• Search Research Projects
  • Search Researchers
  • How to Use
  1. Back to previous page

Dynamic General Equilibrium Analysis of the incidence of corporate income tax

Research Project

Project/Area Number 19730224
Research Category

Grant-in-Aid for Young Scientists (B)

Allocation TypeSingle-year Grants
Research Field Public finance/Monetary economics
Research InstitutionKeio University

Principal Investigator

DOI Takero  Keio University, 経済学部, 教授 (60302783)

Project Period (FY) 2007 – 2009
Project Status Completed (Fiscal Year 2009)
Budget Amount *help
¥3,700,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥600,000)
Fiscal Year 2009: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2008: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2007: ¥1,100,000 (Direct Cost: ¥1,100,000)
Keywords法人税 / 税制改革 / 動学的一般均衡理論 / シミュレーション分析 / 企業金融
Research Abstract

Incidence of corporate income tax is an old and new problem in public economics. In Japan, under discussion on the tax reform, raising consumption tax (VAT) will be needed and the burden of corporate income tax is heavier than other countries. Against the argument, there is an objection that the policy package of consumption tax increase and corporate income tax cut is politically unacceptable. In the background, it is intuitively thought that consumption tax is mainly beard by consumers and corporate income tax is mainly beard by corporations. Such asserters ignore the previous studies of the shifting and incidence of corporate income tax.
In such present situation, it is necessary to examine analysis of the incidence of corporate income tax to discuss the hereafter tax reform, especially consumption tax increase and corporate income tax reduction. In this research, we build a theoretical model to investigate tax incidence, and implement numerical analysis.
Static analysis of incidence … More of tax started from the pioneering study by Harberger in 1962 had been developed into dynamic analysis to consider the intertemporal resource allocation. On the other hand, about the analyses of the tax reform in Japan, the simulation analyses prospered in the late 1980s when consumption tax (VAT) was not be introduced, and some analysis were done in the mid 1990s when the tax system was revised. But such analyses are scarcely made in recent years. In addition, the previous simulation analyses of tax reform mainly focus on the loss and gain of each agent with tax reform. These analyses do not prove the incidence of the burden of corporate income tax clearly.
Recently, in the US, several scholars implement numerical analyses of the incidence of corporate income tax. However, they employ a static model without corporate finance. Unfortunately, there is no empirical study on it in Japan over a few decades.
In this research, while considering the tide of this precedent study, we focus on the incidence of the burden of corporate income tax and analyze it on the basis of Japanese tax system and macroeconomic data. Especially, it is necessary to consider in the dynamic macroeconomic model that can analyze it to explain the intertemporal incidence. By building dynamic macroeconomic model, it is able to analyze not only the instantaneous incidence of corporate income tax but also consider the intertemporal incidence.
In the short run (for one year), a percentage of the incidence on labor income is about 50-80%, and a percentage of the incidence on capital income is about 20-50%. In the long run, about 95% of the incidence is on labor income. Almost all of the incidence is shifted to labor income, but not all of the incidence is. Less

Report

(4 results)
  • 2009 Annual Research Report   Final Research Report ( PDF )
  • 2008 Annual Research Report
  • 2007 Annual Research Report
  • Research Products

    (9 results)

All 2010 2009 2007 Other

All Journal Article (3 results) (of which Peer Reviewed: 2 results) Presentation (2 results) Book (3 results) Remarks (1 results)

  • [Journal Article] 財政出動の宴の後に~財政・税制改革~2009

    • Author(s)
      土居丈朗
    • Journal Title

      『日本経済の活性化』(伊藤隆敏・八代尚宏編)

      Pages: 153-189

    • Related Report
      2009 Annual Research Report 2009 Final Research Report
  • [Journal Article] Sustainability, Debt Management, and Public Debt Policy in Japan2007

    • Author(s)
      Takero Doi
    • Journal Title

      East Asia Seminar on Economics vol.16

      Pages: 377-412

    • Related Report
      2009 Final Research Report
    • Peer Reviewed
  • [Journal Article] Sustainability, Debt Management, and Public Debt Policy in Japan2007

    • Author(s)
      Doi, Takero
    • Journal Title

      East Asia Seminar on Economics 16

      Pages: 377-412

    • Related Report
      2007 Annual Research Report
    • Peer Reviewed
  • [Presentation] ynamic Analysis on Incidence of Corporate Income Tax2010

    • Author(s)
      Takero Doi
    • Organizer
      6th Irvine-Japan Conference on Public Policy
    • Place of Presentation
      University of California, Irvine.
    • Year and Date
      2010-02-12
    • Related Report
      2009 Final Research Report
  • [Presentation] Dynamic Analysis on Incidence of Corporate Income Tax2010

    • Author(s)
      Takero Doi
    • Organizer
      6th Irvine-Japan Conference on Public Policy
    • Place of Presentation
      University of California, Irvine
    • Year and Date
      2010-02-12
    • Related Report
      2009 Annual Research Report
  • [Book] 日本の税をどう見直すか2010

    • Author(s)
      土居丈朗編著
    • Total Pages
      240
    • Publisher
      日本経済新聞出版社
    • Related Report
      2009 Final Research Report
  • [Book] The Public Sector in Japan2009

    • Author(s)
      Takero Doi, Toshihiro Ihori
    • Total Pages
      320
    • Publisher
      Edward Elgar Publishing
    • Related Report
      2009 Final Research Report
  • [Book] The Public Sector in Japan2009

    • Author(s)
      Takero Doi and Toshihiro Ihori
    • Total Pages
      320
    • Publisher
      Edward Elgar Publishing
    • Related Report
      2008 Annual Research Report
  • [Remarks]

    • URL

      http://web.econ.keio.ac.jp/staff/tdoi/

    • Related Report
      2009 Final Research Report

URL: 

Published: 2007-04-01   Modified: 2016-04-21  

Information User Guide FAQ News Terms of Use Attribution of KAKENHI

Powered by NII kakenhi