Relationship Between Corporate Tax Revenue and Select Macroeconomic Factors: An Empirical Analysis

##plugins.themes.academic_pro.article.sidebar##

Published Dec 31, 2015
Download
PDF
Statistic

Downloads

Download data is not yet available.

Metrics

Metrics Loading ...
Volume 5, Issue 2, December 2015

##plugins.themes.academic_pro.article.main##

A. Balakrishnan
Department of Banking Technology, Pondicherry University
Moinak Maiti
Department of Banking Technology, Pondicherry University

Abstract

In this paper examine the relation between corporate tax revenue and Select macroeconomic factors. We employ quarterly data of corporate tax revenue, gross domestic product, wholesale price index, and banks lending rate from 1990-2013. Empirical results exhibit that there is significant relation found between corporate tax revenue and bank lending rate. Further, no relation between corporate tax revenue and gross domestic product, wholesale price index exists.

##plugins.themes.academic_pro.article.details##

How to Cite
Balakrishnan, A., & Maiti, M. (2015). Relationship Between Corporate Tax Revenue and Select Macroeconomic Factors: An Empirical Analysis. SJCC Management Research Review, 1–8. Retrieved from http://www.sjccmrr.res.in/index.php/sjcc/article/view/80

References

  1. Agbeyegbe, T. D., Stotsky, J. G., &WoldeMariam, A. (2004). Trade Liberalization, Exchange Rate Changes, and Tax Revenue in Sub-Saharan Africa (No. 403). Hunter College: Department of Economics.
  2. Ahmed, Q. M., & Muhammad, S. D. (2010). Determinant of Tax Buoyancy: Empirical Evidence from Developing Countries. European Journal of Social Sciences, 13(3), 408-418.
  3. Arikan, C., & Yalcin, Y. (2013).Determining the Exogeneity of Tax Components with Respect to GDP. International Journal of Academic Research in Accounting, Finance and Management Sciences, 3(3), 242-255.
  4. Auerbach, A. J. (2007). Why have corporate tax revenues declined? Another look. CESifo Economic Studies, 53(2), 153-171.
  5. Auerbach, Alan J., and James M. Poterba. "Why Have Corporate Tax Revenues Declined?." NBER Working Paper w2118 (1987).
  6. Barro, Robert J., and Xavier Sala-i-Martin."Public finance in models of economic growth." The Review of Economic Studies 59.4 (1992): 645-661.
  7. Bartelsman, E. J., & Beetsma, R. M. (2003). Why pay more? Corporate tax avoidance through transfer pricing in OECD countries. Journal of Public Economics, 87(9), 2225-2252.
  8. Bénassy-Queré, A., Fontagne, L., & Lahréche-Revil, A. (2000). Foreign direct investment and the prospects for tax co-ordination in Europe (Vol. 6). CEPII.
  9. Bretschger, L., & Hettich, F. (2005). Globalization and international tax competition: empirical evidence based on effective tax rates. Journal of Economic Integration, 530-542.
  10. Bretschger, L., &Hettich, F. (2002). Globalisation, capital mobility and tax competition: theory and evidence for O0ECD countries. European journal of political economy, 18(4), 695-716.
  11. Bujang, I., Hakim, T. A., & Ahmad, I. (2013). Tax Structure and Economic Indicators in Developing and High-income OECD Countries: Panel Cointegration Analysis. Procedia Economics and Finance, 7, 164-173.
  12. Cornia, G. C., & Nelson, R. D. (2010).State tax revenue growth and volatility.Federal Reserve Bank of St. Louis Regional Economic Development, 6(1), 23-58.
  13. Devereux, M. P., Griffith, R., & Klemm, A. (2004). Why has the UK corporation tax raised so much revenue?. Fiscal Studies, 25(4), 367-388.
  14. Ganghof, S. (2005). Globalization, tax reform ideals and social policy financing.Global Social Policy, 5(1), 77-95.
  15. Garrett, T. A., & Wagner, G. A. (2004). State government finances: World War II to the current crises. Federal Reserve Bank of St. Louis Review, 86 (March/April 2004).
  16. Gordon, R., & Li, W. (2009). Tax structures in developing countries: Many puzzles and a possible explanation. Journal of public Economics, 93(7), 855-866.
  17. Griffith, R., & Klemm, A. (2004). What has been the tax competition experience of the past 20 years?.
  18. Gropp, R., & Kostial, K. (2000). The disappearing tax base: is foreign direct investment eroding corporate income taxes? (No. 0031).
  19. Holcombe, R. G., & Lacombe, D. J. (2004).The effect of state income taxation on per capita income growth. Public Finance Review, 32(3), 292-312.
  20. Piotrowska, J., & Vanborren, W. (2008). The corporate income tax rate-revenue paradox: Evidence in the EU(No. 12). Directorate General Taxation and Customs Union, European Commission.
  21. Romer, C. D., & Romer, D. H. (2007). The macroeconomic effects of tax changes: estimates based ona new measure of fiscal shocks (No. w13264). National Bureau of Economic Research.
  22. Slemrod, J. (2004). Are corporate tax rates, or countries, converging?. Journal of Public Economics, 88(6), 1169-1186.
  23. Swank, D., & Steinmo, S. (2002). The new political economy of taxation in advanced capitalist democracies. American Journal of Political Science, 642-655. The Hindu News Paper dated 19th August, 2014.
  24. Yiiksel, H., Orhan, M., & Oztunc, H. Tax Revenue and Main Macroeconomic Indicators in Turkey. European Journal of Economic and Political Studies, 135.