| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP8424 |
| DP8424 Corporate taxes and the location of intellectual property | |
| Rachel Griffith; Martin O'Connell; Helen Miller | |
| 发表日期 | 2011-06-01 |
| 出版年 | 2011 |
| 语种 | 英语 |
| 摘要 | The literature suggests that tax rates on mobile activities should fall to zero. Intellectual property is very mobile and has grown in importance. Firms can use intellectual property to shift income offshore and reduce their corporate income tax liability. Yet most intellectual property is held in relatively high tax countries. We estimate the impact of corporate taxes on where firms hold patents. We consider domestic and international taxes, and control for the potential non-tax costs and benefits associated with different locations. We allow heterogeneity across industries, firm size and, most importantly, unobservable patent specific heterogeneity in the responsiveness of patent location to tax. Our results suggest that, on average, corporate tax rates have a negative impact on the likelihood of a firm choosing a location, and that there is substantial heterogeneity in responses. We simulate the impact of recent reforms that apply a lower tax rate to patent income, finding that they attract patent income but result in losses in government revenues. |
| 主题 | Public Economics |
| 关键词 | Corporate tax Intellectual property Multinational firms Patent box |
| URL | https://cepr.org/publications/dp8424 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537261 |
| 推荐引用方式 GB/T 7714 | Rachel Griffith,Martin O'Connell,Helen Miller. DP8424 Corporate taxes and the location of intellectual property. 2011. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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