This paper investigates trends in the corporate effective tax rate by replicating the renowned paper of Dyreng et al. published in 2016. Corporate effective tax rates have considerably declined over the period of 1988-2021. Both purely domestic firms and multinationals have seen a decline in effective tax rates with domestics having lower mean effective tax rates than their internationally operating peers. Moreover, both foreign and domestic effective tax rates have decreased for multinationals. Little of the decrease in effective tax rate can be explained by analysing the impact of firm characteristics and tax legislations.
Table of Contents
Abstract
List of figures
List of tables
1. Introduction
2. Hypotheses development
3. Sample and descriptive statistics
4. Main results of hypotheses tests
4.1. The effective tax rates of U.S. corporations have decreased over time
4.1.1. Replication of Dyreng et al.'s model
4.1.2. Extension of the sample period to 2021
4.2. The effective tax rates of multinational firms are declining more over time than those of purely domestic firms
4.2.1. Replication of Dyreng et al.'s model
4.2.2. Extension of the sample period to 2021
4.3. For multinationals the effective tax rate on foreign income declines more over time than does the effective tax rate on domestic income
4.3.1. Replication of Dyreng et al.'s model
4.3.2. Extension of the sample period to 2021
5. Determinants of effective tax rates
5.1. The effect of changes in firm characteristics
5.1.1. Replication of Dyreng et al.'s model
5.1.2. Extension of the sample period to 2021
5.2. The effect of changes in the U.S. tax system over time
5.2.1. Replication of Dyreng et al.'s model
5.2.2. Extension of the sample period to 2021
6. Summary of findings
7. Conclusion
8. Appendix
9. References
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Téléchargez vos propres textes! Gagnez de l'argent et un iPhone X. -
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Téléchargez vos propres textes! Gagnez de l'argent et un iPhone X. -
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Téléchargez vos propres textes! Gagnez de l'argent et un iPhone X. -
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Téléchargez vos propres textes! Gagnez de l'argent et un iPhone X. -
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Téléchargez vos propres textes! Gagnez de l'argent et un iPhone X. -
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Téléchargez vos propres textes! Gagnez de l'argent et un iPhone X.