{"id":50895,"date":"2023-12-01T17:31:08","date_gmt":"2023-12-01T16:31:08","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/the-elasticity-of-corporate-taxable-income-new-evidence-from-uk-tax-records\/"},"modified":"2025-10-22T22:13:43","modified_gmt":"2025-10-22T20:13:43","slug":"the-elasticity-of-corporate-taxable-income-new-evidence-from-uk-tax-records","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/50895\/","title":{"rendered":"The Elasticity of Corporate Taxable Income: New Evidence from UK Tax Records"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-50895","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"We estimate the elasticity of corporate taxable income with respect to the statutory corporation tax rate using the population of UK corporation tax returns. We analyse bunching in the distribution of taxable income at kinks in the marginal rate schedule. We decompose this elasticity into an elasticity of total income with respect to the corporation tax rate, and an elasticity of the share of income taken as profit with respect to the difference between the personal and corporate tax rates. This implies a marginal deadweight cost at the 10,000 \u00a3 kink of around 29 percent of tax revenue.","onlinedate":"2014-01-01 01:00:00","lang":"English","publication_series":"","publication_date":"20140101","publication_date_year":"2014","publication_date_full":false,"publication_num_pages":"","keywords":"[\"Corporate Taxation\",\"Elasticity\"]","jelcodes":"[\"G32\",\"H24\",\"H25\",\"L25\"]","related_publications":"[]","pdf":null,"zip":null,"link":"https:\/\/econpapers.repec.org\/article\/aeaaejpol\/v_3a6_3ay_3a2014_3ai_3a2_3ap_3a19-53.htm","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"6","monthly_report_pages":"19-53","monthly_report_pages_sort":"19","issue":"2","journal":"American Economic Journal: Economic Policy","publisher":"","invisible":false,"external":true,"embargo_date":null,"types":[83083],"research_groups":[3500],"collaboration":"","persons":[11967,11971,3859],"persons_data":"[{\"personId\":11967,\"personName\":\"Michael P. Devereux\",\"organisationNames\":[]},{\"personId\":11971,\"personName\":\"Li Liu\",\"organisationNames\":[]},{\"personId\":3859,\"personName\":\"Simon Loretz\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The Elasticity of Corporate Taxable Income: New Evidence from UK Tax Records - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/50895\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Elasticity of Corporate Taxable Income: New Evidence from UK Tax Records\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/50895\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-22T20:13:43+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/50895\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/50895\\\/\",\"name\":\"The Elasticity of Corporate Taxable Income: New Evidence from UK Tax Records - 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