Table 1
Comparison of the corporate capital gains taxation models in the European Union countries (2014)
| Capital gains tax exemption | Full exemption on capital gains on shares | Partial exemption on capital gains on shares | Full exemption of capital gains on some other assets in addition to shares | Partial exemption on capital gains on some shares and some other assets in addition to shares | Full exemption on capital gains on other assets than shares | No corporate capital gains tax exemption |
|---|---|---|---|---|---|---|
| Austria | Belgium | Cyprus | Portugal | Poland | Croatia | |
| Bulgaria | France | Estonia | Greece | |||
| Czech | Italy | Hungary | Slovakia | |||
| Republic | ||||||
| Germany | Slovenia | Spain | ||||
| Ireland | ||||||
| Latvia | ||||||
| Lithuania | ||||||
| Luxembourg | ||||||
| Malta | ||||||
| Netherlands | ||||||
| Romania | ||||||
| United | ||||||
| Kingdom |
Table 2
Comparison of the corporate capital gains taxation models in the Nordic countries (2016)
| Denmark | Finland | Iceland | Norway | Sweden | |
|---|---|---|---|---|---|
| Tax rate | 22 | 20 | 20 | 25 | 22 |
| Capital gains tax treatment in normal case | Ordinary income | Ordinary income | Ordinary income | Ordinary income | Ordinary income |
| Capital gains tax exemption | Sale of subsidiary and group shares | Sale of shares | Sale of shares | Sale of shares | Sale of business- related shares |
Figure 1
A possible realistic Nordic model for taxing intercorporate capital gains