Using fixed–effects models of state corporate income tax (SCIT) revenues that account for the endogeneity of apportionment formula weights and tax rates, we find that states with a double–weighted sales factor experience lower SCIT revenues than do states with an equally–weighted sales...

Uses firm-level data and firm-specific marginal tax rates (rather than IRS aggregated data and average rates) to explore the role of taxes in influencing corporate charitable behavior. Also examines whether corporate giving is motivated by profit maximization or managers' utility maximization.