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With economic integration rapidly growing at all level, understanding the incentives that this provides in the design of fiscal policies at the national level is fundamental. The most obvious implication of international competition on the taxation of mobile factors is a race to the bottom in...
Persistent link: https://www.econbiz.de/10012729393
This paper assesses the importance of taxation on foreign direct investment contributing to the literature in two ways. First, it relates bilateral FDI among OECD countries over the 1990s to a new set of estimates of corporate tax wedges that include many relevant aspects of FDI taxation....
Persistent link: https://www.econbiz.de/10012732911
Despite enormous growth in international capital flows, capital-output ratios continue to exhibit substantial heterogeneity across countries. We explore the possibility that taxes, particularly corporate taxes, are a significant source of this heterogeneity. The evidence is mixed. Tax rates...
Persistent link: https://www.econbiz.de/10012775558
We develop a framework in which the host country productivity has a positive effect on the intensive margin (the size of FDI flows), but only an ambiguous effect on the extensive margin (the likelihood of FDI flows to occur). The source-country productivity has a negative effect on the extensive...
Persistent link: https://www.econbiz.de/10012776952
Current policy initiatives taken by the EU and the OECD aim at abolishing preferential corporate tax regimes. This note extends Keen's (2001) analysis of symmetric capital tax competition under preferential (or discriminatory) and non-discriminatory tax regimes to allow for countries of...
Persistent link: https://www.econbiz.de/10012778991
This paper analyses the development of the ratio of corporate taxes to wage taxes using a simple political economy model with internationally mobile and immobile firms. Among other results, our model predicts that countries reduce their corporate tax rate, relative to the wage tax, either when...
Persistent link: https://www.econbiz.de/10012780459
The standard tax theory result that investment should not be distorted is based on the assumption that profits are locally bound. In this paper we analyze the optimal tax policy when firms are internationally mobile. We show that the optimal policy response to increasing firm mobility may be...
Persistent link: https://www.econbiz.de/10012784085
Tax avoidance by major multinational enterprises (MNEs) has been extremely topical after the great financial crisis of 2008. As a result, the Organisation for Economic Cooperation and Development (OECD) in 2013 commenced a project known as the “base erosion and profit shifting” (BEPS)...
Persistent link: https://www.econbiz.de/10012908601
This paper reports OECD effective corporate tax rates for new investment for 2017. Under prior law, a high U.S. statutory corporate income tax rate meant that U.S. effective tax rates generally exceeded effective tax rates in other OECD and G-7 countries. To gauge the impact of tax reform on the...
Persistent link: https://www.econbiz.de/10012908995
Corporate income taxation, by affecting the after-tax cost of funding, has implications for a bank's incentive to securitize. Using a sample of OECD banks over the period 1999-2006, we find that corporate income taxation led to more securitization at banks that are constrained in funding...
Persistent link: https://www.econbiz.de/10012938333