the section of our project, we are concerned with the transformation of these policy areas in legislative, transposition and enforcement politics with the coming into force of the Lisbon Treaty in 2009. To identify the area-specific characteristics and their transformation, we started to compile datasets of EU legislation, transposition and infringement proceedings in 2012.This will allow us to compare the characteristics of the policy area of the ECOFIN Council and two ECOFIN fields, Economic and Monetary Union and EU tax policy, with the overall development. Furthermore, we used the EULIS approach to estimate policy positions of national political parties, actors in the European Parliament, the European Commission and outcomes that reflect the context of EU legislation. Until now, we concentrate on the time period before the beginning of the euro crisis respectively the entry into force of the Treaty of Lisbon in 2009.