Francesco Crespi Antonio Di Majo Maria Grazia Pazienza

Corporation Tax Reforms in Italy

Are you already subscribed?
Login to check whether this content is already included on your personal or institutional subscription.

Abstract

The aim of this paper is to describe and discuss the evolution of corporate tax design in Italy. More in detail, an assessment of the Allowance for Corporate Equity mechanism (introduced in 1998, stopped in 2004 and reintroduced in 2011) is performed through a microsimulation model for the period 1998-2008. Results show that the high instability of the corporation tax framework did not succeed in lowering the fiscal burden; on the contrary, it hampered investments and can be considered highly inefficient.

Keywords

  • Corporate Tax
  • Firm Financial Decision
  • Microsimulation. JEL Classification: H250
  • H320
  • H870

Preview

Article first page

What do you think about the recent suggestion?

Trova nel catalogo di Worldcat