Showing 1 - 5 of 5
This paper studies the coevolution of the fall in the US corporate sector labor share and the rise of business activity in tax-preferred, pass-through form. Reallocating activity to the form it would have taken prior to the Tax Reform Act of 1986 accounts for one third of the decline in the...
Persistent link: https://www.econbiz.de/10012660078
This paper uses an event study approach to estimate the effect of capital gains taxation on realizations at the state level, and then develops a framework for determining revenue-maximizing rates at the federal level. We find that the elasticity of revenues with respect to the tax rate over a...
Persistent link: https://www.econbiz.de/10012481253
We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...
Persistent link: https://www.econbiz.de/10014512034
This paper catalogues policies that have been deployed by jurisdictions seeking to mitigate the effects of tax competition. There are many instruments in this policy arsenal, since the tax base associated with a particular tax instrument may be affected by multiple policy choices, including some...
Persistent link: https://www.econbiz.de/10014468289
This paper estimates the incidence of state corporate taxes using new data and methods for estimating the effects on … business taxes on the labor demand of incumbent firms and local productivity to identify profit effects. We estimate these …
Persistent link: https://www.econbiz.de/10014287307