2022.9-IMF-超额利润税-历史透视与当代关联-英-37页.pdf

Excess Profit Taxes: Historical Perspective and Contemporary Relevance Shafik Hebous, Dinar Prihardini, and Nate Vernon WP/22/187 IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. 2022 SEP © 2022 International Monetary Fund WP/22/187 IMF Working Paper Fiscal Affairs Department Excess Profit Taxes: Historical Perspective and Contemporary Relevance Prepared by Shafik Hebous, Dinar Prihardini, and Nate Vernon* Authorized for distribution by Mario Mansour September 2022 IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management. ABSTRACT: This paper discusses the design of excess profits taxes (EPTs) that gained renewed interest following the COVID-19 outbreak and the recent surge in energy prices. EPTs can be designed as an efficient tax only falling on economic rent, like an allowance for corporate capital,and drawing some parallels with current proposals for reform ing multinationals’ taxation . EPTs can be permanent or temporary as an add-on to the corporate income tax to support revenue during an adverse shock episode. The latter reflects experiences with EPTs during and after the World Wars. Different from that era, though, profit shifting is now a ch