THE CORPORATE INCOME TAX RATE MAXIMIZING TAX REVENUES AND MARKET OUTPUT: EMPIRICAL EVIDENCE FROM THE UNITED KINGDOM, THE UNITED STATES, AND TÜRKİYE

Ali Balkı

Makale detayları

THE CORPORATE INCOME TAX RATE MAXIMIZING TAX REVENUES AND MARKET OUTPUT: EMPIRICAL EVIDENCE FROM THE UNITED KINGDOM, THE UNITED STATES, AND TÜRKİYE

Yazarlar:

Ali Balkı

Yayıncı:

Zonguldak Bulent Ecevit University

Ana Başlıklar:

Zaman Serileri Analizi | Maliye Politikası

Dergi:

Uluslararası Yönetim İktisat ve İşletme Dergisi Vol.21 Issue 3, pp.1000-1016

Belge Tipi:

Makale

Yayın Tarihi:

9/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001359402

pISSN:

2147-9208

Anahtar kelimeler:

Özet:

 This study estimates the corporate income tax rate that maximizes tax revenues and market output for the United Kingdom, the United States, and Türkiye using annual data from 1986-2021. The analysis conducted through the Augmented ARDL method shows a parabolic relationship between tax revenues and the corporate income tax rate in all three countries. There is a parabolic relationship between market output and the corporate income tax rate only in the United Kingdom. The optimal corporate income tax rate that maximizes market output in the United Kingdom is 22, while the optimal corporate income tax rate for tax revenues is 32. The optimal corporate income tax rate that maximizes tax revenues in the United States is 43, while the optimal corporate income tax rate for tax revenues in Türkiye is 25. Since the current corporate income tax rate in the United Kingdom is 25, the government can increase this rate to increase tax revenues. The current corporate income tax rate in the United States 21 is well below the optimal rate. The government has a wide maneuverable area to increase tax revenues. Türkiyes current corporate income tax rate 25 equals the optimal rate. This situation shows that Türkiye attaches more importance to tax revenues than the other two countries.

 This study estimates the corporate income tax rate that maximizes tax revenues and market output for the United Kingdom, the United States, and Türkiye using annual data from 1986-2021. The analysis conducted through the Augmented ARDL method shows a parabolic relationship between tax revenues and the corporate income tax rate in all three countries. There is a parabolic relationship between market output and the corporate income tax rate only in the United Kingdom. The optimal corporate income tax rate that maximizes market output in the United Kingdom is 22, while the optimal corporate income tax rate for tax revenues is 32. The optimal corporate income tax rate that maximizes tax revenues in the United States is 43, while the optimal corporate income tax rate for tax revenues in Türkiye is 25. Since the current corporate income tax rate in the United Kingdom is 25, the government can increase this rate to increase tax revenues. The current corporate income tax rate in the United States 21 is well below the optimal rate. The government has a wide maneuverable area to increase tax revenues. Türkiyes current corporate income tax rate 25 equals the optimal rate. This situation shows that Türkiye attaches more importance to tax revenues than the other two countries.

 This study estimates the corporate income tax rate that maximizes tax revenues and market output for the United Kingdom, the United States, and Türkiye using annual data from 1986-2021. The analysis conducted through the Augmented ARDL method shows a parabolic relationship between tax revenues and the corporate income tax rate in all three countries. There is a parabolic relationship between market output and the corporate income tax rate only in the United Kingdom. The optimal corporate income tax rate that maximizes market output in the United Kingdom is 22, while the optimal corporate income tax rate for tax revenues is 32. The optimal corporate income tax rate that maximizes tax revenues in the United States is 43, while the optimal corporate income tax rate for tax revenues in Türkiye is 25. Since the current corporate income tax rate in the United Kingdom is 25, the government can increase this rate to increase tax revenues. The current corporate income tax rate in the United States 21 is well below the optimal rate. The government has a wide maneuverable area to increase tax revenues. Türkiyes current corporate income tax rate 25 equals the optimal rate. This situation shows that Türkiye attaches more importance to tax revenues than the other two countries.

 Bu çalışma, 1986-2021 dönemine ait yıllık verileri kullanarak vergi gelirlerini ve piyasa üretimini maksimize eden kurumlar vergisi oranını Birleşik Krallık, Amerika Birleşik Devletleri ve Türkiye için tahmin etmektedir. Genişletilmiş ARDL yöntemi aracılığıyla yapılan analizde, üç ülkede de vergi gelirleri ile kurumlar vergisi oranı arasında parabolik bir ilişki vardır. Piyasa üretimi ile kurumlar vergisi oranı arasında ise sadece Birleşik Krallıkta parabolik ilişki vardır. Birleşik Krallıkta piyasa üretimini maksimize eden optimal kurumlar vergisi oranı 22, vergi gelirlerinde ise optimal kurumlar vergisi oranı 32dir. Amerika Birleşik Devletlerinde vergi gelirlerini maksimize eden optimal kurumlar vergisi oranı 43, Türkiyede ise vergi gelirleri için optimal kurumlar vergisi oranı 25tir. Birleşik Krallıkta güncel kurumlar vergisi oranı 25 olduğu için hükümet vergi gelirlerini artırmak amacıyla bu oranı artırabilir. Amerika Birleşik Devletlerinde güncel kurumlar vergisi oranı 21 optimal oranın oldukça altındadır. Hükümetin vergi gelirlerini artırmak için geniş bir manevra alanı bulunmaktadır. Türkiyede ise güncel kurumlar vergisi oranı 25, optimal orana eşittir. Bu durum, Türkiyenin diğer iki ülkeye göre vergi gelirlerine daha fazla önem verdiğini göstermektedir.

Makale detayları

THE CORPORATE INCOME TAX RATE MAXIMIZING TAX REVENUES AND MARKET OUTPUT: EMPIRICAL EVIDENCE FROM THE UNITED KINGDOM, THE UNITED STATES, AND TÜRKİYE

Yazarlar:

Ali Balkı

Yayıncı:

Zonguldak Bulent Ecevit University

Ana Başlıklar:

Zaman Serileri Analizi | Maliye Politikası

Dergi:

Uluslararası Yönetim İktisat ve İşletme Dergisi Vol.21 Issue 3, pp.1000-1016

Belge Tipi:

Makale

Yayın Tarihi:

9/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001359402

pISSN:

2147-9208

Optimal Tax Rate

Corporate Income Tax

Khaldun-Laffer Curve

Tax Revenue

Market Output.Optimal Vergi Oranı

Kurumlar Vergisi

Haldun-Laffer Eğrisi

Vergi Gelirleri

Piyasa Üretimi

Sayı

Makale detayları

Yazarlar: Ali Balkı

Yayıncı: Zonguldak Bulent Ecevit University

Ana Başlıklar: Zaman Serileri Analizi | Maliye Politikası

Dergi: Uluslararası Yönetim İktisat ve İşletme Dergisi Vol.21 Issue 3, pp.1000-1016

Belge Tipi: Makale

Yayın Tarihi: 9/2025

Belge Dili: İngilizce

Document ID (Org No.): 2001359402

pISSN: 2147-9208

Sayı

Yazarlar:

Ali Balkı

Yayıncı:

Zonguldak Bulent Ecevit University

Ana Başlıklar:

Zaman Serileri Analizi | Maliye Politikası

Dergi:

Uluslararası Yönetim İktisat ve İşletme Dergisi Vol.21 Issue 3, pp.1000-1016

Belge Tipi:

Makale

Yayın Tarihi:

9/2025

Belge Dili:

İngilizce

Document ID (Org No.):

2001359402

pISSN:

2147-9208