Working Paper

Tax Competition : Is It a Source of the Corporate Savings Glut?

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collection.link.5
https://openknowledge.worldbank.org/handle/10986/9
collection.name.5
Policy Research Working Papers
dc.contributor.author
Kawamoto, Atsushi
dc.contributor.author
Muraki, Kei
dc.date.accessioned
2020-07-02T16:15:37Z
dc.date.available
2020-07-02T16:15:37Z
dc.date.issued
2020-06
dc.date.lastModified
2022-05-19T06:10:29Z
dc.description.abstract
This paper examines the determinants of corporate savings in a cross-country panel setting. Specifically, it employs firm-level data covering more than 540,000 firm-year observations for 12 advanced and emerging market economies. Panel regression results suggest that reductions in statutory corporate income tax rates can explain one-third of the rise in corporate savings (defined as net financial assets) in 2003-17. This finding is supported by a propensity scores matching analysis of the effects of changes in corporate income tax rates.
en
dc.identifier
http://documents.worldbank.org/curated/en/970321593089112651/Tax-Competition-Is-It-a-Source-of-the-Corporate-Savings-Glut
dc.identifier.uri
http://hdl.handle.net/10986/34017
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.relation.ispartofseries
Policy Research Working Paper;No. 9302
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
CORPORATE SAVINGS
dc.subject
GLOBAL IMBALANCE
dc.subject
CORPORATE INCOME TAX
dc.subject
PROPENSITY SCORE MATCHING
dc.subject
FINANCING POLICY
dc.subject
TAXATION
dc.subject
EMERGING MARKET ECONOMIES
dc.subject
NET FINANCIAL ASSETS
dc.title
Tax Competition
en
dc.title.subtitle
Is It a Source of the Corporate Savings Glut?
en
dc.type
Working Paper
en
okr.crossref.title
Tax Competition: Is it a Source of the Corporate Savings Glut?
okr.date.disclosure
2020-06-25
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Policy Research Working Paper
okr.docurl
http://documents.worldbank.org/curated/en/970321593089112651/Tax-Competition-Is-It-a-Source-of-the-Corporate-Savings-Glut
okr.googlescholar.linkpresent
yes
okr.identifier.doi
10.1596/1813-9450-9302
okr.identifier.externaldocumentum
090224b087ae10b0_2_0
okr.identifier.internaldocumentum
32173177
okr.identifier.report
WPS9302
okr.imported
true
en
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/970321593089112651/pdf/Tax-Competition-Is-It-a-Source-of-the-Corporate-Savings-Glut.pdf
en
okr.statistics.combined
961
okr.statistics.dr
970321593089112651
okr.topic
Public Sector Development :: Public Sector Economics
okr.topic
Macroeconomics and Economic Growth :: Financial Economics
okr.topic
Macroeconomics and Economic Growth :: Taxation & Subsidies
okr.unit
Prospects Group

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