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Revenue Implications of Destination-Based Cash-Flow Taxation
Hebous, Shafik - 2019
We estimate the revenue implications of a Destination Based Cash Flow Tax (DBCFT) for 80 countries. On a global average, DBCFT revenues under unchanged tax rates would remain similar to the existing corporate income tax (CIT) revenue, but with sizable redistribution of revenue across countries....
Persistent link: https://www.econbiz.de/10012892903
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Tax Spillovers from US Corporate Income Tax Reform
Beer, Sebastian - 2018
This paper describes, and where possible tentatively quantifies, likely tax spillovers from the U.S. corporate income tax reform that was part of the broader 2017 tax reform. It calculates effective tax rates under various assumptions, showing among other findings, how the interest limitation...
Persistent link: https://www.econbiz.de/10012912498
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An Assessment of Global Formula Apportionment
De Mooij, Ruud A. - 2019
Formula apportionment as a way to attribute taxable profits of multinationals across jurisdictions is receiving increased attention. This paper reviews existing literature and discusses experiences in selective federal states to evaluate the economic properties of formula apportionment relative...
Persistent link: https://www.econbiz.de/10012859856
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Brazil : Tax Expenditure Rationalization within Broader Tax Reform
Coelho, Maria - 2022
The excessive complexity and burden of the Brazilian tax system, riddled by cumulative indirect taxes and heavy payroll contributions, have led to an accumulation of fiscal incentives aimed at reducing its burden on taxpayers and productive activities. Federal and subnational tax expenditures...
Persistent link: https://www.econbiz.de/10013306744
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Japan's Corporate Income Tax : Facts, Issues and Reform Options
De Mooij, Ruud A. - 2014
This paper explores how corporate income tax reform can help Japan increase investment and boost potential growth …. Using international and Japan-specific empirical estimates of corporate tax elasticities, investment is predicted to expand … and 30 percent of the static revenue loss could be recovered in the long run through dynamic scoring, although Japan …
Persistent link: https://www.econbiz.de/10013048365
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Corporate Tax Reform : From Income to Cash Flow Taxes
Carton, Benjamin - 2019
This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key channels are at play. The first channel is the shift from an income tax to a...
Persistent link: https://www.econbiz.de/10012892930
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Thin Capitalization Rules and Multinational Firm Capital Structure
Blouin, Jennifer - 2014
This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...
Persistent link: https://www.econbiz.de/10013058436
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Do Temporary Business Tax Cuts Matter? A General Equilibrium Analysis
Gbohoui, William - 2019
This paper develops a dynamic general equilibrium model to assess the effects oftemporary business tax cuts. First, the analysis extends the Ricardian equivalence result toan environment with production and establishes that a temporary tax cut financed by afuture tax-increase has no real effect...
Persistent link: https://www.econbiz.de/10012889161
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Where Does Multinational Investment Go with Territorial Taxation? Evidence from the UK
Liu, Li - 2018
In 2009, the United Kingdom changed from a worldwide to a territorial tax system, abolishing dividend taxes on foreign repatriation from many low-tax countries. This paper assesses the causal effect of territorial taxation on real investments, using a unique dataset for multinational affiliates...
Persistent link: https://www.econbiz.de/10012928543
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Debt, Taxes, and Banks
De Mooij, Ruud A. - 2012
Understanding the impact of the asymmetric tax treatment of debt and equity on the capital structures of financial institutions is critical to shaping and assessing responses to the problem of excessive leverage that underlay the 2009 financial crisis - but there is no empirical evidence to draw...
Persistent link: https://www.econbiz.de/10013110092