The Effect of Corporate Taxes on Investment and Entrepreneurship

We present new data on effective corporate income tax rates in 85 countries in 2004. The data come from a survey, conducted jointly with PricewaterhouseCoopers, of all taxes imposed on "the same" standardized mid-size domestic firm. In a cross-section of countries, our estimates of the eff...

Full description

Bibliographic Details
Main Authors:	Djankov, Simeon, Ganser, Tim, McLiesh, Caralee, Ramalho, Rita, Shleifer, Andrei
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Capital Investment Capacity E220 Multinational Firms International Business F230 Capital Budgeting Fixed Investment and Inventory Studies G310 Business Taxes and Subsidies including sales and value-added (VAT) H250 Fiscal Policies and Behavior of Economic Agents: Firm H320 Entrepreneurship L260
Online Access:	http://hdl.handle.net/10986/5659

id	okr-10986-5659
recordtype	oai_dc
spelling	okr-10986-56592021-04-23T14:02:23Z The Effect of Corporate Taxes on Investment and Entrepreneurship Djankov, Simeon Ganser, Tim McLiesh, Caralee Ramalho, Rita Shleifer, Andrei Capital Investment Capacity E220 Multinational Firms International Business F230 Capital Budgeting Fixed Investment and Inventory Studies G310 Business Taxes and Subsidies including sales and value-added (VAT) H250 Fiscal Policies and Behavior of Economic Agents: Firm H320 Entrepreneurship L260 We present new data on effective corporate income tax rates in 85 countries in 2004. The data come from a survey, conducted jointly with PricewaterhouseCoopers, of all taxes imposed on "the same" standardized mid-size domestic firm. In a cross-section of countries, our estimates of the effective corporate tax rate have a large adverse impact on aggregate investment, FDI, and entrepreneurial activity. Corporate tax rates are correlated with investment in manufacturing but not services, as well as with the size of the informal economy. The results are robust to the inclusion of many controls. 2012-03-30T07:33:54Z 2012-03-30T07:33:54Z 2010 Journal Article American Economic Journal: Macroeconomics 19457707 http://hdl.handle.net/10986/5659 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Capital Investment Capacity E220 Multinational Firms International Business F230 Capital Budgeting Fixed Investment and Inventory Studies G310 Business Taxes and Subsidies including sales and value-added (VAT) H250 Fiscal Policies and Behavior of Economic Agents: Firm H320 Entrepreneurship L260
spellingShingle	Capital Investment Capacity E220 Multinational Firms International Business F230 Capital Budgeting Fixed Investment and Inventory Studies G310 Business Taxes and Subsidies including sales and value-added (VAT) H250 Fiscal Policies and Behavior of Economic Agents: Firm H320 Entrepreneurship L260 Djankov, Simeon Ganser, Tim McLiesh, Caralee Ramalho, Rita Shleifer, Andrei The Effect of Corporate Taxes on Investment and Entrepreneurship
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	We present new data on effective corporate income tax rates in 85 countries in 2004. The data come from a survey, conducted jointly with PricewaterhouseCoopers, of all taxes imposed on "the same" standardized mid-size domestic firm. In a cross-section of countries, our estimates of the effective corporate tax rate have a large adverse impact on aggregate investment, FDI, and entrepreneurial activity. Corporate tax rates are correlated with investment in manufacturing but not services, as well as with the size of the informal economy. The results are robust to the inclusion of many controls.
format	Journal Article
author	Djankov, Simeon Ganser, Tim McLiesh, Caralee Ramalho, Rita Shleifer, Andrei
author_facet	Djankov, Simeon Ganser, Tim McLiesh, Caralee Ramalho, Rita Shleifer, Andrei
author_sort	Djankov, Simeon
title	The Effect of Corporate Taxes on Investment and Entrepreneurship
title_short	The Effect of Corporate Taxes on Investment and Entrepreneurship
title_full	The Effect of Corporate Taxes on Investment and Entrepreneurship
title_fullStr	The Effect of Corporate Taxes on Investment and Entrepreneurship
title_full_unstemmed	The Effect of Corporate Taxes on Investment and Entrepreneurship
title_sort	effect of corporate taxes on investment and entrepreneurship
publishDate	2012
url	http://hdl.handle.net/10986/5659
_version_	1764395850930323456

The Effect of Corporate Taxes on Investment and Entrepreneurship

Similar Items