THE EFFECT OF FOREIGN DIRECT INVESTMENTS ON CORPORATE TAX REVENUES: AN EMPIRICAL ANALYSIS FOR OECD COUNTRIES

Şeref Can Serin; Murat Demir

Makale detayları

THE EFFECT OF FOREIGN DIRECT INVESTMENTS ON CORPORATE TAX REVENUES: AN EMPIRICAL ANALYSIS FOR OECD COUNTRIES

Yazarlar:

Şeref Can Serin | Murat Demir

Yayıncı:

Kafkas University

Ana Başlıklar:

Uluslararası Finans

Dergi:

Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.14 Issue 27, pp.223-248

Belge Tipi:

Makale

Yayın Tarihi:

6/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001292772

pISSN:

1309-4289

Anahtar kelimeler:

Özet:

 Foreign direct investment FDI increased globally in the 1980s, parallel to the increasing liberalization of financial markets, the reduction of exchange rate controls, increased capital mobilization, and accelerated technological developments. FDIs offer versatile macro and micro scale positive effects to the host economies. In this context, FDIs have been the focus of academicians and policymakers for reasons such as filling the domestic savings gap, providing financial stability, achieving economic growth targets, and increasing social welfare, which is needed for developing and developed countries. Therefore, governments tend to build attractive investment zones for FDIs by providing tax cutsadvantages and bureaucratic conveniences in financial legislation. In this study, using system-GMM estimator, the effect of FDIs on corporate tax revenues for 35 OECD member countries in the 2005-2020 period was examined and it was understood that the said effect was limited but negative.

 Foreign direct investment FDI increased globally in the 1980s, parallel to the increasing liberalization of financial markets, the reduction of exchange rate controls, increased capital mobilization, and accelerated technological developments. FDIs offer versatile macro and micro scale positive effects to the host economies. In this context, FDIs have been the focus of academicians and policymakers for reasons such as filling the domestic savings gap, providing financial stability, achieving economic growth targets, and increasing social welfare, which is needed for developing and developed countries. Therefore, governments tend to build attractive investment zones for FDIs by providing tax cutsadvantages and bureaucratic conveniences in financial legislation. In this study, using system-GMM estimator, the effect of FDIs on corporate tax revenues for 35 OECD member countries in the 2005-2020 period was examined and it was understood that the said effect was limited but negative.

 Foreign direct investment FDI increased globally in the 1980s, parallel to the increasing liberalization of financial markets, the reduction of exchange rate controls, increased capital mobilization, and accelerated technological developments. FDIs offer versatile macro and micro scale positive effects to the host economies. In this context, FDIs have been the focus of academicians and policymakers for reasons such as filling the domestic savings gap, providing financial stability, achieving economic growth targets, and increasing social welfare, which is needed for developing and developed countries. Therefore, governments tend to build attractive investment zones for FDIs by providing tax cutsadvantages and bureaucratic conveniences in financial legislation. In this study, using system-GMM estimator, the effect of FDIs on corporate tax revenues for 35 OECD member countries in the 2005-2020 period was examined and it was understood that the said effect was limited but negative.

 Doğrudan yabancı yatırımlar DYY, 1980li yıllarla birlikte finansal piyasaların giderek artan oranda liberalleşmesi, döviz kuru kontrollerinin azaltılması, sermayenin mobilizasyonunun artması ve teknolojik gelişmelere paralel olarak küresel ölçekte artış göstermiştir. DYYler makro ve mikro ölçekli birçok pozitif etki sunmaktadır. Bu kapsamda gelişmiş ülkelerin yanı sıra özellikle gelişmekte olan ülkeler açısından ihtiyaç duyulan tasarruf açığını kapatma, finansal istikrarı sağlama, ekonomik büyüme hedeflerini gerçekleştirme ve sosyal refahı artıma gibi nedenlerle DYYler akademik çevrelerin ve politika yapıcıların ilgi odağı olmuştur. Dolayısıyla hükümetler, DYYler için vergi indirimleriavantajları ve mali mevzuatlarda bürokratik kolaylıklar sağlayarak cazip birer yatırım alanı oluşturma eğilimi sergilemektedirler. Bu yönüyle DYYlerin, vergi gelirleri üzerindeki etkisi ve boyutu önemli bir soru haline gelmektedir. Bu çalışma kapsamında sistem-GMM tahmincisi kullanılarak 2005-2020 döneminde 35 OECD üyesi ülkede DYYlerin kurumlar vergisi üzerindeki etkisi incelenmiş, sonuçta söz konusu ilişkinin sınırlı düzeyde ancak negatif yönde olduğu anlaşılmıştır.

Makale detayları

THE EFFECT OF FOREIGN DIRECT INVESTMENTS ON CORPORATE TAX REVENUES: AN EMPIRICAL ANALYSIS FOR OECD COUNTRIES

Yazarlar:

Şeref Can Serin | Murat Demir

Yayıncı:

Kafkas University

Ana Başlıklar:

Uluslararası Finans

Dergi:

Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.14 Issue 27, pp.223-248

Belge Tipi:

Makale

Yayın Tarihi:

6/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001292772

pISSN:

1309-4289

Foreign Direct Investments

Corporate Tax Revenue

Dynamic Panel Data AnalysisDoğrudan yabancı yatırımlar

kurumlar vergisi gelirleri

dinamik panel veri analizi

Sayı

Makale detayları

THE EFFECT OF FOREIGN DIRECT INVESTMENTS ON CORPORATE TAX REVENUES: AN EMPIRICAL ANALYSIS FOR OECD COUNTRIES

Yazarlar: Şeref Can Serin | Murat Demir

Yayıncı: Kafkas University

Ana Başlıklar: Uluslararası Finans

Dergi: Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.14 Issue 27, pp.223-248

Belge Tipi: Makale

Yayın Tarihi: 6/2023

Belge Dili: İngilizce

Document ID (Org No.): 2001292772

pISSN: 1309-4289

Foreign Direct Investments

Corporate Tax Revenue

Dynamic Panel Data AnalysisDoğrudan yabancı yatırımlar

kurumlar vergisi gelirleri

dinamik panel veri analizi

Sayı

Yazarlar:

Şeref Can Serin | Murat Demir

Yayıncı:

Kafkas University

Ana Başlıklar:

Uluslararası Finans

Dergi:

Kafkas Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.14 Issue 27, pp.223-248

Belge Tipi:

Makale

Yayın Tarihi:

6/2023

Belge Dili:

İngilizce

Document ID (Org No.):

2001292772

pISSN:

1309-4289