An Analysis of the Corporate Income Tax Policy of Less Developed Countries
分析了欠发达国家企业所得税政策，发现尽管税率下降但税收收入上升，且税收与开放度正相关，与个人税率正相关，挑战了标准税收竞争理论。
Abstract Unlike in developed countries, corporate rather than personal tax is the greater source of public finance for less developed countries (LDCs). This paper analyzes the corporate income tax policy for a large panel of LDCs. The analysis shows that although the corporate tax rate has been decreasing, corporate tax revenues have been increasing. Contrary to standard tax competition theory, there is also strong evidence that corporate income taxes are increasing with respect to the LDCs’ openness, as measured by capital mobility. The analysis also shows that the corporate tax rate is increasing with respect to the personal tax rate, as income‐shifting theory predicts.