Using the German census of the manufacturing industry, I analyze the effect of electricity tax exemptions on firm-level markups. To estimate causal effects, I leverage a reform of the rules that determine firms’ eligibility for tax exemption under the ”renewable energy sources act” (EEG)...

Donations to charity are widely encouraged by policymakers through targeted tax incentives such as tax credits for contributions only to qualifying causes. We use a framed field experiment to test how the largest such program, Arizona’s state income tax credit for donations to qualifying...

In this report, Wang examines the different ways the automatic child tax credit is being used by various categories of taxpayers, and she explains why the payments have become a penalty for some middle-income taxpayers

Tax incentives are chief among the levers that government officials can pull to implement place-based economic development strategies. Tax incentives are so appealing because they have incredibly attractive political features. For one, tax incentives, such as those to retain or create new jobs,...

Although the antecedents to modern-day taxation systems are embedded in the annals of western civilization, tax exemption for churches and charitable organizations, on the other hand, have a long history that dates back to the ancient Egyptian, Persian and Babylonian civilizations. Priests and...

The Supreme Court held, in Bob Jones University v. United States, that violations of fundamental public policy—including race discrimination in education—disqualify an entity for tax exemption. The holding of the case was broad, and its results cohered with the ideals of progressive society:...

The purpose of the article is to check the impact of Net Operating Loss Policies (NOL) for firms. Net Operating Loss Policies (NOL) are a central fiscal tool because they enable firms to be taxed on their average profitability over time. A complete NOL policy has 4 dimensions: a NOL carryforward...