Corporate income taxes around the world: a survey on forward-looking tax measures and two applications
Georg U. Thunecke and
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 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)
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.
Working Paper: Corporate Income Taxes Around the World - A Survey on Forward-looking Tax Measures and Two Applications (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
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
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 ().