Capital Taxation, Globalization, and International Tax Competition

Kenneth Stewart and Michael C. Webb ()
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Michael C. Webb: Department of Political Science, University of Victoria, https://www.uvic.ca/socialsciences/economics/

No 301, Econometrics Working Papers from Department of Economics, University of Victoria

Abstract: The historical evolution of the corporate tax burden in the OECD nations is studied, beginning with an assessment of alternative measures of the burden. Descriptive analysis of these time series reveals no evidence of a competitive "race to the bottom" in capital taxation, and little evidence of even a harmonization of the tax burden. These conclusions for the OECD and Europe as a whole are confirmed by cointegration analysis, which does however indicate that there may have been some modest harmonization within smaller groups of countries.

Keywords: Corporate tax; globalization; cointegration; convergence (search for similar items in EconPapers)
JEL-codes: C32 F36 H25 (search for similar items in EconPapers)
Pages: 46 pages
Date: 2003-02-05
New Economics Papers: this item is included in nep-afr and nep-pke
Note: ISSN 1485-6441
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:vic:vicewp:0301

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