Devereux, Michael P.; Liu, Li; Loretz, Simon - In: American Economic Journal: Economic Policy 6 (2014) 2, pp. 19-53
We estimate the elasticity of corporate taxable income with respect to the statutory corporation tax rate using the population of UK corporation tax returns. We analyze bunching in the distribution of taxable income at kinks in the marginal rate schedule. We decompose this elasticity into an...