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Volume 13
Issue 2
Online publication date 2013-07-16
Title Effective tax burden on investment at corporate level in Macedonia
Author Ilija Gruevski, Stevan Gaber, Vasilka Gaber
Abstract This article presents the estimates of effective tax rates on investment at corporate level in Republic of Macedonia in the period from 2006 to 2012. In addition to accomplishing this research, 3 basic and most commonly applied indicators of the corporate income tax (CIT) burden will be used. They are the cost of capital, the effective marginal tax rate (EMTR) and the effective average tax rate (EATR), according to the Devereux-Griffith methodology. The results of the analysis will clearly show that the implemented domestic tax policy reform have transformed this country into one of the most, if not the most tax favorable country for investment in Europe.
Devereux, M., Griffith, R., Klemm, A., 2002. “Corporate income tax reforms and international tax competition,” Economic Policy publications, Vol.17 (35), pp.449-95

Devereux, M., Griffith, R., 1999. The taxation of discrete investment choices, The institute of fiscal studies, Working Paper Series W98/16, Warwick University
Devereux, M., Griffith, R., 2003. “Evaluating tax policy for location decisions,” International Tax and Public Finance, Vol.10(2), pp.107-26

Rose, M., Wiswesser, R., 1998. “Tax reform in transition economies: Experiences from Croatian tax reform process in the 1990s,” in: Sørensen, P., (ed.) Public finance in a changing world, London, Houndsmills: Macmillan

The Centre for European Economic Research - Zentrum für Europäische Wirtschaftsforschung (ZEW), 2012
Keywords Corporate income tax, cost of capital, effective marginal tax rates, effective average tax rates, Republic of Macedonia
Pages 19-31
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