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Publication Date: September 2008
Publisher: National Center for Policy Analysis (U.S.)
Author(s): Mehreen Younis
Research Area: Banking and finance
Keywords: Corporate Tax; Revenue; Investment
Type: Brief
Coverage: United States
Abstract:
Globalization and capital mobility are increasing tax competition among countries. Lower tax rates increase aftertax returns to capital, raising economic growth rates. They can also make economies more attractive for foreign investment. Furthermore, lower taxes on capital are generally associated with increased government tax revenues.