Pierce O’Reilly
@pierceoreilly.bsky.social
Economist. Irish. Head of the Business and International Taxes Unit, Tax Policy Division, OECD. Views own, etc. Reposts are bookmarks
This is an important point re the CIT & inequality. Our recent work highlights that the decline in CIT has incentivised incorporation in the OECD. The revenue costs of CIT cuts aren't seen just in CIT, but in PIT as well. One of the reasons why CIT revenues remain bouyant in spite of rate cuts.
August 26, 2025 at 10:05 PM
This is an important point re the CIT & inequality. Our recent work highlights that the decline in CIT has incentivised incorporation in the OECD. The revenue costs of CIT cuts aren't seen just in CIT, but in PIT as well. One of the reasons why CIT revenues remain bouyant in spite of rate cuts.
What do we find? Functions such as holding or the provision of internal group finance are negatively associated with CIT, some significantly more strongly than standard estimates of investment elasticity. Conversely, more routine functions such as manufacturing and sales are less influenced. 6/
January 13, 2025 at 1:30 PM
What do we find? Functions such as holding or the provision of internal group finance are negatively associated with CIT, some significantly more strongly than standard estimates of investment elasticity. Conversely, more routine functions such as manufacturing and sales are less influenced. 6/
Continuing the not-so-subtle plug, there is also stablisation of headline CIT rates and of rates under IP regimes.
October 2, 2024 at 1:36 PM
Continuing the not-so-subtle plug, there is also stablisation of headline CIT rates and of rates under IP regimes.
Some similar figures in corporate tax statistics we published during the summer. Three different sets of downward lines for investment hubs. As you say, too early to say for sure, but it could turn into a trend.
October 2, 2024 at 1:34 PM
Some similar figures in corporate tax statistics we published during the summer. Three different sets of downward lines for investment hubs. As you say, too early to say for sure, but it could turn into a trend.