The Resource Cross-country comparisons of corporate income taxes

Cross-country comparisons of corporate income taxes

Label
Cross-country comparisons of corporate income taxes
Title
Cross-country comparisons of corporate income taxes
Creator
Subject
Language
eng
Summary
The authors use publicly available financial statement information for 11,602 public corporations from 82 countries from 1988-2009 in an attempt to isolate the impact of domicile on corporate taxes. They find that the country in which the parent of a multinational is located and to a lesser extent its subsidiaries are located substantially affects its worldwide effective tax rate (ETR). Japanese firms always face the highest ETRs. U.S. multinationals are among the highest taxed. Multinationals based in tax havens face the lowest taxes. The authors find that ETRs have been falling over the last two decades; however, the ordinal rank from high-tax countries to low-tax countries has changed little. They also find little difference between the ETRs of multinationals and domestic-only firms. Besides enhancing the knowledge about international taxes, these findings should provide some empirical underpinning for ongoing policy debates about the taxation of multinationals
Citation source
In: National tax journal. - Washington. - Vol. 65 (2012),
http://library.link/vocab/creatorName
  • Markle, K.S
  • Shackelford, D.A
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • corporate income tax
  • domicile
  • effective rate of tax
  • MNE
Label
Cross-country comparisons of corporate income taxes
Instantiates
Publication
Label
Cross-country comparisons of corporate income taxes
Publication

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