Author: Xavier Giroud
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 44
Book Description
In a sample of over 27 million establishments of U.S. firms with activities in more than one state, we estimate the impact of state business taxation on business activity. Only firms organized as subchapter C corporations are subject to the corporate tax code, whereas the income of partnerships, sole-proprietorships, and S corporations is passed through annually to the firm's owners and taxed at individual rates. For C corporations, both employment at existing establishments (intensive margin) and the number of establishments in the state (extensive margin) have corporate tax elasticities of -0.4. Pass-through entities, which serve as a control group for the corporate tax reforms, respond only to the personal tax code, with tax elasticities of -0.2 to -0.3. Around half of the effects are driven by reallocation of productive resources to other states where the treated firms have establishments. Capital shows similar patterns but is 36% less elastic than labor. A narrative approach confirms that the results are robust and strongest in the sample of tax changes that were implemented due to inherited budget deficits, long-run goals, or cross-state variation caused by Federal tax reforms.
State Taxation and the Reallocation of Business Activity
Author: Xavier Giroud
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 44
Book Description
In a sample of over 27 million establishments of U.S. firms with activities in more than one state, we estimate the impact of state business taxation on business activity. Only firms organized as subchapter C corporations are subject to the corporate tax code, whereas the income of partnerships, sole-proprietorships, and S corporations is passed through annually to the firm's owners and taxed at individual rates. For C corporations, both employment at existing establishments (intensive margin) and the number of establishments in the state (extensive margin) have corporate tax elasticities of -0.4. Pass-through entities, which serve as a control group for the corporate tax reforms, respond only to the personal tax code, with tax elasticities of -0.2 to -0.3. Around half of the effects are driven by reallocation of productive resources to other states where the treated firms have establishments. Capital shows similar patterns but is 36% less elastic than labor. A narrative approach confirms that the results are robust and strongest in the sample of tax changes that were implemented due to inherited budget deficits, long-run goals, or cross-state variation caused by Federal tax reforms.
Publisher:
ISBN:
Category : Corporations
Languages : en
Pages : 44
Book Description
In a sample of over 27 million establishments of U.S. firms with activities in more than one state, we estimate the impact of state business taxation on business activity. Only firms organized as subchapter C corporations are subject to the corporate tax code, whereas the income of partnerships, sole-proprietorships, and S corporations is passed through annually to the firm's owners and taxed at individual rates. For C corporations, both employment at existing establishments (intensive margin) and the number of establishments in the state (extensive margin) have corporate tax elasticities of -0.4. Pass-through entities, which serve as a control group for the corporate tax reforms, respond only to the personal tax code, with tax elasticities of -0.2 to -0.3. Around half of the effects are driven by reallocation of productive resources to other states where the treated firms have establishments. Capital shows similar patterns but is 36% less elastic than labor. A narrative approach confirms that the results are robust and strongest in the sample of tax changes that were implemented due to inherited budget deficits, long-run goals, or cross-state variation caused by Federal tax reforms.
State Taxation of Business
Author: Thomas F. Pogue
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 370
Book Description
Papers delivered by various contributors at a seminar organized by the National Tax Association on 7-8 March, 1991. Includes: State business taxation: description and rationales; State taxation of corporate income; Exporting of state taxes; State taxation of telecommunications; State taxation of multistate banking; State taxation of insurance companies; Environmental taxes and fees.
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 370
Book Description
Papers delivered by various contributors at a seminar organized by the National Tax Association on 7-8 March, 1991. Includes: State business taxation: description and rationales; State taxation of corporate income; Exporting of state taxes; State taxation of telecommunications; State taxation of multistate banking; State taxation of insurance companies; Environmental taxes and fees.
State Taxation on Interstate Commerce, 1959
Author: United States. Congress. Senate. Committee on Small Business
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 264
Book Description
Publisher:
ISBN:
Category : Income tax
Languages : en
Pages : 264
Book Description
Allocation of Income in State Taxation
Author: George Tilden Altman
Publisher:
ISBN:
Category : Double taxation
Languages : en
Pages : 288
Book Description
Publisher:
ISBN:
Category : Double taxation
Languages : en
Pages : 288
Book Description
State Taxation
Author: Jerome R. Hellerstein
Publisher:
ISBN:
Category : Taxation, State
Languages : en
Pages : 534
Book Description
Publisher:
ISBN:
Category : Taxation, State
Languages : en
Pages : 534
Book Description
State Taxation
Author: United States. Congress. House. Committee on the Judiciary. Subcommittee on Commercial and Administrative Law
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 264
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 264
Book Description
The Structure of State Corporate Taxation and Its Impact on State Tax Revenues and Economic Activity
Author: Juan Carlos Suárez Serrato
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper documents facts about the state corporate tax structure -- tax rates, base rules, and credits -- and investigates its consequences for state tax revenue and economic activity. We present three main findings. First, tax base rules and credits explain more of the variation in the state corporate tax revenue than tax rates do. Second, although states typically do not offset tax rate changes with base and credit changes, the effects of tax rate changes on tax revenue and economic activity depend on the breadth of the base. Third, as states have narrowed their tax bases, the relationship between tax rates and tax revenues has diminished. Overall, changes in state tax bases have made the state corporate tax system more favorable for corporations and are reducing the extent to which tax rate increases raise corporate tax revenue.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
This paper documents facts about the state corporate tax structure -- tax rates, base rules, and credits -- and investigates its consequences for state tax revenue and economic activity. We present three main findings. First, tax base rules and credits explain more of the variation in the state corporate tax revenue than tax rates do. Second, although states typically do not offset tax rate changes with base and credit changes, the effects of tax rate changes on tax revenue and economic activity depend on the breadth of the base. Third, as states have narrowed their tax bases, the relationship between tax rates and tax revenues has diminished. Overall, changes in state tax bases have made the state corporate tax system more favorable for corporations and are reducing the extent to which tax rate increases raise corporate tax revenue.
The Future of State Taxation
Author: David Brunori
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 256
Book Description
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 256
Book Description
State Tax Policy
Author: David Brunori
Publisher: The Urban Insitute
ISBN: 9780877667261
Category : Business & Economics
Languages : en
Pages : 164
Book Description
Publisher: The Urban Insitute
ISBN: 9780877667261
Category : Business & Economics
Languages : en
Pages : 164
Book Description
State Taxation of Interstate Commerce
Author: Machinery and Allied Products Institute
Publisher:
ISBN:
Category : Interstate commerce
Languages : en
Pages : 52
Book Description
Publisher:
ISBN:
Category : Interstate commerce
Languages : en
Pages : 52
Book Description