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Globalization and corporate taxation /
This paper analyzes the extent to which the degree of international economic integration, both financial and trade, affects corporate tax rates. It explores this issue in the context of strategic behavior by countries, taking into account other global and domestic political economy factors. Tax rate...
| Clasificación: | Libro Electrónico |
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| Autor principal: | |
| Autores Corporativos: | , |
| Otros Autores: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
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| Colección: | IMF working paper ;
WP/12/252. |
| Temas: | |
| Acceso en línea: | Texto completo |
| Sumario: | This paper analyzes the extent to which the degree of international economic integration, both financial and trade, affects corporate tax rates. It explores this issue in the context of strategic behavior by countries, taking into account other global and domestic political economy factors. Tax rates are analyzed using a unique tax dataset for advanced and developing economies extending over five decades. We report a number of novel results: there is no general negative relationship between financial globalization and corporate tax rates and revenues--results vary according to country grouping with OECD countries showing a positive relationship; the United States exhibits a "Stackelberg" type of leadership on other countries; trade integration is inversely correlated with tax rates; and public sentiment and ideology affect tax rates. The policy implications of these findings, particularly given budgetary pressures in the aftermath of the global crisis, are noted. |
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| Notas: | Title from PDF title page (IMF Web site, viewed Oct. 31, 2012). "Fiscal Affairs and Finance Department." "October 2012." |
| Descripción Física: | 1 online resource (49 pages) |
| Bibliografía: | Includes bibliographical references. |
| ISBN: | 1557754810 9781557754813 |