Dynamiska effekter. Return of Reaganomics

The average EU corporate tax rate has decreased from 42% to 30% in the last ten years. Europe has benefited in recent years from a dose of tax competition when it comes to corporate tax rates. The weighted average of EU-15 corporate tax rates has now dropped below 30% (lower than the US and Japan) from 42% ten years ago. The net effect, along with recent years' strong corporate profit growth, has still led to an increase in total tax revenues