Global Examination of Corporate Taxation and Economic Activity

Dennis Lassila, Katherine Taken Smith, Lawrence Murphy Smith and Rabih Zeidan

World Economics, 2024, vol. 25, issue 4, 147-180

Abstract: In virtually every country of the world, taxation is a major issue. Taxes of course are essential for governments to operate. Yet, if excessive, taxation can be onerous for taxpayers to accumulate the funds for payment. This study provides a full-scale global examination of the relationship of corporate income tax and economic activity, as measured by GDP per capita. In addition, the study examines the relationship of corporate income tax to public debt as a percentage of GDP. Findings indicate that lower corporate income tax rates are associated with significantly higher real GDP growth. In addition, lower corporate income tax rates are associated with lower, but not significantly lower public debt as a percentage of GDP.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:wej:wldecn:939

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