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The Macro-economic Impact of Changing the Rate of Corporation Tax. ESRI Research Bulletin 2011/2/1

Conefrey, Thomas and FitzGerald, John (2011) The Macro-economic Impact of Changing the Rate of Corporation Tax. ESRI Research Bulletin 2011/2/1. UNSPECIFIED.

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    The size and importance of the market services sector within the Irish economy has increased dramatically since the mid 1990s and the sector now accounts for a significant share of overall exports. The rise in output and employment in market services coincided with the reduction in the corporation tax rate applicable to the sector from 40 per cent in 1994 to 12½ per cent in 2003. This low corporation tax regime was introduced for the manufacturing sector in the late 1950s. However, the exceptional growth in that sector peaked in the 1990s and thus the precise impact of the low tax rate for the manufacturing sector is not obvious. The extension of this low tax regime to the business and financial services sector after 1994 constitutes a natural experiment which allows us to consider the before and after periods and to derive an estimate of the macroeconomic impact of this tax change.

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    Item Type: Other
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > tax policy
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Series: Series > Economic and Social Research Institute (ESRI), Dublin > ESRI Research Bulletin
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 08 Nov 2019 12:06
    Number of Pages: 2
    Last Modified: 08 Nov 2019 12:06

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