Revista de Economía Institucional
Print version ISSN 0124-5996
GRAVELLE, Jennifer C.. CORPORATE TAX INCIDENCE: REVIEW OF GENERAL EQUILIBRIUM ESTIMATES AND ANALYSIS. Rev.econ.inst. [online]. 2011, vol.13, n.24, pp. 153-191. ISSN 0124-5996.
This paper reviews the current evidence on the incidence of the corporate tax from Harberger-type general equilibrium models, with special attention to the open economy. The analysis identifies the major drivers of the results from open-economy models and compares estimates from four major studies that have examined corporate tax incidence in an open economy. Adjusting estimates from the studies to reflect central empirical estimates of key elasticities suggests that capital bears the majority of the corporate tax burden. The paper also presents an alternative method, based on the new view of property tax incidence, for allocating the corporate tax burden that distinguishes between the global effects of corporate taxes and excise effects that vary among nations.
Keywords : incidencia del impuesto de renta a las sociedades anónimas; modelos de equilibrio general; economía abierta; corporate tax incidence; general equilibrium models; open economy.