The effect of loss-offset provisions on the asymmetric behavior of corporate tax revenues in the business cycles Katarzyna Bilicka
By: Bilicka, Katarzyna
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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 |
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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.
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