Global minimum corporate income tax: Challenges and prospects for Uganda

Corti Paul Lakuma and Rehema Kahunde

No wp-2023-137, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper simulates the impact of the global minimum corporate tax rate (GMCTR) in Uganda by estimating the difference between the mechanical and the behavioural changes in tax revenue. Overall, implementation of GMCTR will increase tax revenue, and the revenue increase is inversely proportional to the behavioural response. The differences in elasticities may introduce tax competition. In addition, the revenue gain is positive but quantitatively small. There are also sectoral differences in revenue gain resulting from the GMCTR.

Keywords: Corporate tax; Effective tax rate; Tax revenue; Tax administration; Base erosion; Profit shifting (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-acc, nep-pbe and nep-pub
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Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2023-137

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