Corporate Taxation and Capital Accumulation

Xing, Jing (2012) Corporate Taxation and Capital Accumulation. In: Seminar, 17/12/2012, Fudan University, Shanghai.

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We present new empirical evidence that aggregate capital accumulation is strongly influenced by the user cost of capital and, in particular, by corporate tax incentives summarised in the tax-adjusted user cost. We use sectoral panel data for the USA, Japan, Australia and ten EU countries over the period 1982-2007. Our panel combines data on capital stocks, value-added and relative prices from the EU KLEMS database with measures of effective corporate tax rates from the Oxford University Centre for Business Taxation. Given the tax-adjusted user cost, we find little additional information in statutory corporate tax rates or effective average tax rates.

Item Type: Conference or Workshop Item (Paper)
Keywords: Capital accumulation, user cost of capital, corporate taxation
Subject(s): Taxation
Centre: Oxford University Centre for Business Taxation
Date Deposited: 25 Mar 2013 14:06
Last Modified: 23 Oct 2015 14:08

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