دانلود مقاله ISI انگلیسی شماره 89051
ترجمه فارسی عنوان مقاله

مالیات شرکت و اثرات اضافی مالیات عمودی: شواهد مالیاتی فدرال

عنوان انگلیسی
Corporate taxes and vertical tax externalities: Evidence from narrative federal tax shocks
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
89051 2018 46 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Regional Science and Urban Economics, Volume 68, January 2018, Pages 84-97

پیش نمایش مقاله
پیش نمایش مقاله  مالیات شرکت و اثرات اضافی مالیات عمودی: شواهد مالیاتی فدرال

چکیده انگلیسی

The empirical aspects of vertical tax externalities have been studied fairly extensively, but with little consensus – a fact that may relate to difficulties in isolating exogenous components in tax setting policy. Adopting the case of the US and using a narrative approach (Romer and Romer, 2010), I study the vertical effects of federal tax shocks. I find that vertical tax externalities are modest in their size and are only present in corporate taxation. In particular, I estimate that a $1 billion increase in federal tax revenues reduces total state corporate tax revenues by approximately $27 million. Non-corporate state tax revenues do not seem to be affected by federal tax shocks. Taking a state micro-level approach and using firm-level business activity data, I show that the findings point to the erosion of states’ corporate tax bases.