Advanced Search
MyIDEAS: Login to save this article or follow this journal

Issues In The Design Of Taxes On Corporate Profit

Contents:

Author Info

  • Devereux, Michael P.

Abstract

This paper considers the proposals of the Mirrlees Review to introduce an allowance for corporate equity (ACE) in the corporation tax system. It assesses how an ACE would affect various dimensions of corporate decision making. Broadly, the ACE would introduce neutrality in decisions as to the scale of investment and the source of finance. But it would leave distortions in choices regarding many mutually exclusive discrete choices, such as location and profit shifting. The paper presents some evidence on the likely impact of introducing an ACE, which depends on how the government makes up for foregone corporation tax revenue. It also considers briefly more radical options such as a destination-based corporate tax.

Download Info

If 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.
File URL: http://www.ntanet.org/NTJ/65/3/ntj-v65n03p709-30-issues-design-taxes-corporate.pdf
Download Restriction: no

File URL: http://www.ntanet.org/NTJ/65/3/ntj-v65n03p709-30-issues-design-taxes-corporate.html
Download Restriction: no

Bibliographic Info

Article provided by National Tax Association in its journal National Tax Journal.

Volume (Year): 65 (2012)
Issue (Month): 3 (September)
Pages: 709-30

as in new window
Handle: RePEc:ntj:journl:v:65:y:2012:i:3:p:709-30

Contact details of provider:
Postal: 725 15th St. NW #600. Washington, D.C. 20005-2109
Phone: (202)737-3325
Fax: (202) 737-7308
Email:
Web page: http://www.ntanet.org/
More information through EDIRC

Related research

Keywords:

Other versions of this item:

Find related papers by JEL classification:

References

References listed on IDEAS
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.:
as in new window
  1. Johannes Becker & Clemens Fuest, 2007. "Taxing Foreign Profits with International Mergers and Acquisitions," Working Papers, Oxford University Centre for Business Taxation 0719, Oxford University Centre for Business Taxation.
  2. Bond, Stephen Roy & Devereux, Michael P, 2002. "Cash Flow Taxes in an Open Economy," CEPR Discussion Papers, C.E.P.R. Discussion Papers 3401, C.E.P.R. Discussion Papers.
  3. Shackelford, Douglas A. & Shaviro, Daniel N. & Slemrod, Joel, 2010. "Taxation And The Financial Sector," National Tax Journal, National Tax Association, National Tax Association, vol. 63(4), pages 781-806, December.
  4. Christian Keuschnigg & Martin Dietz, 2007. "A growth oriented dual income tax," International Tax and Public Finance, Springer, Springer, vol. 14(2), pages 191-221, April.
  5. Devereux, Michael P & Griffith, Rachel, 2003. "Evaluating Tax Policy for Location Decisions," International Tax and Public Finance, Springer, Springer, vol. 10(2), pages 107-26, March.
  6. Ruud de Mooij & M.P. Devereux, 2009. "An applied analysis of ACE and CBIT reform in the EU," CPB Discussion Paper, CPB Netherlands Bureau for Economic Policy Analysis 128, CPB Netherlands Bureau for Economic Policy Analysis.
  7. Lars P. Feld & Jost H. Heckemeyer, 2011. "Fdi And Taxation: A Meta‐Study," Journal of Economic Surveys, Wiley Blackwell, Wiley Blackwell, vol. 25(2), pages 233-272, 04.
  8. Michael P. Devereux & Rachel Griffith & Alexander Klemm, 2002. "Corporate income tax reforms and international tax competition," Economic Policy, CEPR;CES;MSH, CEPR;CES;MSH, vol. 17(35), pages 449-495, October.
  9. Leon Bettendorf & Albert van der Horst, 2006. "Documentation of CORTAX," CPB Memorandum, CPB Netherlands Bureau for Economic Policy Analysis 161, CPB Netherlands Bureau for Economic Policy Analysis.
  10. Feld, Lars P. & Heckemeyer, Jost H. & Overesch, Michael, 2011. "Capital structure choice and company taxation: A meta-study," ZEW Discussion Papers, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research 11-075, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  11. Marko Köthenbürger & Michael Stimmelmayr, 2009. "Corporate Taxation and Corporate Governance," CESifo Working Paper Series, CESifo Group Munich 2881, CESifo Group Munich.
  12. Steve Bond & Michael Devereux, 1993. "On the design of a neutral business tax under uncertainty," IFS Working Papers, Institute for Fiscal Studies W93/01, Institute for Fiscal Studies.
  13. Simon Loretz, 2008. "Corporate taxation in the OECD in a wider context," Working Papers, Oxford University Centre for Business Taxation 0821, Oxford University Centre for Business Taxation.
  14. Alexander Klemm, 2006. "Allowances for Corporate Equity in Practice," IMF Working Papers, International Monetary Fund 06/259, International Monetary Fund.
  15. Desai, Mihir A. & Hines, James R. Jr., 2003. "Evaluating International Tax Reform," National Tax Journal, National Tax Association, National Tax Association, vol. 56(3), pages 487-502, September.
  16. Robin Boadway & Neil Bruce, 1982. "A General Proposition on the Design of a Neutral Business Tax," Working Papers, Queen's University, Department of Economics 461, Queen's University, Department of Economics.
  17. Michael Devereux & Simon Loretz, 2011. "How Would EU Corporate Tax Reform Affect US Investment in Europe?," Working Papers, Oxford University Centre for Business Taxation 1124, Oxford University Centre for Business Taxation.
  18. (IFS), Institute for Fiscal Studies & Mirrlees, James (ed.), 2011. "Tax By Design: The Mirrlees Review," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780199553747, October.
  19. Doina Maria Radulescu & Michael Stimmelmayr, 2007. "ACE versus CBIT: Which is Better for Investment and Welfare?," CESifo Economic Studies, CESifo, CESifo, vol. 53(2), pages 294-328, June.
  20. Ruud A. de Mooij & Sjef Ederveen, 2008. "Corporate Tax Elasticities A Reader’s Guide to Empirical Findings," Working Papers, Oxford University Centre for Business Taxation 0822, Oxford University Centre for Business Taxation.
  21. Michael Keen & John King, 2002. "The Croatian profit tax: an ACE in practice," Fiscal Studies, Institute for Fiscal Studies, Institute for Fiscal Studies, vol. 23(3), pages 401-418, September.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ntj:journl:v:65:y:2012:i:3:p:709-30. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Charmaine Wright).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.