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dc.contributor.authorBuettner, Thiessen_US
dc.contributor.authorFuest, Clemensen_US
dc.date.accessioned2009-10-21en_US
dc.date.accessioned2010-05-14T08:21:59Z-
dc.date.available2010-05-14T08:21:59Z-
dc.date.issued2009en_US
dc.identifier.urihttp://hdl.handle.net/10419/30547-
dc.description.abstractThis paper analyses the effectiveness of the corporate income tax as an automatic stabilizer. It employs a unique firm-level dataset of German manufacturers combining financial statements with firm-specific information about credit market restrictions. The results show that approximately 20 per cent of all firms report both positive taxable income and capital market restrictions. Taking account of the income tax rates and the size differences of the firms, we find that demand stabilization through the corporate income tax amounts to about 8 per cent of an initial shock to gross revenues. This stabilization effect varies over the business cycle and tends to increase during cyclical downturns.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2798en_US
dc.subject.jelH25en_US
dc.subject.jelH32en_US
dc.subject.jelE63en_US
dc.subject.ddc330en_US
dc.subject.keywordcorporate income taxen_US
dc.subject.keywordstabilizationen_US
dc.subject.keywordcapital market restrictionsen_US
dc.subject.keywordloss offseten_US
dc.subject.keywordfirm-level dataen_US
dc.subject.stwKörperschaftsteueren_US
dc.subject.stwEingebauter Stabilisatoren_US
dc.subject.stwVerarbeitendes Gewerbeen_US
dc.subject.stwVerlusten_US
dc.subject.stwSteuerbegünstigungen_US
dc.subject.stwVerschuldungsrestriktionen_US
dc.subject.stwDeutschlanden_US
dc.titleThe role of the corporate income tax as an automatic stabilizeren_US
dc.typeWorking Paperen_US
dc.identifier.ppn610759779en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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