Arbeitspapier
Corporate Taxation in Open Economies
This paper analyzes the macroeconomic impact of corporate taxation. The analysis is conducted in a quantitative two-country model. In the first step, the paper describes the long-run effects of corporate taxation. A reduction in the corporate-income tax rate increases GDP, wages, consumption, investment, and business density. The trade balance is at the same time negatively affected. Firms headquartered in a country which lowers its corporate tax become internationally less active and instead focus more on their domestic market. In the second step, the paper presents adjustment dynamics that are induced by a corporate-tax reform. The dynamic response of the economy can substantially differ when comparing shorter and longer time horizons.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 9942
- Klassifikation
-
Wirtschaft
Fiscal Policy
International Policy Coordination and Transmission
Business Taxes and Subsidies including sales and value-added (VAT)
- Thema
-
corporate taxation
macroeconomy
heterogeneous firms
multinationals
international spillovers
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Šauer, Radek
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2022
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Šauer, Radek
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2022
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