Auerbach, Alan J. - In: CESifo economic studies : CESifo, a joint initiative of … 53 (2007) 2, pp. 153-171
The relative constancy of non-financial corporate tax revenues as a share of US GDP masks offsetting trends in the ratio of corporate profits to GDP (declining) and the average tax rate (increasing). The average tax rate rose steadily between 1996 and 2003, an increase largely attributable to...
