The effect of loss-offset provisions on the asymmetric behavior of corporate tax revenues in the business cycles Katarzyna Bilicka
By: Bilicka, Katarzyna
.
Material type: 
ArticlePublisher: 2019Subject(s): SOCIEDADES | IMPUESTOS | CICLOS ECONOMICOS | POLITICA FISCAL
In:
National Tax Journal v. 72, n. 1, March 2019, p. 45-78Summary: 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.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 233/2019/1-2 (Browse shelf) | Available | OP 233/2019/1-2 |
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.
Click on an image to view it in the image viewer
There are no comments for this item.