Arbeitspapier
The Tax Elasticity of Financial Statement Income: Implications for Current Reform Proposals
Current reform proposals in international and corporate tax (most notably the OECD's GloBE proposal) envisage taxing financial statement income. This paper develops a conceptual framework – based on the literature on the elasticity of taxable income – for the welfare analysis of such proposals, and discusses the available evidence on the tax elasticity of financial statement income. The central conclusion is that the most relevant evidence suggests a large responsiveness of financial statement income to taxes (and hence, albeit with significant limitations and caveats, arguably a large deadweight loss). The paper also highlights the need for more evidence on this question.
- Language
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Englisch
- Bibliographic citation
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Series: CESifo Working Paper ; No. 8534
- Classification
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Wirtschaft
Business Taxes and Subsidies including sales and value-added (VAT)
Accounting
- Subject
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international taxation
multinational firms
financial statement income
book-tax conformity
- Event
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Geistige Schöpfung
- (who)
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Dharmapala, Dhammika
- Event
-
Veröffentlichung
- (who)
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Center for Economic Studies and Ifo Institute (CESifo)
- (where)
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Munich
- (when)
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2020
- Handle
- Last update
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10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Dharmapala, Dhammika
- Center for Economic Studies and Ifo Institute (CESifo)
Time of origin
- 2020
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