Following the introduction of the euro, the European Union has started to debate the desirability and feasibility of more co-ordination in the field of capital income taxation. In contrast with product taxes, the EU Treaty does not provide for explicit authority to harmonize income taxes. So far, little co-ordination has taken place, even though the capital income tax base is much more mobile and hence more difficult to tax than consumption. The papers in this volume attempt to foster discussion on whether, where, and how capital income should be taxed.

• 1: Sijbren Cnossen: Summary and Discussion


• 2: Roger H. Gordon: Taxation of Capital Income vs. Labour Income: An Overview


• 3: Peggy B. Musgrave: Interjurisdictional Equity in Company Taxation: Principles and Applications to the European Union


• 4: Richard M. Bird and J. Scott Wilkie: Source- vs. Residence-based Taxation in the European Union: The Wrong Question?


• 5: Michael P. Devereux: Issues in the Taxation of Income from Foreign Portfolio and Direct Investment


• 6: Harry Huizinga and Søren Bo Nielsen: The Taxation of Interest in Europe: A Minimum Withholding Tax?


• 7: Stephen R. Bond: Levelling Up or Levelling Down? Some Reflections on the ACE and CBIT Proposals, and the Future of the Corporate Tax Base


• 8: Sijbren Cnossen: Taxing Capital Income in the Nordic Countries: A Model for the European Union?


• 9: T. Scott Newlon: Transfer Pricing and Income Shifting in Integrating Economies


• 10: Charles E. McLure, Jr. and Joann M. Weiner: Deciding whether the European Union should Adopt Formula Apportionment of Company Income

Sijbren Cnossen is Professor of Tax Law and Public Finance at the Economics Faculty of Erasmus University, Rotterdam, and Visiting Global Professor of Law at New York University