Riedel and M. Simmler (2014), Large and Influential: Firm Size and Governments' Corporate Tax Rate Choices, mimeo.Boehm, T., N. Riedel, and M. Simmler, "Large and influential : firm size and governments' corporate tax rate choice?," Oxford University Centre for Business Taxation Working ...
This paper exploits a tax reform on manufacturing firms in China to study the impact of taxes on firm innovation. The reform switched the corporate income tax collection from the local to the state tax bureau and reduced the effective tax rate by 10%. The reform only applied to firms establi...
Agglomeration and actual tax rates: firm-level evidence from China. Regional Studies. Across China the lower quartile of firms pays almost no tax, whereas the upper quartile pays the full tax rate of 33%. This paper suggests that a driver of this phenomenon is heterogeneous agglomeration. Using...
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1a. For every sales transaction between a supplier i and buyer j, the monetary value of the goods and services sold, \(V_{ji}\), can be inferred, from the tax rate, \(\tau\), and the tax amount paid, \(T_{ji}= \tau V_{ji}\). We use this as an estimate for the volume...
enterprise income taxstock marketHigh technology and innovation has become a central part of China's long-term growth strategy. The 2007 enterprise tax reform (EIT) significantly reduced the statutory tax rate of high-tech firms from 33 percent to at most 15 percent, and possibly less, ...
The total tax contribution of private enterprises was 1.114904 trillion yuan, which accounted for 14.4 % of the national tax revenue and over 60 % of the gross domestic product (GDP) (Huang 2011, 1-35). The private economy has undoubtedly become an important driving force of Chinese economic...
Third, the negative influence of leverage on firm value tends to be strengthened if increases occur in a firm's free cash flow, a firm's non-debt tax rate, or the inflation rate it experiences. Finally, leverage may also have a positive effect on firm value provided that a firm with a...
Abstract A destination-based \{VAT\} system without a complete export tax rebate is detrimental to a country's exports, while an increase in the \{VAT\} rebate rate helps reduce the negative effects. In this paper, we study the role of \{VAT\} rebates in affecting Chinese exports using...
Similarly, a high growth rate has been causally connected to successful export strategies50,51. SI Figure S10, in SI Text 9, shows that there is little to no correlation between the variables (insignificant Pearson correlation of r = 0.15, p = 0.12). Countries seem not to be ...