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Explaining Corporate Effective Tax Rates Before and During the Financial Crisis: Evidence from Greece

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  • Stamatopoulos, Ioannis
  • Hadjidema, Stamatina
  • Eleftheriou, Konstantinos

Abstract

This paper examines the determinants of the variability in corporate effective tax rates before and after the beginning of the financial crisis in Greece. Analyzing firm-level data for the period between 2000 - 2014, we find strong evidence that specific firm characteristics including firm size, financial leverage, capital and inventory intensity influence the level of corporate effective tax rates. Our results also indicate that corporate effective tax rates and their association with the firm-specific characteristics were significantly influenced in the sub-period after the beginning of the financial crisis. Our findings may have important implications both for policy makers and firms.

Suggested Citation

  • Stamatopoulos, Ioannis & Hadjidema, Stamatina & Eleftheriou, Konstantinos, 2016. "Explaining Corporate Effective Tax Rates Before and During the Financial Crisis: Evidence from Greece," MPRA Paper 73787, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:73787
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    References listed on IDEAS

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    More about this item

    Keywords

    corporate taxation; financial crisis; Greece; tax determinants;
    All these keywords.

    JEL classification:

    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies

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