caa a22 4500 605455015 CHVBK 20210128100210.0 cr unu---uuuuu 210128e20150901xx s 000 0 eng 10.1007/s10602-014-9185-8 doi (NATIONALLICENCE)springer-10.1007/s10602-014-9185-8 The importance of the political process on corporate tax policy [Elektronische Daten] [Åsa Hansson, Susan Porter, Susan Williams] Few would argue that the difficulty in making legislative changes influences policy decisions and often results in less timely and responsive legislation. Despite this, economic research on corporate tax policy often excludes consideration of the political process. This study examines the impact of the political and economic factors on several measures of corporate tax rates and tax incentives offered across 19 developed countries. Our results indicate that while economic conditions influence the rate of tax set by governments, the political process of the federal government also has a significant impact on the economic stimulus given. The impact of the political process on the ability to enact legislation is significant after controlling for economic factors indicating that in a global economy, it will become increasingly important for governments to find opportunities to work within their systems to enact legislation that attracts foreign direct investment and increases domestic growth. Springer Science+Business Media New York, 2015 Tax rates nationallicence Tax competition nationallicence Institutional constraints nationallicence Political fractionalization nationallicence Hansson Åsa Research Institute of Industrial Economics (IFN), Stockholm, Sweden aut Porter Susan McIntire School of Commerce, University of Virginia, Charlottesville, VA, USA aut Williams Susan McIntire School of Commerce, University of Virginia, Charlottesville, VA, USA aut Constitutional Political Economy Springer US; http://www.springer-ny.com 26/3(2015-09-01), 281-306 1043-4062 26:3<281 2015 26 10602 https://doi.org/10.1007/s10602-014-9185-8 text/html Onlinezugriff via DOI BK010053 XK010053 XK010000 Metadata rights reserved Springer special CC-BY-NC licence nationallicence 1 research-article jats NATIONALLICENCE NATIONALLICENCE NL-springer NATIONALLICENCE 856 40 https://doi.org/10.1007/s10602-014-9185-8 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Hansson Åsa Research Institute of Industrial Economics (IFN), Stockholm, Sweden aut NATIONALLICENCE 700 1- Porter Susan McIntire School of Commerce, University of Virginia, Charlottesville, VA, USA aut NATIONALLICENCE 700 1- Williams Susan McIntire School of Commerce, University of Virginia, Charlottesville, VA, USA aut NATIONALLICENCE 773 0- Constitutional Political Economy Springer US; http://www.springer-ny.com 26/3(2015-09-01), 281-306 1043-4062 26:3<281 2015 26 10602