| 来源类型 | Working Paper
|
| 规范类型 | 报告
|
| DOI | 10.3386/w21534
|
| 来源ID | Working Paper 21534
|
| State Taxation and the Reallocation of Business Activity: Evidence from Establishment-Level Data |
| Xavier Giroud; Joshua Rauh
|
| 发表日期 | 2015-09-07
|
| 出版年 | 2015
|
| 语种 | 英语
|
| 摘要 | In a sample of over 27 million establishments of U.S. firms with activities in more than one state, we estimate the impact of state business taxation on business activity. Only firms organized as subchapter C corporations are subject to the corporate tax code, whereas the income of partnerships, sole-proprietorships, and S corporations is passed through annually to the firm's owners and taxed at individual rates. For C corporations, both employment at existing establishments (intensive margin) and the number of establishments in the state (extensive margin) have corporate tax elasticities of -0.4. Pass-through entities, which serve as a control group for the corporate tax reforms, respond only to the personal tax code, with tax elasticities of -0.2 to -0.3. Around half of the effects are driven by reallocation of productive resources to other states where the treated firms have establishments. Capital shows similar patterns but is 36% less elastic than labor. A narrative approach confirms that the results are robust and strongest in the sample of tax changes that were implemented due to inherited budget deficits, long-run goals, or cross-state variation caused by Federal tax reforms. |
| 主题 | Public Economics
; Taxation
; Subnational Fiscal Issues
|
| URL | https://www.nber.org/papers/w21534
|
| 来源智库 | National Bureau of Economic Research (United States)
|
| 引用统计 |
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| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579209
|
推荐引用方式
GB/T 7714 |
Xavier Giroud,Joshua Rauh. State Taxation and the Reallocation of Business Activity: Evidence from Establishment-Level Data. 2015.
|
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