Do Corporate Taxes Reduce Productivity and Investment at the Firm Level?: Cross-Country Evidence from the Amadeus Dataset
This paper uses a stratified sample of firms across OECD economies over the period 1996-2004 to analyse the effects of corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits differential effects of corporate taxes on firms with differ...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
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Paris
OECD Publishing
2008
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Online-Zugang: | kostenfrei |
| Zusammenfassung: | This paper uses a stratified sample of firms across OECD economies over the period 1996-2004 to analyse the effects of corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits differential effects of corporate taxes on firms with different profitability, it is found that corporate taxes have a negative effect on productivity at the firm level. The effect is negative across firms of different size and age classes except for the small and young, which may be attributable to the relatively low profitability of small and young firms. The negative effect of corporate taxes is particularly pronounced for firms that are catching up with the technological frontier. In the investment analysis, the results suggest that corporate taxes reduce investment through an increase in the user cost of capital. This may partly explain the negative productivity effects of corporate taxes if new capital goods embody technological change |
| Beschreibung: | 1 Online-Ressource (26 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/236246774048 |
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| spelling | Schwellnus, Cyrille Verfasser aut Do Corporate Taxes Reduce Productivity and Investment at the Firm Level? Cross-Country Evidence from the Amadeus Dataset Cyrille Schwellnus and Jens Matthias Arnold = Les impôts sur le revenu des sociétés réduisent-ils la productivité et l'investissement des firmes? / Cyrille Schwellnus et Jens Matthias Arnold Les impôts sur le revenu des sociétés réduisent-ils la productivité et l'investissement des firmes? Paris OECD Publishing 2008 1 Online-Ressource (26 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper uses a stratified sample of firms across OECD economies over the period 1996-2004 to analyse the effects of corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits differential effects of corporate taxes on firms with different profitability, it is found that corporate taxes have a negative effect on productivity at the firm level. The effect is negative across firms of different size and age classes except for the small and young, which may be attributable to the relatively low profitability of small and young firms. The negative effect of corporate taxes is particularly pronounced for firms that are catching up with the technological frontier. In the investment analysis, the results suggest that corporate taxes reduce investment through an increase in the user cost of capital. This may partly explain the negative productivity effects of corporate taxes if new capital goods embody technological change Economics Arnold, Jens Matthias ctb https://doi.org/10.1787/236246774048 Verlag kostenfrei Volltext |
| spellingShingle | Schwellnus, Cyrille Do Corporate Taxes Reduce Productivity and Investment at the Firm Level? Cross-Country Evidence from the Amadeus Dataset Economics |
| title | Do Corporate Taxes Reduce Productivity and Investment at the Firm Level? Cross-Country Evidence from the Amadeus Dataset |
| title_alt | Les impôts sur le revenu des sociétés réduisent-ils la productivité et l'investissement des firmes? |
| title_auth | Do Corporate Taxes Reduce Productivity and Investment at the Firm Level? Cross-Country Evidence from the Amadeus Dataset |
| title_exact_search | Do Corporate Taxes Reduce Productivity and Investment at the Firm Level? Cross-Country Evidence from the Amadeus Dataset |
| title_exact_search_txtP | Do Corporate Taxes Reduce Productivity and Investment at the Firm Level? Cross-Country Evidence from the Amadeus Dataset |
| title_full | Do Corporate Taxes Reduce Productivity and Investment at the Firm Level? Cross-Country Evidence from the Amadeus Dataset Cyrille Schwellnus and Jens Matthias Arnold = Les impôts sur le revenu des sociétés réduisent-ils la productivité et l'investissement des firmes? / Cyrille Schwellnus et Jens Matthias Arnold |
| title_fullStr | Do Corporate Taxes Reduce Productivity and Investment at the Firm Level? Cross-Country Evidence from the Amadeus Dataset Cyrille Schwellnus and Jens Matthias Arnold = Les impôts sur le revenu des sociétés réduisent-ils la productivité et l'investissement des firmes? / Cyrille Schwellnus et Jens Matthias Arnold |
| title_full_unstemmed | Do Corporate Taxes Reduce Productivity and Investment at the Firm Level? Cross-Country Evidence from the Amadeus Dataset Cyrille Schwellnus and Jens Matthias Arnold = Les impôts sur le revenu des sociétés réduisent-ils la productivité et l'investissement des firmes? / Cyrille Schwellnus et Jens Matthias Arnold |
| title_short | Do Corporate Taxes Reduce Productivity and Investment at the Firm Level? |
| title_sort | do corporate taxes reduce productivity and investment at the firm level cross country evidence from the amadeus dataset |
| title_sub | Cross-Country Evidence from the Amadeus Dataset |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/236246774048 |
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