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Replication data for: The Elasticity of Corporate Taxable Income: New Evidence from UK Tax Records

Version
V0
Resource Type
Dataset
Creator
  • Devereux, Michael P.
  • Liu, Li
  • Loretz, Simon
Publication Date
2014-01-01
Description
  • Abstract

    We estimate the elasticity of corporate taxable income with respect to the statutory corporation tax rate using the population of UK corporation tax returns. We analyze bunching in the distribution of taxable income at kinks in the marginal rate schedule. We decompose this elasticity into an elasticity of total income with respect to the corporation tax rate, and an elasticity of the share of income taken as profit with respect to the difference between the personal and corporate tax rates. This implies a marginal deadweight cost at the £10,000 kink of around 29 percent of tax revenue.
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/pol.6.2.19 (Text)
Publications
  • Devereux, Michael P., Li Liu, and Simon Loretz. “The Elasticity of Corporate Taxable Income: New Evidence from UK Tax Records.” American Economic Journal: Economic Policy 6, no. 2 (May 2014): 19–53. https://doi.org/10.1257/pol.6.2.19.
    • ID: 10.1257/pol.6.2.19 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Devereux, Michael P.; Liu, Li; Loretz, Simon (2014): Replication data for: The Elasticity of Corporate Taxable Income: New Evidence from UK Tax Records. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E114857