Changes in marginal tax rates over the past three decades in the United States

Chen, X; Lu, M; Shan, Y

Changes in marginal tax rates over the past three decades in the United States

Chen, X Lu, M Shan, Y

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Publisher:: Wiley
Publication Type:: Journal Article
Citation:: Accounting and Finance, 2021, 61, (S1), pp. 2601-2624
Issue Date:: 2021-01-01

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Field	Value	Language
dc.contributor.author	Chen, X
dc.contributor.author	Lu, M
dc.contributor.author	Shan, Y https://orcid.org/0000-0003-2156-8722
dc.date.accessioned	2021-12-12T07:23:58Z
dc.date.available	2021-12-12T07:23:58Z
dc.date.issued	2021-01-01
dc.identifier.citation	Accounting and Finance, 2021, 61, (S1), pp. 2601-2624
dc.identifier.issn	0810-5391
dc.identifier.issn	1467-629X
dc.identifier.uri	http://hdl.handle.net/10453/152241
dc.description.abstract	This paper investigates changes in corporate marginal tax rates (MTRs) in the United States over the past three decades. Similar to effective tax rate, MTR exhibits a significant but much more modest decline over time, even after accounting for tax-related firm characteristics and industry variations. In contrast to Dyreng et al., we find that MTR declines more rapidly for purely domestic firms than for multinationals. Our findings highlight the puzzling evidence in Dyreng et al. and call for future research to study possible drivers that explain the sustained and differential decline in corporate tax rate over time between domestic and multinational firms.
dc.language	English
dc.publisher	Wiley
dc.relation	http://purl.org/au-research/grants/arc/DP180100388
dc.relation.ispartof	Accounting and Finance
dc.relation.isbasedon	10.1111/acfi.12636
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	1402 Applied Economics, 1501 Accounting, Auditing and Accountability, 1502 Banking, Finance and Investment
dc.subject.classification	Accounting
dc.title	Changes in marginal tax rates over the past three decades in the United States
dc.type	Journal Article
utslib.citation.volume	61
utslib.for	1402 Applied Economics
utslib.for	1501 Accounting, Auditing and Accountability
utslib.for	1502 Banking, Finance and Investment
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Accounting Discipline
utslib.copyright.status	closed_access	*
pubs.consider-herdc	false
dc.date.updated	2021-12-12T07:23:57Z
pubs.issue	S1
pubs.publication-status	Published
pubs.volume	61
utslib.citation.issue	S1

Abstract:

This paper investigates changes in corporate marginal tax rates (MTRs) in the United States over the past three decades. Similar to effective tax rate, MTR exhibits a significant but much more modest decline over time, even after accounting for tax-related firm characteristics and industry variations. In contrast to Dyreng et al., we find that MTR declines more rapidly for purely domestic firms than for multinationals. Our findings highlight the puzzling evidence in Dyreng et al. and call for future research to study possible drivers that explain the sustained and differential decline in corporate tax rate over time between domestic and multinational firms.

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http://hdl.handle.net/10453/152241