This article examines the key features of the corporate tax reforms introduced in Italy from 1998 to 2012 and analyses their impact on firms’ tax burden. To this end the author calculates firm-specific average and marginal tax rates for a panel of firms of the manufacturing sector. Results show that the tax reforms generally reduced the firms’ tax burden, though with different effects as to neutrality of the corporate tax system over company financing choices.
Keywords: Corporate tax reforms, ACE systems, firm-specific effective tax rates, Italy
Jel Code: H25, H32