Taxes and the Choice of Organizational Form in Late Nineteenth Century Japan
Bibliographic Data
| ID | 4895421 |
|---|---|
| Authors | Kazuki Onji (0000-0002-0717-2951, Osaka University of Economics), John P Tang (0000-0003-1669-4249, Australian National University) |
| Year | 2017 |
| Volume | 77 |
| Issue | 2 |
| Pages | 440-472 |
| Publication date | 2017-06-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Journal of Economic History (JOURNAL) |
| Journal identifiers | ISSN: 0022-0507 • E-ISSN: 1471-6372 |
| Publisher | Cambridge University Press (CUP) (PUBLISHER) |
| DOI | 10.1017/s002205071700047x |
| OpenAlex | W2626337665 |
| Language | EN |
| Citations received | 3 |
| References cited | 16 |
How do changes to taxation policy affect the organizational choices of firms? Using historical firm data constructed from Japanese corporate genealogies, we examine the short-run impact of introducing a personal income tax (PIT) in 1887 on tax-motivated incorporation. Between 1880 and 1892, we find that the introduction of PIT increased the share of incorporated firms by more than 3 percentage points, indicating firms chose their organizational structure to avoid new taxation. Furthermore, our results suggest that a corporate income tax may have acted as a backstop to maintain revenue collected through PIT
Affect (linguistics) · Business · Chose · Economic growth · Economics · Income tax · Labour economics · Management · Market economy · Monetary economics · Organizational structure · Personal income · Political science · Public economics · Revenue · Sociology · Tax revenue · Accounting · Corporate Finance and Governance · Corporate Taxation and Avoidance · Law · Taxation and Compliance Studies
| Unique citing works | 3 |
|---|---|
| Citations per year | 0,5 |
| Citation span | 2020 - 2023 (4) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |