Sales Tax Competition And A Multinational With A Decreasing Marginal Cost
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Global Tax Revolution
Author | : Chris R. Edwards |
Publisher | : Cato Institute |
Total Pages | : 267 |
Release | : 2008 |
Genre | : Business & Economics |
ISBN | : 1933995181 |
Introduction -- Capital explosion -- Tax cut revolution -- Flat tax club -- Mobile brains and mobile wealth -- Taxing businesses in the global economy -- The economics of tax competition -- The battle for freedom and competition -- The moral case for tax competition -- Options for U.S. policy.
2017 State Business Tax Climate Index
Author | : Jared Walczak |
Publisher | : |
Total Pages | : |
Release | : 2017-09-28 |
Genre | : |
ISBN | : 9781942768128 |
The Tax Foundation's State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states' tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems, and provides a roadmap to improving these structures.
2018 State Business Tax Climate Index
Author | : Jared Walczak |
Publisher | : |
Total Pages | : |
Release | : 2017-10-17 |
Genre | : |
ISBN | : 9781942768180 |
The Tax Foundation's State Business Tax Climate Index enables business leaders, government policymakers, and taxpayers to gauge how their states' tax systems compare. While there are many ways to show how much is collected in taxes by state governments, the Index is designed to show how well states structure their tax systems, and provides a roadmap to improving these structures.
A Firm Lower Bound: Characteristics and Impact of Corporate Minimum Taxation
Author | : Aqib Aslam |
Publisher | : International Monetary Fund |
Total Pages | : 50 |
Release | : 2021-06-08 |
Genre | : Business & Economics |
ISBN | : 1513561073 |
This paper examines the role of minimum taxes and attempts to quantify their impact on economic activity. Minimum taxes can be effective at shoring up the corporate tax base and enhancing the perceived equity of the tax system, potentially motivating broader taxpayer compliance. Where political and administrative constraints prevent reforms to the standard corporate income tax, a minimum tax can help mitigate base erosion from excessive tax incentives and avoidance. Using a new panel dataset that catalogues changes in minimum tax regimes over time around the world, firm-level analysis suggests that the introduction or reform of a minimum tax is associated with an increase in the average effective tax rate of just over 1.5 percentage points with respect to turnover and of around 10 percent with respect to operating income. Minimum taxes based on modified corporate income lead to the largest increases in effective tax rates, followed by those based on assets and turnover.
A Destination-Based Allowance for Corporate Equity
Author | : Shafik Hebous |
Publisher | : International Monetary Fund |
Total Pages | : 26 |
Release | : 2018-11-08 |
Genre | : Business & Economics |
ISBN | : 1484381904 |
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 Corporate Equity (DBACE) and Allowance for Corporate Capital (DBACC). It describes adjustments that are required to turn an origin into a destination-based versions of these taxes. These include adjustments to capital and equity, which are additional to the border adjustments needed under a DBCFT. The paper finds that the DBACC and DBACE reduce profit shifting and tax competition, but cannot fully eliminate them, with the DBACE more sensitve than the DBACC. Overall, given the potential major political cost of switching from an origin to a destination-based tax system, we conclude that advantages of the DBCFT are likely to outweigh the transitional advantages of the DBACE/DBACC.
International Tax Competition
Author | : Rajiv Biswas |
Publisher | : Commonwealth Secretariat |
Total Pages | : 332 |
Release | : 2002 |
Genre | : Business & Economics |
ISBN | : 9780850926880 |
Many Commonwealth developing countries are potentially affected by the EU and OECD initiatives to regulate international tax competition. These articles by experts from Commonwealth countries discuss the concerns of affected nations, covering globalisation, fiscal sovereignty, WTO issues and more.
What is the Impact of Increased Business Competition?
Author | : Sónia Félix |
Publisher | : International Monetary Fund |
Total Pages | : 57 |
Release | : 2019-12-13 |
Genre | : Business & Economics |
ISBN | : 1513521519 |
This paper studies the macroeconomic effect and underlying firm-level transmission channels of a reduction in business entry costs. We provide novel evidence on the response of firms' entry, exit, and employment decisions. To do so, we use as a natural experiment a reform in Portugal that reduced entry time and costs. Using the staggered implementation of the policy across the Portuguese municipalities, we find that the reform increased local entry and employment by, respectively, 25% and 4.8% per year in its first four years of implementation. Moreover, around 60% of the increase in employment came from incumbent firms expanding their size, with most of the rise occurring among the most productive firms. Standard models of firm dynamics, which assume a constant elasticity of substitution, are inconsistent with the expansionary and heterogeneous response across incumbent firms. We show that in a model with heterogeneous firms and variable markups the most productive firms face a lower demand elasticity and expand their employment in response to increased entry.
Essential Economics
Author | : Matthew Bishop |
Publisher | : Bloomberg Press |
Total Pages | : 282 |
Release | : 2004-05-01 |
Genre | : Business & Economics |
ISBN | : 9781861975805 |
Reforming Fiscal Federalism for Global Competition
Author | : Paul Boothe |
Publisher | : University of Alberta |
Total Pages | : 244 |
Release | : 1996-10 |
Genre | : Business & Economics |
ISBN | : 9780888642943 |
Proceedings of a conference held in Edmonton in October 1995.