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An Empirical Analysis Of The Incidence Of The Corporate Income Tax In The Manufacturing Sector
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Book Synopsis An Empirical Analysis of the Incidence of the Corporate Income Tax in the Manufacturing Sector by : Wilma Rae Dye
Download or read book An Empirical Analysis of the Incidence of the Corporate Income Tax in the Manufacturing Sector written by Wilma Rae Dye and published by . This book was released on 1998 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Shifting of the Corporation Income Tax by : Marian Krzyzaniak
Download or read book The Shifting of the Corporation Income Tax written by Marian Krzyzaniak and published by . This book was released on 1963 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Shifting and Incidence of the Corporation Income Tax by : Balbir Singh Sahni
Download or read book The Shifting and Incidence of the Corporation Income Tax written by Balbir Singh Sahni and published by . This book was released on 1976 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book the authors attempt to integrate the various theoretical and empirical approaches to the fiscal rationality of the corporation income tax. The material has been compiled from original sources and is presented without many of its abstruse aspects, in an attempt to provide a reasonable coherent and complete picture of the state of the art.
Author :U. S. Department US Department of the Treasury Publisher :CreateSpace ISBN 13 :9781505389784 Total Pages :42 pages Book Rating :4.3/5 (897 download)
Book Synopsis A Review of the Evidence on the Incidence of the Corporate Income Tax by : U. S. Department US Department of the Treasury
Download or read book A Review of the Evidence on the Incidence of the Corporate Income Tax written by U. S. Department US Department of the Treasury and published by CreateSpace. This book was released on 2015-01-01 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who ultimately bears the burden of the corporate income tax plays an important role in the distributional analysis of tax policy. Distributional tables often assume that the incidence of the corporate income tax falls on the owners of capital but there is considerable uncertainty amongst economists about who bears the burden of the corporate income tax. This paper reviews the evidence on the incidence of the corporate income tax, especially in light of recent empirical studies that focus on the relationship between the corporate income tax and wages. While further research is necessary to draw definitive conclusions, these studies suggest that labor may bear a substantial burden from the corporate income tax. These empirical results are consistent with computable general equilibrium models based on an open economy in which a single country sets its tax policy independently of other countries; in these models, assumptions that capital is mobile and consumers are willing to substitute tradable goods produced in different countries imply that labor can bear more of the incidence of the corporate tax than capital bears.
Book Synopsis Taxation of Corporate Income and Internationalization of Firms by : Antonio Martins
Download or read book Taxation of Corporate Income and Internationalization of Firms written by Antonio Martins and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Given the highly contentious atmosphere about the impact of internationalization in corporate tax burdens - due to transfer prices, thin capitalization, tax shelters and other suspects - and the lack of research, in Portugal, about this topic, the purpose of this paper is to present empirical evidence on the relation between internationalization and tax burdens for Portuguese companies. This paper use a data panel collected by Portuguese Statistical Office during 1996-2000 period. The balanced panel includes 1,485 firms (i.e. 7,425 observations), with more than 100 employees, grouped into 13 sectors based on their main economic activity. The results show that the effective income tax rate of Portuguese firms is positively related to their internationalization. The results also show that firms where the State is an equity holder have a lower effective tax rate. The sector of economic activity of the firms is not relevant to explain their effective tax rate.
Book Synopsis The Incidence and Efficiency Costs of Corporate Taxation when Corporate and Noncorporate Firms Produce the Same Good by : Jane G. Gravelle
Download or read book The Incidence and Efficiency Costs of Corporate Taxation when Corporate and Noncorporate Firms Produce the Same Good written by Jane G. Gravelle and published by . This book was released on 1987 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This year marks the twenty-fifth anniversary of Arnold Harberger's celebrated model of the corporation income tax. While the model has been enormously useful as an analytical device for studying two sector economies, its usefulness for understanding the incidence and excess burden of the corporate income tax remains in question. One difficulty confronting all empirical analyses of the Harberger Model is how to treat noncorporate production in primarily corporate sectors and corporate production in primarily noncorporate sectors. The Harberger Model provides no real guide to this question since it assumes that one good is produced only by corporations and the other good is produced only by noncorporate firms. Stated differently, Harberger models the differential taxation of capital used in the production of different goods, rather than the taxation of capital used by corporations per se. This paper presents a two good model with corporate and noncorporate production of both goods. The incidence of the corporate tax in our Mutual Production Model (MPM) can differ markedly from that in the Harberger model. A hallmark of Harberger's corporate tax incidence formula is its dependence on differences across sectors in elasticities of substitution between capital and labor. In contrast, the incidence of the corporate tax in the MPM may fall 100 percent on capital regardless of sector differences in substitution elasticities. The difference between the two models in the deadweight loss from corporate taxation is also striking. Using the Harberger - Shoven data and assuming unitary substitution and demand elasticities, the deadweight loss is over ten times larger in the CES version of the MPM than in the Harberger Model. Part of the explanation for this difference is that in the Harberger Model only the difference in the average corporate tax in the two sectors is distortionary, while the entire tax is distortionary in the MPM. A second reason for the larger excess burden in the MPM is that the MPM has a very large, indeed infinite, substitution elasticity in demand between corporate and noncorporate goods; in contrast, applications of the Harberger Model assume this elasticity is quite small.
