TY - GEN

AU - Bachas, Pierre Jean

AU - Fisher-Post, Matthew

AU - Jensen, Anders

AU - Zucman, Gabriel

TI - Globalization and Factor Income Taxation

PB - The World Bank

KW - 1965-2019

KW - Globalisierung

KW - Handelsliberalisierung

KW - Wirkungsanalyse

KW - Steuertarif

KW - Einkommensteuer

KW - Lohnsteuer

KW - Kapitalertragsteuer

KW - Unternehmensbesteuerung

KW - Ereignisstudie

KW - Panel

KW - Welt

KW - Entwicklungsländer

KW - Capital Taxation

KW - Development Research Group

KW - Economic Adjustment and Lending

KW - Employment and Unemployment

KW - International Economics and Trade

KW - International Trade and Trade Rules

KW - Macroeconomics and Economic Growth

KW - Net Domestic Product

KW - Public Sector Development

KW - Reduction In Corporate Tax Rates

KW - Tax Rate On Labor

KW - Types of Tax Revenues

KW - World Trade Organization

PY - 2022

N2 - How has globalization affected the relative taxation of labor and capital, and why To address this question, this paper builds and analyzes a new database of effective macroeconomic tax rates covering 150 countries since 1965, constructed by combining national accounts data with government revenue statistics. Four main findings are obtained. (1) The effective tax rates on labor and capital have converged globally since the 1960s, due to a 10 percentage-point increase in labor taxation and a 5 percentage-point decline in capital taxation. (2) The decline in capital taxation is concentrated in high-income countries. By contrast, capital taxation has increased in developing countries since the 1990s, albeit from a low base. (3) Consistently across a variety of research designs, the findings show that the rise in capital taxation in developing countries can be explained by a tax capacity effect of international trade: trade openness leads to a concentration of economic activity in formal corporate structures, where capital taxes are easier to impose. (4) At the same time, international economic integration reduces statutory tax rates, due to increased tax competition. In high-income countries, this negative tax competition effect of trade has dominated, while in developing countries, the positive tax-capacity effect of international trade appears to have prevailed

CY - Washington, D.C

UR - http://slubdd.de/katalog?TN_libero_mab2

ER -