Carton, Benjamin; Fernandez-Corugedo, Emilio; Hunt, … - 2019
replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key channels are at play. The first …This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that … from the tax reform are positive in the long run as other countries' exports benefit from additional investment in the …