Size-based corporate tax incentives: the way up or a lock-up

Silva, Nuno Alexandre Barradas

http://hdl.handle.net/10362/142259

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Autores

Silva, Nuno Alexandre Barradas

Orientador(es)

Gouveia, Ana Fontoura

Resumo(s)

Preferential tax schemes for Small and Medium-Sized Enterprises (SMEs) constitute a policyinstrument present in multiple OECD nations, aiming to foster the expansion of firms, which takes special relevance in Portugal, where these struggle to grow and SMEs dominate. Nevertheless, these incentives are found, by some authors, to hampering it, since SMEs seek to keep eligible for them. Consequently, this work project assesses how such tax incentives influence Portuguese firms’ ability to grow. In sum, the effect of an increase in the mon the Portuguese official firm-size variables reveals heterogeneous(positive on net turnover, negative on number of employees).

Palavras-chave

Public finance Economics of taxation Size-based corporate income tax incentive Effective marginal tax rate Tax threshold Firm growth Lock-in effect Notch problem Small and medium-sized enterprise Economic distortion