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Stratégies des multinationales et recettes publiques sous des systèmes fiscaux alternatifs

Marcel Gérard


In this article, a case study about an international invest­ment is first used to compare the behaviours of a multi­national enterprise operating under the current system of separate accounting and its effects on governments’ rev­enues; in a first scenario, the enterprise does not adopt strategical behaviours, then it does. The article then moves the enterprise to the debated system of consolidation and formulary apportionment; it is shown especially that not only the risk of increased tax competition, but also the size and interjurisdictional distribution of revenues, depend on the apportionment rule adopted. Cases are set forth where that distribution allows for side payments such that no government is made worse off by the reform; it may thus be adopted unanimously. That observation paves the way for researches on taxation in Europe seen as evolving in a global world, as well as on decision taking mechanisms within the European Union.

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Electronic reference

Marcel Gérard, “Stratégies des multinationales et recettes publiques sous des systèmes fiscaux alternatifs”Économie publique/Public economics [Online], 18-19 | 2006/1-2, Online since 17 October 2007, connection on 18 July 2024. URL:; DOI:

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About the author

Marcel Gérard

Louvain School of Management, FUCaM (Mons, Belgique), CESifo et IDEP.

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The text and other elements (illustrations, imported files) are “All rights reserved”, unless otherwise stated.

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