Economic Integration and the Optimal Corporate Tax Structure with Heterogeneous Firms
Economic Integration and the Optimal Corporate Tax Structure with Heterogeneous Firms
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DOI：
10.1016/j.jpubeco.2013.12.001
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发表时间：
2011-08
期刊：
影响因子：
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通讯作者：
C. Bauer;Ronald B. Davies;Andreas Haufler
中科院分区：
文献类型：
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作者：
C. Bauer;Ronald B. Davies;Andreas Haufler
本文将近期企业税制的减税扩基改革与更紧密的国际贸易一体化联系在一起。我们研究了一个小型开放经济体中的公司税结构，在这种情况下，通过给予超过真实资本成本的免税额来补贴资本投入是最优的。经济一体化降低了最优资本补贴，并将低生产率公司赶出了这个小国的国内市场，取而代之的是来自国外的高生产率出口商。除了众所周知的直接影响之外，这种内生的政策反应还产生了一种选择效应，当贸易壁垒下降时，这种选择效应会提高本国企业的平均生产率。
This paper links recent tax-rate-cut-cum-base-broadening reforms of corporate taxation to the closer integration of international trade. We study the corporate tax structure in a small open economy with heterogeneous firms, in a setting where it is optimal to subsidize capital inputs by granting a tax allowance in excess of the true costs of capital. Economic integration reduces the optimal capital subsidy and drives low-productivity firms from the small country's home market, replacing them with high-productivity exporters from abroad. This endogenous policy response creates a selection effect that increases the average productivity of home firms when trade barriers fall, in addition to the well-known direct effects.