INVERSIÓN PRIVADA E IMPUESTOS CORPORATIVOS: EVIDENCIA PARA CHILE

RODRIGO CERDA, FELIPE LARRAÍN
2005 Cuadernos de economía - Latin American Journal of Economics  
Using annual data from Chile since the beginning of the eighties, we show that an increase in the corporate tax reduces firms investment. However the impact differs across firm size. In small and medium sized firms, investment as a fraction of the capital stock declines between 0.5% and 1.6% while on large corporations the impact is much less significant. JEL: H25, H32
doi:10.4067/s0717-68212005012600003 fatcat:dewpo4svafffragjcdyryqxt24