scholarly journals Effects of Corporate Tax Reforms on Smes' Investment Decisions Under the Particular Consideration of Inflation

2005 ◽  
Author(s):  
Chang Woon Nam ◽  
Doina Maria Radulescu
Keyword(s):  
Investment Decisions ◽  
Corporate Tax ◽  
Tax Reforms

Investors' Responses to Social Conflict between CSR and Corporate Tax Avoidance

2020 ◽  
Vol 19 (1) ◽  
pp. 57-72
Author(s):  
David J. Emerson ◽  
Ling Yang ◽  
Ruilian Xu
Keyword(s):  
Investment Decisions ◽  
Tax Avoidance ◽  
Negative Influence ◽  
Negative Consequences ◽  
Corporate Tax ◽  
Stakeholder Values ◽  
Area Of Interest ◽  
Joint Influence ◽  
Corporate Social ◽  
Investment Intentions

ABSTRACT There is often conflict between disclosures and actions in corporate operations. One area of interest relates to the joint influence of tax avoidance and Corporate Social Responsibility on economic outcomes. We evaluate investor perceptions when these corporate behaviors are in conflict, and our results indicate that tax avoidance negatively influences investment decisions. We find that although CSR in isolation has no direct effect, the negative influence of tax avoidance is tempered when it is present. We provide evidence that not only do a firm's policies related to CSR and tax avoidance result in diverse investment intentions, but also that it is the individual's unique beliefs on ethics and CSR that appear to be driving these differences. Our results suggest that espousing stakeholder values serves as a shield to protect the company from the negative consequences associated with tax avoidance, and that individual attitudes can shape perceptions relative to these behaviors.

Besteuerungsprinzipien und effektive Unternehmenssteuerbelastungen in der Europäischen Union: Regelt sich die EU-weite Steuerharmonisierung von selbst?

2011 ◽  
Vol 12 (1) ◽  
pp. 47-71 ◽  
Author(s):  
Christina Elschner ◽  
Jost H. Heckemeyer ◽  
Christoph Spengel
Keyword(s):  
European Union ◽  
Investment Decisions ◽  
Tax Rates ◽  
Eu Law ◽  
The European Union ◽  
Corporate Tax ◽  
Cross Border ◽  
Tax Regimes ◽  
Country Specific ◽  
The Eu

AbstractEU law demands that the allocation of factors and goods within the European Union shall not be distorted by taxes. Efforts to formally harmonize corporate tax regimes in Europe have, however, stalled in recent years. What is more, the source principle has prevailed over residence based taxation which is seen to be more in line with EU law. Tax induced distortions of cross-border investment decisions are supposed to be the consequence. Based on country-specific effective average tax rates from 1998 to 2009, this article shows that there is, however, non-coordinated convergence of tax burdens within the EU. Thus, distortions of cross-border investment decisions are limited and decreasing even without formal harmonization.

scholarly journals Political Costs of Tax-Based Consolidations

2019 ◽  
Vol 19 (298) ◽  
Author(s):  
Chuling Chen ◽  
Era Dabla-Norris ◽  
Jay Rappaport ◽  
Aleksandra Zdzienicka
Keyword(s):  
Public Support ◽  
Economic Conditions ◽  
Personal Income Tax ◽  
Corporate Tax ◽  
Tax Reforms ◽  
Political Costs ◽  
Growth Prospects ◽  
The Government ◽  
The Impact

This paper studies the impact of tax-based consolidations on reelection outcomes. Using a granular database of tax-based consolidations for a panel of 10 OECD countries over the last 40 years, we find that tax reforms are politically costly but some reforms are costlier than others. Measures aimed primarily at reducing existing deficits and debt are costlier than tax consolidation policies for improving long-term growth prospects. Electoral costs are particularly high for broad-based indirect tax and corporate tax reforms. Voters tend to penalize governments less if tax consolidations are announced early in the government’s term or if the government has a strong political mandate. Favorable economic conditions increase public support for tax-based consolidations. Personal income tax reforms are electorally salient if the reforms are frontloaded, announced during recessions, and in less progressive tax systems.

Business Power and Tax Reform: Taxing Income and Profits in Chile and Argentina

2010 ◽  
Vol 52 (2) ◽  
pp. 37-71 ◽  
Author(s):  
Tasha Fairfield
Keyword(s):  
Tax Evasion ◽  
Structural Adjustment ◽  
Information Access ◽  
Investment Decisions ◽  
Policy Agenda ◽  
Corporate Tax ◽  
Firm Level ◽  
Structural Power ◽  
Business Power ◽  
Political Actions

AbstractThis article examines efforts to increase taxation of highly concentrated, undertapped income and profits in Latin America in the aftermath of structural adjustment. Argentina has advanced further than Chile in two policy areas: corporate taxation, which taps firm-level profits; and tax agency access to bank information, which helps reduce income tax evasion. These outcomes are explained by drawing on the classic concepts of business instrumental power, which entails political actions, and structural power, which arises from investment decisions. In Chile, strong instrumental power removed reforms in both areas from the policy agenda. In Argentina, much weaker instrumental power at the cross-sectoral level facilitated corporate tax increases. Bank information access was expanded after Argentina's 2001 crisis weakened the financial sector's instrumental power and reduced structural power.

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