The Effect of Corporate Taxes on Investment and Entrepreneurship
基于2004年85个国家的有效公司所得税率数据，研究发现高公司税率显著抑制了总投资、外商直接投资和创业活动，且对制造业投资影响大于服务业。
We present new data on effective corporate income tax rates in 85 countries in 2004. The data come from a survey, conducted jointly with PricewaterhouseCoopers, of all taxes imposed on “the same” standardized mid-size domestic firm. In a cross-section of countries, our estimates of the effective corporate tax rate have a large adverse impact on aggregate investment, FDI, and entrepreneurial activity. Corporate tax rates are correlated with investment in manufacturing but not services, as well as with the size of the informal economy. The results are robust to the inclusion of many controls.