LEADER 06394oam 22011654 450 001 9910779630603321 005 20230802010345.0 010 $a1-55775-481-0 010 $a1-58906-528-X 035 $a(CKB)2550000001041723 035 $a(EBL)1607031 035 $a(SSID)ssj0000960655 035 $a(PQKBManifestationID)11553766 035 $a(PQKBTitleCode)TC0000960655 035 $a(PQKBWorkID)10960034 035 $a(PQKB)11174753 035 $a(OCoLC)815548360 035 $a(MiAaPQ)EBC1607031 035 $a(Au-PeEL)EBL1607031 035 $a(CaPaEBR)ebr10661932 035 $a(IMF)WPIEE2012252 035 $a(IMF)WPIEA2012252 035 $a(EXLCZ)992550000001041723 100 $a20020129d2012 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aGlobalization and Corporate Taxation /$fManmohan Kumar, Dennis Quinn 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2012. 215 $a1 online resource (51 p.) 225 1 $aIMF Working Papers 300 $aTitle from PDF title page (IMF Web site, viewed Oct. 31, 2012). 300 $a"Fiscal Affairs and Finance Department." 300 $a"October 2012." 311 $a1-4755-4033-7 311 $a1-55775-475-6 320 $aIncludes bibliographical references. 327 $aCover; Contents; I. Introduction; II. Corporate Income Taxes and the Current Macroeconomic Context; III. Financial Globalization, Political Economy Factors, and Corporate Tax Rates; A. Open Economy Macroeconomics; B. Globalization and Strategic Considerations; C. Diffusion of Ideas; IV. Hypotheses; V. Data and Measures, and Methodology; VI. Results; VII. Conclusions; Figures; 1.Central Government Corporate Tax Rates by Region; 2. Corporate Income Tax Rate; 3. Unweighted Average of Central Government Corporate Revenue Central as Percent of GDP 327 $a4. Home CTR, s vs. Home CTR-U.S. CTR, s-1, Five-year Averages, 1955-20095. Home CTR, s vs. Home CTR-U.S. CTR, s-1, Five-year Averages, 1970-79; 6. Home CTR, s vs. Home CTR-U.S. CTR, s-1, Five-year Averages, 1980-89; 7. Home CTR, s vs. Home CTR-U.S. CTR, s-1, Five-year Averages, 1990-99; 8. Home CTR, s vs. Home CTR-U.S. CTR, s-1, Five-year Averages, 2000-09; 9. Home Corporate Tax Rates vs. U.S. Corporate Tax Rates-Estimates from GMM System Estimations, Table 4; 10. Top Personal and Top Corporate Tax Rates Unweighted Global Averages 1981-2005; Tables 327 $a1a. Factor Analysis of Regressors and Regressand 1b. Factor Analysis of Regressors and Regressand; 2. Determinants of Corporate Tax Rates: Full Sample, OECD and non-OECD; 3. Determinants of Corporate Tax Rates: OECD, Emerging and Developing Economies I; 4. Determinants of Corporate Tax Rates: OECD, Emerging and Developing Economies II; 5. Corporate Taxation, Capital Share and Countries' Net Asset Position; Appendix Tables; 1. Corporate Tax Revenues as a Percentage of GDP; 2. Country Classification; References 330 3 $aThis paper analyzes the extent to which the degree of international economic integration, both financial and trade, affects corporate tax rates. It explores this issue in the context of strategic behavior by countries, taking into account other global and domestic political economy factors. Tax rates are analyzed using a unique tax dataset for advanced and developing economies extending over five decades. We report a number of novel results: there is no general negative relationship between financial globalization and corporate tax rates and revenues?results vary according to country grouping with OECD countries showing a positive relationship; the United States exhibits a ?Stackelberg? type of leadership on other countries; trade integration is inversely correlated with tax rates; and public sentiment and ideology affect tax rates. The policy implications of these findings, particularly given budgetary pressures in the aftermath of the global crisis, are noted. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2012/252 606 $aCorporations$xTaxation 606 $aGlobalization 606 $aPersonal Finance -Taxation$2imf 606 $aPublic Finance$2imf 606 $aCorporate Taxation$2imf 606 $aGlobalization$2imf 606 $aOpen Economy Macroeconomics$2imf 606 $aInternational Relations and International Political Economy: Other$2imf 606 $aBusiness Taxes and Subsidies$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aGlobalization: General$2imf 606 $aPersonal Income and Other Nonbusiness Taxes and Subsidies$2imf 606 $aCorporate & business tax$2imf 606 $aPublic finance & taxation$2imf 606 $aCorporate income tax$2imf 606 $aCorporate taxes$2imf 606 $aRevenue administration$2imf 606 $aPersonal income tax$2imf 606 $aTaxes$2imf 606 $aCorporations$2imf 606 $aTaxation$2imf 606 $aRevenue$2imf 606 $aIncome tax$2imf 607 $aUnited States$2imf 615 0$aCorporations$xTaxation. 615 0$aGlobalization. 615 7$aPersonal Finance -Taxation 615 7$aPublic Finance 615 7$aCorporate Taxation 615 7$aGlobalization 615 7$aOpen Economy Macroeconomics 615 7$aInternational Relations and International Political Economy: Other 615 7$aBusiness Taxes and Subsidies 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aGlobalization: General 615 7$aPersonal Income and Other Nonbusiness Taxes and Subsidies 615 7$aCorporate & business tax 615 7$aPublic finance & taxation 615 7$aCorporate income tax 615 7$aCorporate taxes 615 7$aRevenue administration 615 7$aPersonal income tax 615 7$aTaxes 615 7$aCorporations 615 7$aTaxation 615 7$aRevenue 615 7$aIncome tax 700 $aKumar$b Manmohan$01464134 701 $aQuinn$b Dennis$01501269 712 02$aInternational Monetary Fund.$bFiscal Affairs Department. 712 02$aInternational Monetary Fund.$bFinance Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910779630603321 996 $aGlobalization and Corporate Taxation$93728387 997 $aUNINA