Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/25830
Authors: 
Auerbach, Alan J.
Year of Publication: 
2006
Series/Report no.: 
CESifo working paper 1785
Abstract: 
The relative constancy of nonfinancial corporate tax revenues as a share of U.S. GDP masks offsetting trends in the ratio of corporate profits to GDP (declining) and the average tax rate (increasing). The average tax rate rose steadily between 1996 and 2003, an increase largely attributable to the importance of tax losses. This rise casts some doubt on the role of tax planning activities in reducing corporate taxes. So, too, does the relative stability of the rate of profit (relative to net assets), which might be expected to have declined had the understatement of profits for tax purposes been increasing.
JEL: 
H25
G32
Document Type: 
Working Paper

Files in This Item:
File
Size
95.05 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.