LEADER 05028oam 22011774 450 001 9910819865503321 005 20240410162932.0 010 $a1-4623-9219-9 010 $a1-4527-2694-9 010 $a1-282-59020-0 010 $a9786613822604 010 $a1-4519-0843-1 035 $a(CKB)3360000000443295 035 $a(EBL)3014547 035 $a(SSID)ssj0000940137 035 $a(PQKBManifestationID)11563712 035 $a(PQKBTitleCode)TC0000940137 035 $a(PQKBWorkID)10946292 035 $a(PQKB)10763608 035 $a(OCoLC)694141255 035 $a(IMF)WPIEE2006047 035 $a(MiAaPQ)EBC3014547 035 $a(EXLCZ)993360000000443295 100 $a20020129d2006 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aDomestic Taxes and International Trade : $eSome Evidence /$fMichael Keen, Murtaza Syed 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2006. 215 $a1 online resource (30 p.) 225 1 $aIMF Working Papers 300 $a"February 2006." 311 $a1-4518-6307-1 320 $aIncludes bibliographical references. 327 $a""Contents""; ""I. INTRODUCTION""; ""II. TAX STRUCTURE AND NET EXPORTS: ANALYTICS""; ""III. THE DATA: A FIRST LOOK""; ""IV. EMPIRICAL ANALYSIS""; ""V. SUMMARY AND CONCLUSIONS""; ""References"" 330 3 $aThe effects on trade performance of corporate taxes and the value-added tax (VAT) continue to excite controversy but have received little empirical attention. This paper uses panel data for OECD countries from 1967 to 2003 to examine the effects of these taxes on export performance, paying particular attention to the potentially complex dynamic effects to which theory points. It finds that increased reliance on VAT revenue tends to be associated with a sharp reduction in net exports, which quickly fades. This may reflect unrelated movements in consumption, and our preferred specifications point to no trade effects of the VAT in either the short or the long run. Our results also point, however, to powerful and complex effects from the corporate tax, the pattern of which is as theory would predict from a source-based tax of this kind. Increases in corporate taxation-whether measured by revenues or the statutory rate-are associated with sharp short-run increases in net exports (consistent with induced capital flows abroad); these are then subsequently and quickly reversed (consistent with increased income from investments abroad), leaving an increase in net exports that converges to zero. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2006/047 606 $aValue-added tax$xEconometric models 606 $aCorporations$xTaxation$xEconometric models 606 $aInternational trade$xEconometric models 606 $aExports and Imports$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aTaxation$2imf 606 $aCorporate Taxation$2imf 606 $aBusiness Taxes and Subsidies$2imf 606 $aTrade: General$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aMacroeconomics: Consumption$2imf 606 $aSaving$2imf 606 $aWealth$2imf 606 $aCorporate & business tax$2imf 606 $aPublic finance & taxation$2imf 606 $aInternational economics$2imf 606 $aCorporate income tax$2imf 606 $aValue-added tax$2imf 606 $aExports$2imf 606 $aRevenue administration$2imf 606 $aConsumption$2imf 606 $aCorporations$2imf 606 $aSpendings tax$2imf 606 $aRevenue$2imf 606 $aEconomics$2imf 607 $aUnited States$2imf 615 0$aValue-added tax$xEconometric models. 615 0$aCorporations$xTaxation$xEconometric models. 615 0$aInternational trade$xEconometric models. 615 7$aExports and Imports 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aTaxation 615 7$aCorporate Taxation 615 7$aBusiness Taxes and Subsidies 615 7$aTrade: General 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aMacroeconomics: Consumption 615 7$aSaving 615 7$aWealth 615 7$aCorporate & business tax 615 7$aPublic finance & taxation 615 7$aInternational economics 615 7$aCorporate income tax 615 7$aValue-added tax 615 7$aExports 615 7$aRevenue administration 615 7$aConsumption 615 7$aCorporations 615 7$aSpendings tax 615 7$aRevenue 615 7$aEconomics 700 $aKeen$b Michael$0125941 701 $aSyed$b Murtaza$01660043 712 02$aInternational Monetary Fund.$bFiscal Affairs Dept. 801 0$bDcWaIMF 906 $aBOOK 912 $a9910819865503321 996 $aDomestic Taxes and International Trade$94019220 997 $aUNINA