Destination-based business cash flow taxes

Destination-based business cash-flow taxes have received a great deal of attention and are being widely considered as a replacement for traditional, origin-based, corporate taxes. These taxes combine the strong revenue-raising ability of a VAT with an enormously expensive tax deduction for wages. Th...

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Detalles Bibliográficos
Autor principal: Martin, Will
Formato: Brief
Lenguaje:Inglés
Publicado: OCP Policy Center 2019
Materias:
Acceso en línea:https://hdl.handle.net/10568/146744
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author Martin, Will
author_browse Martin, Will
author_facet Martin, Will
author_sort Martin, Will
collection Repository of Agricultural Research Outputs (CGSpace)
description Destination-based business cash-flow taxes have received a great deal of attention and are being widely considered as a replacement for traditional, origin-based, corporate taxes. These taxes combine the strong revenue-raising ability of a VAT with an enormously expensive tax deduction for wages. They would certainly be attractive to foreign investors by eliminating the burden of current corporate taxes. However, adopting them at the rates typically discussed would raise consumer prices dramatically. A more fundamental problem is that practical versions of such taxes would likely reduce net government revenues in countries adopting them.
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spelling CGSpace1467442024-10-25T07:57:19Z Destination-based business cash flow taxes Martin, Will public finance taxes fiscal policies value added tax consumer prices foreign investment Destination-based business cash-flow taxes have received a great deal of attention and are being widely considered as a replacement for traditional, origin-based, corporate taxes. These taxes combine the strong revenue-raising ability of a VAT with an enormously expensive tax deduction for wages. They would certainly be attractive to foreign investors by eliminating the burden of current corporate taxes. However, adopting them at the rates typically discussed would raise consumer prices dramatically. A more fundamental problem is that practical versions of such taxes would likely reduce net government revenues in countries adopting them. 2019-01-31 2024-06-21T09:08:33Z 2024-06-21T09:08:33Z Brief https://hdl.handle.net/10568/146744 en Open Access OCP Policy Center Martin, Will. 2018. Destination-based business cash flow taxes. OCP Policy Brief 18/11. Rabat, Morocco: OCP Policy Center. http://www.ocppc.ma/publications/destination-based-business-cash-flow-taxes
spellingShingle public finance
taxes
fiscal policies
value added tax
consumer prices
foreign investment
Martin, Will
Destination-based business cash flow taxes
title Destination-based business cash flow taxes
title_full Destination-based business cash flow taxes
title_fullStr Destination-based business cash flow taxes
title_full_unstemmed Destination-based business cash flow taxes
title_short Destination-based business cash flow taxes
title_sort destination based business cash flow taxes
topic public finance
taxes
fiscal policies
value added tax
consumer prices
foreign investment
url https://hdl.handle.net/10568/146744
work_keys_str_mv AT martinwill destinationbasedbusinesscashflowtaxes