Book Synopsis Diasggreated Analysis of the Shifting of the Corporation Income Tax by : Arthur Ascher Bayer
Download or read book Diasggreated Analysis of the Shifting of the Corporation Income Tax written by Arthur Ascher Bayer and published by . This book was released on 1968 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Effects of Corporation Income Tax ... by : Marian Krzyzaniak
Download or read book Effects of Corporation Income Tax ... written by Marian Krzyzaniak and published by . This book was released on 1966 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Corporate Income Tax and the U.S. Economy by : David L. Brumbaugh
Download or read book The Corporate Income Tax and the U.S. Economy written by David L. Brumbaugh and published by . This book was released on 1984 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Equity, Efficiency, and the U.S. Corporation Income Tax by : J. Gregory Ballentine
Download or read book Equity, Efficiency, and the U.S. Corporation Income Tax written by J. Gregory Ballentine and published by A E I Press. This book was released on 1980 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Does the Harberger Model Greatly Understate the Excess Burden of the Corporate Tax? by : Jane Gravelle
Download or read book Does the Harberger Model Greatly Understate the Excess Burden of the Corporate Tax? written by Jane Gravelle and published by . This book was released on 1988 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: An important deficiency in Harberger's (1962) model of corporate income taxation is its inability to consider both corporate and noncorporate production of the same good. This precludes analysis of within-industry substitution of noncorporate for corporate production in response to the tax. Such within-industry substitution has potentially major implications for both the excess burden and incidence of the corporate tax. In Gravelle and Kotlikoff (1988) we present a new model of the corporation income tax. The model has two key characteristics. First, corporate and noncorporate firms produce (with identical production functions) each of the model's goods both before and after corporate taxation is imposed, and second, the decision of entrepreneurs to establish unincorporated business is endogenous. Compared with the Harberger model, the new model predicts a very much larger excess burden from corporate income taxation. The incidence of the corporate tax can also differ dramatically in the two models. Several commentators on our approach suggested that while corporate and noncorporate fins produce goods that are close substitutes, they are not necessarily identical goods. Others questioned the extent to which our results hinged on the endogeneity of entrepreneurship. This paper is a response to those comments. It presents a Harberger-type model (with no entrepreneurs), but one in which each industry/sector contains corporate and noncorporate fins (with identical production functions) which produce goods that are close substitutes in demand. As in our earlier model, the scope for considerable within-industry substitution of noncorporate for corporate capital leads to a very much larger excess burden than that in the Harberger model. For example, using Harberger's original 195? data and assuming unitary substitution elasticities in production and in inter-sector demand, but substitution elasticities of 30 in intra-sector demand, the excess burden of the corporate income tax in the current model is 107 percent of tax revenue. This figure is quite close to the 123 percent figure reported in Cravelle and Kotlikoff (1988) for the case of unitary substitution elasticities in production and inter-industry demand. Both numbers are considerably larger than the 8 percent excess burden figure that arises in the traditional Harberger model with unitary substitution elasticities.
