from optimal tax smoothing. In our model, dependable - but not fully credible - governments have an incentive to tighten … has been accumulated). At this point, they may deviate from tax smoothing in order to avoid being mimicked by weak …

examine three cases in which the tax regime interacted with these factors, reinforcing them. First, we focus on the taxation …This paper investigates the effects of the tax system on the economic factors that triggered the financial crisis. We …, a narrow perspective on the tax treatment, together with specific provisions, may have fostered performance …

We propose a new method to identify the impact of a change in the tax burden on mutual fund inflows, exploiting a … switch from an accrual-based to a realization-based tax regime. We use quasi-experimental data from Italy where, starting … from July 2011, the tax regime for domestic mutual funds was changed from an accruals basis to a realization basis, while …

from optimal tax smoothing. In our model, dependable -but not fully credible- governments have an incentive to tighten the … accumulated). At this point, they may deviate from tax smoothing in order to avoid being mimicked by weak governments. We show …