Corporate tax revenues in OECD countries |
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Authors: | Kimberly A Clausing |
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Institution: | (1) Wellesley College, 106 Central St., Wellesley, MA, 02481 |
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Abstract: | This paper studies variation among OECD countries in the size of corporate income tax revenues relative to GDP over the time
period 1979–2002. A decomposition explains such variation as a function of the statutory tax rate, the breadth of the tax
base, corporate profitability, and the share of the corporate sector in GDP. Empirical results indicate a parabolic relationship
between tax rates and revenues, implying a revenue-maximizing corporate income tax rate of 33% for the whole sample. This
revenue-maximizing rate is found to decrease as economies are smaller and more integrated with the world economy.
JEL Classification H25, H87 |
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Keywords: | Corporate income taxation Corporate income tax revenues World tax competition Multinational corporations |
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