Japan’s Corporate Income Tax
By:Ruud A. de Mooij
Published on 2014-08-04 by International Monetary Fund
This paper explores how corporate income tax reform can help Japan increase investment and boost potential growth.
Using international and Japan-specific empirical estimates of corporate tax elasticities, investment is predicted to expand by around 0.4 percent for each point of rate reduction.
International consensus estimates suggest further that between 10 and 30 percent of the static revenue loss could be recovered in the long run through dynamic scoring, although Japan’s offset may be closer to the lower bound.
Compensating fiscal measures are necessary in light of Japan’s tight fiscal constraints.
The scope for base broadening in the corporate income tax is found to be limited and some forms of base broadening will undo positive investment effects of a rate cut.
Alternative revenue sources include higher consumption and property taxes.
A gradual approach toward lowering tax rates mitigates windfall gains and reduces short-run revenue costs.
An incremental allowance-for-corporate-equity system could boost investment with limited fiscal costs in the short run.
This Book was ranked at 211 by Google Books for keyword International Taxes.
Book ID of Japan’s Corporate Income Tax's Books is 1qQZEAAAQBAJ, Book which was written by "Ruud A. de Mooij" have ETAG "RSq63H5PiiE"
Book which was published by International Monetary Fund since 2014-08-04 have ISBNs, ISBN 13 Code is 149830009X and ISBN 10 Code is 9781498300094
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