000			01584nab a2200265 c 4500
003			ES-MaIEF
005			20190404123534.0
007			ta
008			190403t2019 us ||||| |||| 00| 0|eng d
040			_aES-MaIEF _bspa _cES-MaIEF
041			_aeng
100	1		_967129 _aBilicka, Katarzyna
245			_aThe effect of loss-offset provisions on the asymmetric behavior of corporate tax revenues in the business cycles _c Katarzyna Bilicka
260			_c2019
500			_aDisponible también en formato electrónico en la Biblioteca del IEF.
500			_aResumen.
504			_aBibliografía.
520			_aThis 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.
650		4	_948454 _aSOCIEDADES
650		4	_947460 _aIMPUESTOS
650		4	_934579 _aCICLOS ECONOMICOS
650		4	_948067 _aPOLITICA FISCAL
773	0		_9159860 _oOP 233/2019/1 _tNational Tax Journal _w(IEF)86491 _x 0028-0283 _g v. 72, n. 1, March 2019, p. 45-78
942			_cART
999			_c140323 _d140323