02015cas a2200265 a 4500 AALejournalIMF018994 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484392935 1018-5941 BD-DhAAL BD-DhAAL Hebous, Shafik. Revenue Implications of Destination-Based Cash-Flow Taxation / Shafik Hebous, Alexander Klemm, Saila Stausholm. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (35 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students We estimate the revenue implications of a Destination Based Cash Flow Tax (DBCFT) for 80 countries. On a global average, DBCFT revenues under unchanged tax rates would remain similar to the existing corporate income tax (CIT) revenue, but with sizable redistribution of revenue across countries. Countries are more likely to gain revenue if they have trade deficits, are not reliant on the resource sector, and/or-perhaps surprisingly-are developing economies. DBCFT revenues tend to be more volatile than CIT revenues. Moreover, we consider the revenue losses resulting from spillovers in case of unilateral implementation of a DBCFT. Results suggest that these spillover effects are sizeable if the adopting country is large and globally integrated. These spillovers generate strong revenue-based incentives for many-but not all-other countries to follow the DBCFT adoption. Mode of access: Internet Klemm, Alexander. Stausholm, Saila. IMF Working Papers; Working Paper ; No. 2019/007 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/007/001.2019.issue-007-en.xml IMF e-Library