scholarly journals Effects of Corporate Tax Reforms on Smes' Investment Decisions Under the Particular Consideration of Inflation

2005 ◽  
Author(s):  
Chang Woon Nam ◽  
Doina Maria Radulescu
Keyword(s):  
Investment Decisions ◽  
Corporate Tax ◽  
Tax Reforms

Investors' Responses to Social Conflict between CSR and Corporate Tax Avoidance

2020 ◽  
Vol 19 (1) ◽  
pp. 57-72
Author(s):  
David J. Emerson ◽  
Ling Yang ◽  
Ruilian Xu
Keyword(s):  
Investment Decisions ◽  
Tax Avoidance ◽  
Negative Influence ◽  
Negative Consequences ◽  
Corporate Tax ◽  
Stakeholder Values ◽  
Area Of Interest ◽  
Joint Influence ◽  
Corporate Social ◽  
Investment Intentions

ABSTRACT There is often conflict between disclosures and actions in corporate operations. One area of interest relates to the joint influence of tax avoidance and Corporate Social Responsibility on economic outcomes. We evaluate investor perceptions when these corporate behaviors are in conflict, and our results indicate that tax avoidance negatively influences investment decisions. We find that although CSR in isolation has no direct effect, the negative influence of tax avoidance is tempered when it is present. We provide evidence that not only do a firm's policies related to CSR and tax avoidance result in diverse investment intentions, but also that it is the individual's unique beliefs on ethics and CSR that appear to be driving these differences. Our results suggest that espousing stakeholder values serves as a shield to protect the company from the negative consequences associated with tax avoidance, and that individual attitudes can shape perceptions relative to these behaviors.

Besteuerungsprinzipien und effektive Unternehmenssteuerbelastungen in der Europäischen Union: Regelt sich die EU-weite Steuerharmonisierung von selbst?

2011 ◽  
Vol 12 (1) ◽  
pp. 47-71 ◽  
Author(s):  
Christina Elschner ◽  
Jost H. Heckemeyer ◽  
Christoph Spengel
Keyword(s):  
European Union ◽  
Investment Decisions ◽  
Tax Rates ◽  
Eu Law ◽  
The European Union ◽  
Corporate Tax ◽  
Cross Border ◽  
Tax Regimes ◽  
Country Specific ◽  
The Eu

AbstractEU law demands that the allocation of factors and goods within the European Union shall not be distorted by taxes. Efforts to formally harmonize corporate tax regimes in Europe have, however, stalled in recent years. What is more, the source principle has prevailed over residence based taxation which is seen to be more in line with EU law. Tax induced distortions of cross-border investment decisions are supposed to be the consequence. Based on country-specific effective average tax rates from 1998 to 2009, this article shows that there is, however, non-coordinated convergence of tax burdens within the EU. Thus, distortions of cross-border investment decisions are limited and decreasing even without formal harmonization.

scholarly journals Political Costs of Tax-Based Consolidations

2019 ◽  
Vol 19 (298) ◽  
Author(s):  
Chuling Chen ◽  
Era Dabla-Norris ◽  
Jay Rappaport ◽  
Aleksandra Zdzienicka
Keyword(s):  
Public Support ◽  
Economic Conditions ◽  
Personal Income Tax ◽  
Corporate Tax ◽  
Tax Reforms ◽  
Political Costs ◽  
Growth Prospects ◽  
The Government ◽  
The Impact

This paper studies the impact of tax-based consolidations on reelection outcomes. Using a granular database of tax-based consolidations for a panel of 10 OECD countries over the last 40 years, we find that tax reforms are politically costly but some reforms are costlier than others. Measures aimed primarily at reducing existing deficits and debt are costlier than tax consolidation policies for improving long-term growth prospects. Electoral costs are particularly high for broad-based indirect tax and corporate tax reforms. Voters tend to penalize governments less if tax consolidations are announced early in the government’s term or if the government has a strong political mandate. Favorable economic conditions increase public support for tax-based consolidations. Personal income tax reforms are electorally salient if the reforms are frontloaded, announced during recessions, and in less progressive tax systems.

scholarly journals Is NY's Supply-side Experiment Working? A Preliminary Analysis using County Unemployment Rates

2018 ◽  
Vol 10 (3) ◽  
pp. 245-266
Author(s):  
Lynn B. Snarr ◽  
Hal Snarr ◽  
Dan Friesner
Keyword(s):  
New York ◽  
The State ◽  
Tax Rates ◽  
Free Enterprise ◽  
Corporate Tax ◽  
Tax Reforms ◽  
Tax Rate ◽  
Start Up ◽  
Level Data ◽  
Business Tax

The State of New York recently enacted business tax reforms. The first legislative act launched the START-UP NY program in 2014. It created tax free enterprise zones throughout the state to incentivize business incubation within, or relocation of existing firms to, the State of New York. In that same year, the state lowered its corporate tax rate state-wide from 7.1% to 6.5% in 2016. We use a difference-in-differences (DID) methodology, evaluated using county-level data, to empirically test whether New York’s recent business tax reforms significantly reduce unemployment, beyond what would exist in the absence of the reforms. We fail to find significant evidence that START-UP NY affects unemployment during the period studied, 2014-2017.  We do, however, find evidence suggesting that New York lowering its corporate tax rates in 2016 is associated with a large reduction in unemployment (by approximately 90,000 jobs) in 2016 and a smaller reduction (by approximately 25,000 jobs) in 2017.

Sign in / Sign up

Export Citation Format

Share Document