Data and Code for "Globalization, Capital Taxation, and Development: Evidence from a Macro- Historical Database"

This paper builds and analyzes a new global macro-historical database of effectivetax rates on capital and labor in 154 countries. We establish a new stylized fact: whileeffective capital tax rates fell in developed countries between 1965 and 2018, they rosein developing countries since 1990. Multiple research designs at the country, sectorand firm-level suggest that trade openness contributed to this rise, by increasing theshare of output produced in corporations and larger firms, where effective capitaltaxation is higher. In contrast to a common view, globalization appears in manycountries to have supported governments’ ability to tax capital