The incidence of the corporate tax

Eric Toder

Chapter 4 in Research Handbook on Corporate Taxation, 2023, pp 38-55 from Edward Elgar Publishing

Abstract: Most analysts believe that capital owners bear a major share of the burden of the corporate tax. Because capital income is concentrated among high-income individuals, the corporate tax is a highly progressive revenue source. Mainstream views on who pays the corporate income tax have evolved over time, reflecting new analytical approaches and changes in the economy. Increased international mobility of capital over the past few decades has increased the share of burden analysts assign to labor income, reflecting the increased ability of corporate capital to move overseas to shift the tax burden to less mobile factors of production. But the growth in the importance of intangible capital as a business asset has increased the share of profits that represent economic rent instead of the normal return needed to attract capital, thereby increasing the share of the tax paid by shareholders and other corporate stakeholders, such as top management.

Keywords: Law - Academic (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781803923116.00009 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

Related works:
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:elg:eechap:21557_4

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().