Determining Taxation and Investment Impacts of Estonia's 2000 Income Tax Reform
AbstractThis paper analyses the investment effects of the 2000 tax reform in Estonia. More precisely, it studies the impact of the shift from an imputation system to a system in which companies pay taxes only with respect to distributed profits. The paper uses Tobin’s q theory of investment and numerical simulations reach the conclusion of 6.1% increase in the equipment capital stock over the long run.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Finnish Economic Association in its journal Finnish Economic Papers.
Volume (Year): 15 (2002)
Issue (Month): 2 (Autumn)
Find related papers by JEL classification:
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy
- H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
- O52 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Europe
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Isabelle Joumard, 2002.
"Tax systems in European Union countries,"
OECD Economic Studies,
OECD Publishing, vol. 2002(1), pages 91-151.
- Jeremy Edwards & Michael Keen, 1994.
"Tax competition and Leviathon,"
IFS Working Papers
W94/07, Institute for Fiscal Studies.
- Liam P. Ebrill, 1999. "Tax Reform in the Baltics, Russia, and Other Countries of the Former Soviet Union," IMF Occasional Papers 182, International Monetary Fund.
- Hans-Werner Sinn, 1991.
"Taxation and the Cost of Capital: The "Old" View, the "New" View and Another View,"
NBER Working Papers
3501, National Bureau of Economic Research, Inc.
- Hans-Werner Sinn, 1991. "Taxation and the Cost of Capital: The "Old" View, the "New" View, and Another View," NBER Chapters, in: Tax Policy and the Economy, Volume 5, pages 25-54 National Bureau of Economic Research, Inc.
- Abel, Andrew B., 1982. "Dynamic effects of permanent and temporary tax policies in a q model of investment," Journal of Monetary Economics, Elsevier, vol. 9(3), pages 353-373.
- Dhammika Dharmapala & James R. Hines Jr., 2006.
"Which Countries Become Tax Havens?,"
NBER Working Papers
12802, National Bureau of Economic Research, Inc.
- Seppo Kari & Jouko Ylä-Liedenpohja, 2004.
"Cost of Capital for Cross-Border Investment: The Fallacy of Estonia as a Tax Haven,"
Baltic Journal of Economics,
Baltic International Centre for Economic Policy Studies, vol. 5(1), pages 28-43, December.
- Seppo Kari & Ylä-Liedenpohja & Jouko, 2005. "Cost of Capital for Cross-border Investment: The Fallacy of Estonia as a Tax Haven," Discussion Papers 367, Government Institute for Economic Research Finland (VATT).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Editorial Secretary).
If references are entirely missing, you can add them using this form.