Why Is There Corporate Taxation In A Small Open Economy

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Why Is There Corporate Taxation In A Small Open Economy

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Author : Roger H. Gordon
language : en
Publisher:
Release Date : 1994

Why Is There Corporate Taxation In A Small Open Economy written by Roger H. Gordon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Corporations categories.

Several recent papers argue that corporate income taxes should not be used by small, open economies. With capital mobility, the burden of the tax falls on fixed factors (e.g., labor), and the tax system is more efficient if labor is taxed directly. However, corporate taxes not only exist but rates are roughly comparable with the top personal tax rates. Past models also forecast that multinationals should not invest in countries with low corporate tax rates, since the surtax they owe when profits are repatriated puts them at a competitive disadvantage. Yet such foreign direct investment is substantial. We suggest that the resolution of these puzzles may be found in the role of income shifting, both domestic (between the personal and corporate tax bases) and cross-border (through transfer pricing). Countries need cash-flow corporate taxes as a backstop to labor taxes to discourage individuals from converting their labor income into otherwise untaxed corporate income. We explore how these taxes can best be modified to deal as well with cross-border shifting.

Why Is There Corporate Taxation In A Small Open Economy The Role Of Transfer Pricing And Income Shifting

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Author : Roger H. Gordon
language : en
Publisher:
Release Date : 2009

Why Is There Corporate Taxation In A Small Open Economy The Role Of Transfer Pricing And Income Shifting written by Roger H. Gordon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.

Several recent papers argue that corporate income taxes should not be used by small, open economies. With capital mobility, the burden of the tax falls on fixed factors (e.g., labor), and the tax system is more efficient if labor is taxed directly. However, corporate taxes not only exist but rates are roughly comparable with the top personal tax rates. Past models also forecast that multinationals should not invest in countries with low corporate tax rates, since the surtax they owe when profits are repatriated puts them at a competitive disadvantage. Yet such foreign direct investment is substantial. We suggest that the resolution of these puzzles may be found in the role of income shifting, both domestic (between the personal and corporate tax bases) and cross-border (through transfer pricing). Countries need cash-flow corporate taxes as a backstop to labor taxes to discourage individuals from converting their labor income into otherwise untaxed corporate income. We explore how these taxes can best be modified to deal as well with cross-border shifting.

Tax Reform In Open Economies

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Author : Iris Claus
language : en
Publisher: Edward Elgar Publishing
Release Date : 2010-01-01

Tax Reform In Open Economies written by Iris Claus and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-01-01 with Business & Economics categories.

This book brings together research from some of the world s leading tax economists to discuss appropriate directions for tax reform in small open economies. The eminent contributors (including Altshuler, Creedy, Freebairn, Gravelle, Heady, Kalb, Sørensen and Zodrow) investigate the beneficial directions for medium-term tax reform in the light of global developments and lessons from the latest taxation research. In addressing this issue, they review recent advances in both the theoretical and empirical tax literature and reform evidence from individual countries. Topics covered include the impact of taxes on economic performance; international and corporate taxation; personal tax and welfare systems; environmental taxation; and country-specific tax reform experiences. Bringing together leading international experts to explore specific policy reforms, this book will prove essential reading for academics and researchers of public economics, fiscal policy and tax reform. It will also be warmly welcomed both by undergraduate and graduate students of public economics or the economics of taxation, as well as policymakers and government officials working in the area of tax policy.

Why Is There Corporation Taxation In A Small Open Economy

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Author : Roger Hall Gordon
language : en
Publisher:
Release Date : 1994

Why Is There Corporation Taxation In A Small Open Economy written by Roger Hall Gordon and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with categories.

Cash Flow Or Income

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Author : Jack M. Mintz
language : en
Publisher: World Bank Publications
Release Date : 1989

Cash Flow Or Income written by Jack M. Mintz and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with Cash flow categories.

Capital Income Taxation And The Current Account In A Small Open Economy

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Author : Yasushi Iwamoto
language : en
Publisher:
Release Date : 1989

Capital Income Taxation And The Current Account In A Small Open Economy written by Yasushi Iwamoto and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989 with categories.

Essays On Corporate Taxation In The Open Economy

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Author : Siraj Gustavo Bawa
language : en
Publisher:
Release Date : 2016

Essays On Corporate Taxation In The Open Economy written by Siraj Gustavo Bawa and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with Corporations categories.

Why Tax Corporations

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Author : Richard Miller Bird
language : en
Publisher: The Committee
Release Date : 1996

Why Tax Corporations written by Richard Miller Bird and has been published by The Committee this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business enterprises categories.

This paper discusses the divergence of views, noting a number of reasons why corporations might properly be taxed.

Corporate Taxation In Open Economies

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Author : Radek Šauer
language : en
Publisher:
Release Date : 2022

Corporate Taxation In Open Economies written by Radek Šauer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.

This paper analyzes the macroeconomic impact of corporate taxation. The analysis is conducted in a quantitative two-country model. In the first step, the paper describes the long-run effects of corporate taxation. A reduction in the corporate-income tax rate increases GDP, wages, consumption, investment, and business density. The trade balance is at the same time negatively affected. Firms headquartered in a country which lowers its corporate tax become internationally less active and instead focus more on their domestic market. In the second step, the paper presents adjustment dynamics that are induced by a corporate-tax reform. The dynamic response of the economy can substantially differ when comparing shorter and longer time horizons.

Marginal Excess Burdens Of Taxes On Capital And On Labour Income In A Small Open Economy

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Author : Matt Benge
language : en
Publisher:
Release Date : 1999

Marginal Excess Burdens Of Taxes On Capital And On Labour Income In A Small Open Economy written by Matt Benge and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Taxation categories.