Why Have Corporate Tax Revenues Declined? Another Look
By Alan J. Auerbach. Social Science Research Network, 2007
133 citations recorded by the source corpus.
The relative constancy of nonfinancial corporate tax revenues as a share of U.S. GDP masks offsetting trends in the ratio of corporate profits to GDP (declining) and the average tax rate (increasing). The average tax rate rose steadily between 1996 and 2003, an increase largely attributable to the importance of tax losses. This rise casts some doubt on the role of tax planning activities in reducing corporate taxes. So, too, does the relative stability of the rate of profit (relative to net assets), which might be expected to have declined had the understatement of profits for tax purposes been increasing.
Subfields: Accounting, Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/593bba107b24e02765e896d65a0dcc5fa197e9ed
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Citations in the corpus
- Changes in corporate effective tax rates over the past 25 years (2017, unknown): “There are also a few studies that examine trends in aggregate tax collections (e.g., Auerbach and Poterba, 1987; Auerbach, 2007).”
- Corporate tax policy and incorporation in the EU (2008, background): “Second, Auerbach (2006) suggests that losses can partly explain the rise in the implicit tax rate on corporations in the United States.”
- Taxation and Innovation in the 20th Century (2018, unknown): “To address changes in the Federal corporate tax base, we use as a robustness check the series of effective federal corporate tax rates constructed by Auerbach and Poterba (1987) and Auerbach (2007) over the period 1959-2000 instead of the statutory federal tax rate.”