Book Synopsis The Economic Effects of Corporate Income Taxation by : Li Liu (Economist)
Download or read book The Economic Effects of Corporate Income Taxation written by Li Liu (Economist) and published by . This book was released on 2011 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of three essays studying the economic impact of corporate income taxation. Chapter 1 models and estimates the incidence of the corporate income tax under imperfect competition. Identification comes from variation in the effective marginal tax rates across industry and time. The empirical results suggest that labor shares the burden of corporate taxes. A ten percentage increase in the tax rates decreases the average wage rate by 0.45-0.56 percent. Consistent with the theoretical prediction, the elasticity of wage with respect to the tax rates increases with the industry concentration. Labor bears at least 87 percent of the burden of corporate income taxes. The U.S. corporate income tax system provides investment incentives that vary across asset types. In Chapter 2, I study the effect of corporate income taxes on the allocation of new capital investment by constructing an industry-level panel data from 1962 to 1997. My preferred-IV estimates of the asset substitution elasticities suggest a sizable interasset distortion effect of corporate income taxes. Substitutability is the strongest between machinery equipment and computing and electronic equipment. Compared to a revenue-neutral uniform tax scheme, differential corporate income taxes cause under-investment in computing and electronic equipment and over-investment in machinery and transportation equipment. Corporations were taxed at a lower rate than non-corporate firms in the early twentieth century. Chapter 3 examines the effect of relative taxation of corporate to non-corporate income using state-level panel data during 1909-1919. I find that the tax cost to incorporate had a significant impact on the corporate share of establishments and related economic activities including employment and production. The regression results suggest a large response of income shifting -- about 1.5 to 2 more times than the largest estimates in studies using more recent data. Income shifting was more responsive to the tax policies during the early days of income taxes. The implicit tax subsidy encourage about 8,300 business to be organized under the corporate form during this period.
Book Synopsis Tax Policy and the Economy by : James M. Poterba
Download or read book Tax Policy and the Economy written by James M. Poterba and published by . This book was released on 1997 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Part of a series that presents recent research on the effects of taxation on economic performance and analyses of the effects of potential tax reforms, this volume includes: an evaluation of Medicaid in the 1980s; medical savings accounts; and implications of a broad-based consumption tax.
Book Synopsis Short-run Shifting and Incidence of the Corporate Income Tax for U.S. Manufacturing by : Richard J. Berry
Download or read book Short-run Shifting and Incidence of the Corporate Income Tax for U.S. Manufacturing written by Richard J. Berry and published by . This book was released on 1978 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Short-run Shifting and Incidence of the Corporate Income Tax for U.S. Manufacturing by : Richard Joseph Berry (Jr)
Download or read book Short-run Shifting and Incidence of the Corporate Income Tax for U.S. Manufacturing written by Richard Joseph Berry (Jr) and published by . This book was released on 1978 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Incidence of the Corporation Income Tax in U.S. Manufacturing by :
Download or read book Incidence of the Corporation Income Tax in U.S. Manufacturing written by and published by . This book was released on 1968 with total page 1360 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Incidence and Efficiency Costs of Corporate Taxation When Corporate and Noncorporate Firms Produce the Same Good by : Jane Gravelle
Download or read book The Incidence and Efficiency Costs of Corporate Taxation When Corporate and Noncorporate Firms Produce the Same Good written by Jane Gravelle and published by . This book was released on 2010 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This year marks the twenty-fifth anniversary of Arnold Harberger's celebrated model of the corporation income tax. While the model has been enormously useful as an analytical device for studying two sector economies, its usefulness for understanding the incidence and excess burden of the corporate income tax remains in question. One difficulty confronting all empirical analyses of the Harberger Model is how to treat noncorporate production in primarily corporate sectors and corporate production in primarily noncorporate sectors. The Harberger Model provides no real guide to this question since it assumes that one good is produced only by corporations and the other good is produced only by noncorporate firms. Stated differently, Harberger models the differential taxation of capital used in the production of different goods, rather than the taxation of capital used by corporations per se. This paper presents a two good model with corporate and noncorporate production of both goods. The incidence of the corporate tax in our Mutual Production Model (MPM) can differ markedly from that in the Harberger model. A hallmark of Harberger's corporate tax incidence formula is its dependence on differences across sectors in elasticities of substitution between capital and labor. In contrast, the incidence of the corporate tax in the MPM may fall 100 percent on capital regardless of sector differences in substitution elasticities. The difference between the two models in the deadweight loss from corporate taxation is also striking. Using the Harberger - Shoven data and assuming unitary substitution and demand elasticities, the deadweight loss is over ten times larger in the CES version of the MPM than in the Harberger Model. Part of the explanation for this difference is that in the Harberger Model only the difference in the average corporate tax in the two sectors is distortionary, while the entire tax is distortionary in the MPM. A second reason for the larger excess burden in the MPM is that the MPM has a very large, indeed infinite, substitution elasticity in demand between corporate and noncorporate goods; in contrast, applications of the Harberger Model assume this elasticity is quite small.
