Bilicka, Katarzyna
The effect of loss-offset provisions on the asymmetric behavior of corporate tax revenues in the business cycles / Katarzyna Bilicka .-- , 2019
Disponible también en formato electrónico en la Biblioteca del IEF.
Resumen.
Bibliografía.
This paper estimates the response of corporate tax revenues to the business cycle fluctuations and calculates a heterogeneous asymmetry in the tax revenue responses between booms and recessions using a new index of loss-offset generosity provisions. I find strong short-run contemporaneous impact of business cycles on corporate tax revenues and a persistent asymmetric response of corporate tax revenues to booms and recession. Loss-offset generosity provisions enhance this asymmetry. Countries with more generous loss-offset provisions experience much more volatile response of corporate tax revenues to business cycles during recessions, magnifying the asymmetry of the cyclicality.
SOCIEDADES
IMPUESTOS
CICLOS ECONOMICOS
POLITICA FISCAL
National Tax Journal 0028-0283 v. 72, n. 1, March 2019, p. 45-78
The effect of loss-offset provisions on the asymmetric behavior of corporate tax revenues in the business cycles / Katarzyna Bilicka .-- , 2019
Disponible también en formato electrónico en la Biblioteca del IEF.
Resumen.
Bibliografía.
This paper estimates the response of corporate tax revenues to the business cycle fluctuations and calculates a heterogeneous asymmetry in the tax revenue responses between booms and recessions using a new index of loss-offset generosity provisions. I find strong short-run contemporaneous impact of business cycles on corporate tax revenues and a persistent asymmetric response of corporate tax revenues to booms and recession. Loss-offset generosity provisions enhance this asymmetry. Countries with more generous loss-offset provisions experience much more volatile response of corporate tax revenues to business cycles during recessions, magnifying the asymmetry of the cyclicality.
SOCIEDADES
IMPUESTOS
CICLOS ECONOMICOS
POLITICA FISCAL
National Tax Journal 0028-0283 v. 72, n. 1, March 2019, p. 45-78