The Impact of Globalization on Corporate Taxation: Evidence from The KOF Globalization Index

Year 2019, , 350 - 369, 31.12.2019

Gamze Öz-yalaman , Deniz Sevinç , Güven Sevil

https://doi.org/10.30784/epfad.632288

Cited By: 1

Abstract

The
increase in globalization has led to the redefinition of the tax policy
perceptions of countries. The increase in globalization has also led to
pressures on governments to revise their taxation policies in order to
compensate for the potential risks that may arise. It is noteworthy that many
countries around the world have reduced corporate tax rates in recent years.
Thus, this paper investigates the role of increasing globalization in this
process of decline. For this, the paper tests whether globalization has a
significant effect on corporate taxation by using a panel of 33 countries over
the period 1998-2016. The paper takes into account three main dimensions of
globalization: economic, trade and politics. Moreover, the paper uses the two
different measurements of globalization: de
facto and de jure. The empirical
results suggest a negative relationship between globalization and corporate
tax. The results are robust in terms of different dimensions and measurements
of globalization. It can be concluded that global integration does matter for
policymakers and increasing integration also influences independent national fiscal
and economic policies of countries.

Keywords

Globalization, Corporate Tax Rate, Panel Data, KOF Globalization Index

Küreselleşmenin Kurumlar Vergilendirmesi Üzerine Etkisi: KOF Küreselleşme Endeksi’nden Bulgular

Abstract

Küreselleşmedeki artış,
ülkelerin vergi politikalarını yeniden tanımlamalarına yol açmaktadır. Ayrıca küreselleşme
ortaya çıkabilecek olası riskleri telafi etme amacıyla hükümetler üzerinde vergi
politikalarını gözden geçirme baskısı da yaratmıştır. Bu kapsamda dünyada
birçok ülkenin son yıllarda kurumlar vergisi oranlarını düşürmüş olması dikkat
çekicidir. Bu nedenle, çalışma, küreselleşme artışının bu düşüş sürecindeki
rolünü araştırmaktadır. Çalışmada, 1998-2016 dönemi için 33 ülkeden oluşan
panel veri seti kullanılarak, küreselleşmenin kurumlar vergisi üzerinde önemli
bir etkisinin olup olmadığı test edilmiştir. Çalışmada küreselleşmenin ekonomi,
ticaret ve politika olmak üzere üç ana boyutu ele alınmıştır. Bunun yanında de facto ve de jure olmak üzere iki farklı ölçüm yöntemi kullanılmıştır.
Ampirik sonuçlar, küreselleşme ile kurumlar vergisi arasında negatif bir ilişki
olduğunu göstermektedir. Sonuçlar, küreselleşmenin farklı boyutları ve
ölçümleri açısından da tutarlıdır. Küresel entegrasyonun politika yapıcılar
için önemli olduğu ve entegrasyonun artmasının ülkelerin bağımsız ulusal mali
ve ekonomik politikalarını da etkilediği sonucuna varılabilir.

Keywords

Küreselleşme, Kurumlar Vergi Oranı, Panel Veri, KOF Küreselleşme Endeksi

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