Record Nr.

UNINA9910463610203321

Autore

Piatkowski Marcin

Titolo

Zero corporate income tax in Moldova : tax competition and its implications for Eastern Europe / / Marcin Piatkowski and Mariusz Jarmuzek

Pubbl/distr/stampa


[Washington, District of Columbia] : , : International Monetary Fund, , 2008
©2008

ISBN

1-4623-4973-0

1-4527-8943-6

9786612841545

1-4518-7061-2

1-282-84154-8

Descrizione fisica

1 online resource (33 p.)

Collana

IMF Working Papers

IMF working paper ; ; WP/08/203

Altri autori (Persone)

JarmuzekMariusz

Disciplina

336.243

Soggetti

Corporations - Taxation - Moldova

Corporations - Taxation - Europe, Eastern

Taxation - Moldova

Taxation - Europe, Eastern

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Contents; I. Introduction; II. Do Countries Compete Over Corporate Taxes?; Figures; 1. CIT Rate in the EU-15 and Eastern Europe; III. What Drives Tax Competition?; 2. GDP and CIT Rates in Europe, 2007; IV. Will the Moldovan Zero CIT Intensify Tax Competition in the Region?; Table; 1. Strategic Interaction in CIT Setting in Eastern Europe, 1995-2006; V. Implications for FDI, Economic Efficiency, Equity, and Welfare; 3. Ratio of US FDI to GDP for Four Groups of Countries; 4. World Bank Doing Business, 2008; 5. Eastern Europe: CIT Rate and Revenue; 6. Statutory and Effective CIT Rates in NMS-8

7. NMS-10: Gross Operating Surplus and Mixed Income8. CIT Revenue Maximizing Rate; 9. Eastern Europe: Average CIT and PIT; 10. Tax

Revenue by Source in NMS-10 and CIS; VI. Conclusions; References; Appendix I

Sommario/riassunto

Global economic integration intensified tax competition and raised concerns about the resulting ""race to the bottom"", which could undermine public investment and social spending. The aim of this paper is to test predictions that (i) there is interdependence in CIT rate setting in Eastern Europe and that (ii) the recent CIT cut in Moldova may intensify tax competition in the region. It finds that there is indeed evidence that during 1995-2006 countries in Eastern Europe strategically responded to changes in CIT rates in the region and that Moldovan zero CIT is likely to encourage further cuts