| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w4690 |
| 来源ID | Working Paper 4690 |
| Why Is There Corporate Taxation In a Small Open Economy? The Role of Transfer Pricing and Income Shifting | |
| Roger H. Gordon; Jeffrey K. MacKie-Mason | |
| 发表日期 | 1994-03-01 |
| 出版年 | 1994 |
| 语种 | 英语 |
| 摘要 | Several recent papers argue that corporate income taxes should not be used by small, open economies. With capital mobility, the burden of the tax falls on fixed factors (e.g., labor), and the tax system is more efficient if labor is taxed directly. However, corporate taxes not only exist but rates are roughly comparable with the top personal tax rates. Past models also forecast that multinationals should not invest in countries with low corporate tax rates, since the surtax they owe when profits are repatriated puts them at a competitive disadvantage. Yet such foreign direct investment is substantial. We suggest that the resolution of these puzzles may be found in the role of income shifting, both domestic (between the personal and corporate tax bases) and cross-border (through transfer pricing). Countries need cash-flow corporate taxes as a backstop to labor taxes to discourage individuals from converting their labor income into otherwise untaxed corporate income. We explore how these taxes can best be modified to deal as well with cross-border shifting. |
| URL | https://www.nber.org/papers/w4690 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/562080 |
| 推荐引用方式 GB/T 7714 | Roger H. Gordon,Jeffrey K. MacKie-Mason. Why Is There Corporate Taxation In a Small Open Economy? The Role of Transfer Pricing and Income Shifting. 1994. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w4690.pdf（414KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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