Implementing a (global?) minimum corporate income tax

Search Costs and Corporate Income Tax Competition

This paper studies corporate tax competition if it is costly to learn some of the elements that determine the e¤ective tax burden. Search cost may, but need not, eliminate the tax competition pressure. The outcome depends on the boundaries of tax rate and tax base choices. Search cost can explain the empirically observed tax cuts cum base broadening. Keywords: Costly search, tax competition, co...

The Corporate Alternative Minimum Tax as a State Revenue Source

T HE Federal Tax Reform Act of 1986 tivity bonds) no carryforward credit is replaced the add-on minimum tax apgenerated. plied to corporations with a new alterSome of the major AMT adjustments native minimum tax. Corporations must include depreciation deductions for propnow compute their tax liabilities under the erty subject to MACRS, which must be reordinary tax method at a 34 percent rate ca...

Dual Income Taxation as a Stepping Stone Towards a European Corporate Income Tax

Although globalization in trade and in particular in financial markets forced national governments to adjust their capital income tax regimes to capital mobility and to strategic tax competition since the mid 1980s, there is evidence that national governments facing this increased pressure have an interest in taxing corporate income at the national level. This interest is also true for EU membe...

What Does the Corporate Income Tax Tax? A Simple Model Without Capital

This paper challenges the traditional view of the corporate tax as taxing corporate capital rather than the act of incorporating. Our model has no capital. Entrepreneurs pay to go public to diversify their risk. In discouraging incorporation, the tax keeps more entrepreneurs private and exposed to more risk. The tax falls primarily on high-skilled entrepreneurs and to a lesser extent on labor, ...

Corporate Income Tax, Legal Form of Organization, and Employment