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1 W. Gavin Ekins, Corporate Income Tax Rates and Base Broadening from Income Shifting 1 (2015)

handle is hein.taxfoundation/citrbbis0001 and id is 1 raw text is: TAXS FOUNDATION Corporate Income Tax Rates and Base FISCAL Broadening from Income Shifting FACT Oct. 2015 By W. Gavin Ekins No. 487 Research Economist Key Findings Several studies have raised concerns about multinational corporations shifting income from the U.S., where the corporate income tax rate is relatively high, to lower-tax countries. Some studies have found that corporate profit shifting has reduced corporate tax revenue by as much as 35 percent. However, these same studies suggest that conventional analyses of a corporate income tax rate reduction overstate the tax revenue losses because of income shifting by multinational corporations. Under an aggressive income-shifting model, a 30 percent corporate income tax rate would increase U.S. corporate income by $143 billion and increase overall tax revenue by $8 billion. A 25 percent corporate tax rate would increase U.S. corporate income by $278 billion while maintaining the same tax revenue as the current 35 percent rate. Under a more conservative estimates of income-shifting, a 30 percent corporate income tax rate would increase corporate income by $35 billion, but the overall tax revenue would decrease by $24 billion. The Tax Foundation is a 501(c)(3) non-partisan, non-profit research institution founded in 1937 to educate the public on tax policy. Based in Washington, D.C., our economic and policy analysis is guided by the principles of sound tax policy: simplicity, neutrality, transparency, and stability. @2015 Tax Foundation Distributed under Creative Commons CC-BY NC 4.0 Editor, Melodie Bowler Designer, Dan Carvajal Tax Foundation 1325 G Street, NW, Suite 950 Washington, DC 20005 202.464.6200 taxfoundation.org

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