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The Incidence of the Corporate Income Tax is Irrelevant for its (Benefit-Based) Justification

NBER Working Paper Series, 2021-12

Copyright National Bureau of Economic Research, Inc. Dec 2021 ;ISSN: 0898-2937 ;DOI: 10.3386/w29547

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  • Title:
    The Incidence of the Corporate Income Tax is Irrelevant for its (Benefit-Based) Justification
  • Author: Naitram, Simon ; Weinzierl, Matthew C
  • Subjects: Corporate income tax ; Corporate taxes ; Income shifting ; Political Economy ; Public Economics ; Stockholders ; Tax rates ; Taxation
  • Is Part Of: NBER Working Paper Series, 2021-12
  • Description: Robust support for corporate income taxation is a puzzle for standard tax theory because the tax’s incidence is uncertain and unreliable. We propose a resolution: if the corporate tax is seen as a benefit-based tax, its normative appeal depends on the correspondence between its incidence and that of the benefit which corporations derive from the state’s activities. We show that a simple mechanism makes this correspondence exact—and the net incidence of the tax zero—when the tax base matches what we call the benefit base. As a result, the appeal of the corporate income tax is independent of incidence as conventionally understood.
  • Publisher: Cambridge: National Bureau of Economic Research
  • Language: English
  • Identifier: ISSN: 0898-2937
    DOI: 10.3386/w29547
  • Source: Alma/SFX Local Collection
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