The Resource The tax elasticity of financial statement income : implications for current reform proposals

The tax elasticity of financial statement income : implications for current reform proposals

Label
The tax elasticity of financial statement income : implications for current reform proposals
Title
The tax elasticity of financial statement income : implications for current reform proposals
Creator
Subject
Language
  • eng
  • eng
Summary
Current reform proposals in international and corporate tax (most notably the Organisation for Economic Co-operation and Development's Global Anti-Base Erosion proposal) envisage taxing financial statement income. This paper develops a conceptual framework - based on the literature on the elasticity of taxable income (ETI) - 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
Citation source
In: National tax journal. - Washington. - Vol. 73 (2020), no. 4 ; p. 1047-1064
http://library.link/vocab/creatorName
Dharmapala, D
Geographic coverage
International
Language note
English
http://library.link/vocab/subjectName
  • financial statement
  • GloBE Proposal (OECD)
  • MNE
  • tax reform
  • corporate income tax
  • profit shifting
Label
The tax elasticity of financial statement income : implications for current reform proposals
Link
https://library.ibfd.org/custom/web/SD_PDF/scans/2020/K-N/NTJ/4_1047-1064.pdf
Publication
Note
20210415

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