Arbeitspapier

Corporate income taxation of multinationals in a general equilibrium model

This paper contributes to the discussion on Separate Accounting versus Formula Apportionment in the corporate income taxation of multinational enterprises (MNEs). The innovation of the analysis is that we consider a general equilibrium tax competition model with an endogenously determined world interest rate. Under the principle of Separate Accounting, it turns out that corporate tax rates may be inefficiently low or high, while under Formula Apportionment corporate tax rates are always inefficiently low. These results are true independent of whether the number of countries is small or large. They reverse the insights obtained by previous studies under the assumption of an exogenously given world interest rate.

Language: Englisch

Bibliographic citation: Series: CESifo Working Paper ; No. 2320

Classification: Wirtschaft
State and Local Government; Intergovernmental Relations: Interjurisdictional Differentials and Their Effects

Subject: corporate income tax
Separate Accounting
Formula Apportionment
Körperschaftsteuer
Multinationales Unternehmen
Formula Apportionment
Steuerbemessung
Steuerbelastung
Steuerwettbewerb
Allgemeines Gleichgewicht
Theorie

Event: Geistige Schöpfung

(who): Eichner, Thomas
Runkel, Marco

Event: Veröffentlichung

(who): Center for Economic Studies and ifo Institute (CESifo)

(where): Munich

(when): 2008

Handle: http://hdl.handle.net/10419/26365

Last update: 10.03.2025, 11:46 AM CET

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Object type

Arbeitspapier

Associated

Eichner, Thomas
Runkel, Marco
Center for Economic Studies and ifo Institute (CESifo)

Time of origin

2008

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Corporate income taxation of multinationals in a general equilibrium model

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Other Objects (12)

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