An implicit tax rate for non-financial corporations: Definition and comparison with other tax indicators

Abstract

This paper develops a macroeconomic implicit tax rate for non-financial corporations based on national accounts data. This indicator is compared with a more micro-oriented implicit tax rate based on accounting data collected in the BACH database (Bank for the Accounts of Companies Harmonised) of the European Commission and the all-in top statutory corporate tax rate.European Union, Implicit tax rates, Backward-looking tax indicators, International comparative analysis, Corporate Taxation