Tax Competition
Tax Competition
This paper examines the determinants of corporate savings in a cross-country panel setting. Specifically, it employs firm-level data covering more than 540,000 firm-year observations for 12 advanced and emerging market economies. Panel regression results suggest that reductions in statutory corporate income tax rates can explain one-third of the rise in corporate savings (defined as net financial assets) in 2003-17. This finding is supported by a propensity scores matching analysis of the effects of changes in corporate income tax rates.
- World Bank United States
CORPORATE SAVINGS, PROPENSITY SCORE MATCHING, 330, GLOBAL IMBALANCE, FINANCING POLICY, NET FINANCIAL ASSETS, CORPORATE INCOME TAX, TAXATION, EMERGING MARKET ECONOMIES
CORPORATE SAVINGS, PROPENSITY SCORE MATCHING, 330, GLOBAL IMBALANCE, FINANCING POLICY, NET FINANCIAL ASSETS, CORPORATE INCOME TAX, TAXATION, EMERGING MARKET ECONOMIES
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