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Pareto-improving minimum corporate taxation
Hebous, Shafik; Keen, Michael - 2021
The recent international agreement on a minimum effective corporate tax rate marks a profound change in global tax arrangements. The appropriate level of that minimum, however, has been, and remains, extremely contentious. This paper explores the strategic responses to a minimum tax, which-the...
Persistent link: https://www.econbiz.de/10012796362
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Global firms, national corporate taxes : an evolution of incompatibility
Hebous, Shafik - 2020
How did the rise of multinational enterprises (MNEs) put pressure on the prevailing international corporate tax framework? MNEs, and firms with market power, are not new phenomena, nor is the corporate income tax, which dates to the early 20th century. This prompts the question, what is...
Persistent link: https://www.econbiz.de/10012301968
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Base erosion, profit shifting and developing countries
Crivelli, Ernesto; Mooij, Ruud A. de; Keen, Michael - 2015
International corporate tax issues are prominent in public debate, notably with the G20-OECD project addressing Base Erosion and Profit Shifting ('BEPS'). But while there is considerable empirical evidence for advanced countries on the cross-country fiscal externalities at the heart of these...
Persistent link: https://www.econbiz.de/10011374730
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Corporate tax reform : from income to cash flow taxes
Carton, Benjamin; Fernandez-Corugedo, Emilio; Hunt, … - 2019
boost afforded by the tax and maintain domestic investment-saving equilibrium. The paper demonstrates that spillover effects … from the tax reform are positive in the long run as other countries' exports benefit from additional investment in the …
Persistent link: https://www.econbiz.de/10012001561
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Tax spillovers from U.S. corporate income tax reform
Beer, Sebastian; Klemm, Alexander; Matheson, Thornton - 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/10011878729
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A destination-based allowance for corporate equity
Hebous, Shafik; Klemm, Alexander - 2018
Following renewed academic and policy interest in the destination-based principle for taxing profits-particularly through a destination-based cash flow tax (DBCFT)-this paper studies other forms of efficient destination-based taxes. Specifically, it analyzes the Destination-Based Allowance for...
Persistent link: https://www.econbiz.de/10011932507
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Allowances for Corporate Equity in Practice
Klemm, Alexander - 2006
increased. Investment appears to have benefited from the reform, although the extent to which this was due to the new structure …
Persistent link: https://www.econbiz.de/10014400269
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Possible Implications of Integrating the Corporate and Individual Income Taxes in the United States
International Monetary Fund - 1990
The classical corporate profits tax in the United States involves non-neutralities between: different sources of financing; different forms of business organization; and retaining or distributing earnings and may result in the U.S. investor being at a disadvantage vis-à-vis foreign investors....
Persistent link: https://www.econbiz.de/10014396227
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Cash-Flow Tax
Schutte, Christian - 1993
The cash-flow tax has been proposed as an alternative to corporate income tax on grounds of clarity and simplicity in defining the tax base in the face of widespread departures from the comprehensive income tax in actual practice. Variants of the tax, with their advantages and disadvantages,...
Persistent link: https://www.econbiz.de/10014398739
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Japan’s Corporate Income Tax : Facts, Issues and Reform Options
Mooij, Ruud A. de - 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 … will undo positive investment effects of a rate cut. Alternative revenue sources include higher consumption and property …
Persistent link: https://www.econbiz.de/10014411442