02300cas a2200313 a 4500 AALejournalIMF021356 230101c9999 xx r poo 0 0eng d 18.00 USD 9781513561073 1018-5941 BD-DhAAL BD-DhAAL Aslam, Aqib. A Firm Lower Bound : Characteristics and Impact of Corporate Minimum Taxation / Aqib Aslam, Maria Coelho. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (50 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 This paper examines the role of minimum taxes and attempts to quantify their impact on economic activity. Minimum taxes can be effective at shoring up the corporate tax base and enhancing the perceived equity of the tax system, potentially motivating broader taxpayer compliance. Where political and administrative constraints prevent reforms to the standard corporate income tax, a minimum tax can help mitigate base erosion from excessive tax incentives and avoidance. Using a new panel dataset that catalogues changes in minimum tax regimes over time around the world, firm-level analysis suggests that the introduction or reform of a minimum tax is associated with an increase in the average effective tax rate of just over 1.5 percentage points with respect to turnover and of around 10 percent with respect to operating income. Minimum taxes based on modified corporate income lead to the largest increases in effective tax rates, followed by those based on assets and turnover. Mode of access: Internet Business Taxes and Subsidies imf Foreign Exchange imf Informal Economy imf Taxation, Subsidies, and Revenue imf Underground Econom imf Coelho, Maria. IMF Working Papers; Working Paper ; No. 2021/161 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/161/001.2021.issue-161-en.xml IMF e-Library