Coverart for item
The Resource Zero corporate income tax in Moldova : tax competition and its implications for Eastern Europe, prepared by Marcin Piatkowski and Mariusz Jarmuzek

Zero corporate income tax in Moldova : tax competition and its implications for Eastern Europe, prepared by Marcin Piatkowski and Mariusz Jarmuzek

Label
Zero corporate income tax in Moldova : tax competition and its implications for Eastern Europe
Title
Zero corporate income tax in Moldova
Title remainder
tax competition and its implications for Eastern Europe
Statement of responsibility
prepared by Marcin Piatkowski and Mariusz Jarmuzek
Creator
Contributor
Author
Subject
Genre
Language
eng
Summary
Global economic integration intensified tax competition and raised concerns about the resulting "race to the bottom", which could undermine public investment and social spending. The aim of this paper is to test predictions that (i) there is interdependence in CIT rate setting in Eastern Europe and that (ii) the recent CIT cut in Moldova may intensify tax competition in the region. It finds that there is indeed evidence that during 1995-2006 countries in Eastern Europe strategically responded to changes in CIT rates in the region and that Moldovan zero CIT is likely to encourage further cuts in CIT. The paper also discusses implications of tax competition for Eastern Europe and finds that FDI flows will not be much affected, tax revenues are likely to decline, the shift in the composition in tax revenue may increase economic efficiency, but decrease equity. Tax coordination, while difficult politically, could help stem further decline in corporate taxation, but any gains might be modest and not certain to exceed the costs of tax coordination. Without tax coordination, however, it is unclear what exactly could stop corporate taxes from falling further
Member of
Cataloging source
CUS
http://bibfra.me/vocab/lite/collectionName
IMF eLibrary
http://library.link/vocab/creatorName
Piatkowski, Marcin
Illustrations
illustrations
Index
no index present
LC call number
HG3810
Literary form
non fiction
Nature of contents
  • dictionaries
  • bibliography
http://library.link/vocab/relatedWorkOrContributorName
  • Jarmuzek, Mariusz
  • International Monetary Fund
Series statement
IMF Working Paper
Series volume
WP/08/203
http://library.link/vocab/subjectName
  • Corporations
  • Corporations
  • Taxation
  • Taxation
  • Fiscal policy
  • Fiscal policy
  • Moldova
  • Europe, Eastern
  • Corporations
  • Fiscal policy
  • International economic relations
  • Taxation
  • Eastern Europe
  • Moldova
Label
Zero corporate income tax in Moldova : tax competition and its implications for Eastern Europe, prepared by Marcin Piatkowski and Mariusz Jarmuzek
Instantiates
Publication
Copyright
Note
  • At head of title: European Department
  • "August 2008."
Bibliography note
Includes bibliographical references (pages 20-23)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. Do Countries Compete Over Corporate Taxes?; Figures; 1. CIT Rate in the EU-15 and Eastern Europe; III. What Drives Tax Competition?; 2. GDP and CIT Rates in Europe, 2007; IV. Will the Moldovan Zero CIT Intensify Tax Competition in the Region?; Table; 1. Strategic Interaction in CIT Setting in Eastern Europe, 1995-2006; V. Implications for FDI, Economic Efficiency, Equity, and Welfare; 3. Ratio of US FDI to GDP for Four Groups of Countries; 4. World Bank Doing Business, 2008; 5. Eastern Europe: CIT Rate and Revenue; 6. Statutory and Effective CIT Rates in NMS-8
  • 7. NMS-10: Gross Operating Surplus and Mixed Income8. CIT Revenue Maximizing Rate; 9. Eastern Europe: Average CIT and PIT; 10. Tax Revenue by Source in NMS-10 and CIS; VI. Conclusions; References; Appendix I
Control code
466407186
Dimensions
unknown
Extent
1 online resource (31 pages)
Form of item
online
Isbn
9781451915143
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color illustrations
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)466407186
Label
Zero corporate income tax in Moldova : tax competition and its implications for Eastern Europe, prepared by Marcin Piatkowski and Mariusz Jarmuzek
Publication
Copyright
Note
  • At head of title: European Department
  • "August 2008."
Bibliography note
Includes bibliographical references (pages 20-23)
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. Do Countries Compete Over Corporate Taxes?; Figures; 1. CIT Rate in the EU-15 and Eastern Europe; III. What Drives Tax Competition?; 2. GDP and CIT Rates in Europe, 2007; IV. Will the Moldovan Zero CIT Intensify Tax Competition in the Region?; Table; 1. Strategic Interaction in CIT Setting in Eastern Europe, 1995-2006; V. Implications for FDI, Economic Efficiency, Equity, and Welfare; 3. Ratio of US FDI to GDP for Four Groups of Countries; 4. World Bank Doing Business, 2008; 5. Eastern Europe: CIT Rate and Revenue; 6. Statutory and Effective CIT Rates in NMS-8
  • 7. NMS-10: Gross Operating Surplus and Mixed Income8. CIT Revenue Maximizing Rate; 9. Eastern Europe: Average CIT and PIT; 10. Tax Revenue by Source in NMS-10 and CIS; VI. Conclusions; References; Appendix I
Control code
466407186
Dimensions
unknown
Extent
1 online resource (31 pages)
Form of item
online
Isbn
9781451915143
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other physical details
color illustrations
Sound
unknown sound
Specific material designation
remote
System control number
(OCoLC)466407186

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