EconPapers    
Economics at your fingertips  
 

Corporate income taxes around the world: a survey on forward-looking tax measures and two applications

Elias Steinmüller, Georg U. Thunecke and Georg Wamser
Additional contact information
Elias Steinmüller: University of Tübingen
Georg U. Thunecke: University of Tübingen

International Tax and Public Finance, 2019, vol. 26, issue 2, No 7, 418-456

Abstract: Abstract This study provides a survey on corporate taxes around the world. Our analysis has three main objectives. First, we collect tax data and calculate (forward-looking) effective tax measures for a large sample of countries and recent years. We particularly describe how these measures vary over time and across countries. Second, we augment the country-level information with firm- and industry-level data (providing weights for financial structure and asset composition) to contrast statutory measures at the level of countries with measures accounting for firm- and industry-specific weights. Third, we utilize our new data to (i) estimate Laffer-Curves, i.e., the relationship between statutory tax rate and tax revenue, based on nonparametric as well as parametric specifications; (ii) examine how taxes affect investment in fixed assets at the level of firms. As for the latter, our preferred specification, in which we use a firm-specific effective marginal tax rate to capture tax incentives, suggests an elasticity of $$-\,0.33$$ - 0.33 .

Keywords: Corporate taxes; Depreciation allowances; Effective marginal (average) tax rates; Laffer-Curve; Investment responses (search for similar items in EconPapers)
JEL-codes: H25 H21 F23 F61 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s10797-018-9511-6 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: Corporate Income Taxes Around the World - A Survey on Forward-looking Tax Measures and Two Applications (2018) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:itaxpf:v:26:y:2019:i:2:d:10.1007_s10797-018-9511-6

Ordering information: This journal article can be ordered from
http://www.springer. ... ce/journal/10797/PS2

DOI: 10.1007/s10797-018-9511-6

Access Statistics for this article

International Tax and Public Finance is currently edited by Ronald B. Davies and Kimberly Scharf

More articles in International Tax and Public Finance from Springer, International Institute of Public Finance Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2020-11-29
Handle: RePEc:kap:itaxpf:v:26:y:2019:i:2:d:10.1007_s10797-018-9511-6