Domestic Taxes and International Trade : : Some Evidence / / Michael Keen, Murtaza Syed

• Autore: Keen Michael
• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2006
• Descrizione fisica: 1 online resource (30 p.)
• Soggetto topico: Value-added tax - Econometric models; Corporations - Taxation - Econometric models; International trade - Econometric models; Exports and Imports; Macroeconomics; Public Finance; Taxation; Corporate Taxation; Business Taxes and Subsidies; Trade: General; Taxation, Subsidies, and Revenue: General; Macroeconomics: Consumption; Saving; Wealth; Corporate & business tax; Public finance & taxation; International economics; Corporate income tax; Value-added tax; Exports; Revenue administration; Consumption; Corporations; Spendings tax; Revenue; Economics
• Soggetto geografico: United States
• Altri autori: SyedMurtaza
• Note generali: "February 2006."
• Nota di bibliografia: Includes bibliographical references.
• Nota di contenuto: ""Contents""; ""I. INTRODUCTION""; ""II. TAX STRUCTURE AND NET EXPORTS: ANALYTICS""; ""III. THE DATA: A FIRST LOOK""; ""IV. EMPIRICAL ANALYSIS""; ""V. SUMMARY AND CONCLUSIONS""; ""References""
• Sommario/riassunto: The 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.
• Titolo autorizzato: Domestic Taxes and International Trade
• ISBN: 1-4623-9219-9; 1-4527-2694-9; 1-282-59020-0; 9786613822604; 1-4519-0843-1
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910788519103321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Working Papers; Working Paper ; ; No. 2006/047