Renouf Publishing Co. Ltd.
embedded image
Renouf
Online Bookstore

ABOUT SSL CERTIFICATES

 
Quick Search
for: 
in 
 
Advanced search
F.A.Q.
Featured books
New in print
Best Sellers
President's picks

Shopping cart/Checkout  [0]
Sign-up for eUpdates
Revenue Implications of Destination-Based Cash-Flow Taxation
by Shafik Hebous, Alexander D. Klemm, and Saila Stausholm

Series:Working Paper No. 19/7
ISBN 9781484392935
Code: #WPIEA2019007

Publication year: 2019

Cdn: $27.00; US: $25.00
Paperback
Language: English
35 pages
Add to cart
We estimate the revenue implications of a Destination Based Cash Flow Tax (DBCFT) for 80 countries. On a global average, DBCFT revenues under unchanged tax rates would remain similar to the existing corporate income tax (CIT) revenue, but with sizable redistribution of revenue across countries. Countries are more likely to gain revenue if they have trade deficits, are not reliant on the resource sector, and/or—perhaps surprisingly—are developing economies. DBCFT revenues tend to be more volatile than CIT revenues. Moreover, we consider the revenue losses resulting from spillovers in case of unilateral implementation of a DBCFT. Results suggest that these spillover effects are sizeable if the adopting country is large and globally integrated. These spillovers generate strong revenue-based incentives for many—but not all—other countries to follow the DBCFT adoption.
Revenue Implications of Destination-Based Cash-Flow Taxation
Cdn: $27.00; US: $25.00
International Monetary Fund (IMF) BookID: 124318 Added: 2019.1.26