Capital Account Liberalization and Corporate Taxes
By:Mr.Ben Lockwood
Published on 2003-09-01 by International Monetary Fund
This paper studies whether exchange controls, particularly on the capital account, affect the choice of corporate tax rates, using a panel of 21 OECD countries over the period 1983-99.
It builds on existing literature by (1) using a unique dataset with several different measures of the corporate tax rate calculated from the actual parameters of the tax systems, and (2i) allowing exchange controls to affect the intensity of strategic interaction between countries in setting taxes, as well as the levels of tax they choose.
We find some evidence that (1) the level of a country’s tax, other things equal, is lowered by a unilateral liberalization of exchange controls; and (2) that strategic interaction in taxsetting between countries is increased by liberalization.
These effects are stronger if the country is a high-tax one and if the tax is the statutory or effective average one.
There is also evidence that countries’ own tax rates are reduced by liberalization of exchange controls in other countries.
This Book was ranked at 231 by Google Books for keyword Corporate Taxes.
Book ID of Capital Account Liberalization and Corporate Taxes's Books is 8l4YEAAAQBAJ, Book which was written by "Mr.Ben Lockwood" have ETAG "ValNht2m9lg"
Book which was published by International Monetary Fund since 2003-09-01 have ISBNs, ISBN 13 Code is 1451859139 and ISBN 10 Code is 9781451859133
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