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The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs. We argue that the heart of...
Persistent link: https://www.econbiz.de/10005419509
The analysis provides a new explanation for two widespread problems concerning European unemployment policy: the Disappointingly small effect of many past reform measures on unemployment, and the political difficulties in implementing more extensive reform programs.
Persistent link: https://www.econbiz.de/10005639330
private loss and taxes away any gain in addition the firm receives a small fraction of the resulting invention' s social value …
Persistent link: https://www.econbiz.de/10010684462
Government subsidized industrial R & D stands for a large and increasing segment of the total R & D conducted. Yet very little is known about the effectiveness of such subsidies. This paper summarizes the empirical literature concerning direct project subsidies, tax credits, and support for...
Persistent link: https://www.econbiz.de/10010684519
this paper, the effects of inflation via taxes on the firm's east of capital are analyzed. The taxes considered are the … corporate income tax and household taxes on dividends and capital gains. The first part of the paper presents the model of a … reasonable assumptions, the real cost of capital will fall as a result of inflation when both profit tax and taxes on dividends …
Persistent link: https://www.econbiz.de/10011019062
Several attempts have been made to determine the tax differential between the corporate and non-corporate sectors of the economy, implied by the present double taxation of corporate source income. A common feature of these studies is the assumption that the retention of corporate profits gives...
Persistent link: https://www.econbiz.de/10011019066
Taxation theory rarely takes entrepreneurship into consideration. We discuss how this omission affects conclusions derived from standard models of capital taxation when applied to entrepreneurial income. Some of the defining features of entrepreneurship often omitted by standard capital taxation...
Persistent link: https://www.econbiz.de/10005082489
Persistent link: https://www.econbiz.de/10005780370
Persistent link: https://www.econbiz.de/10005780387
Several recent articles claim that pre-tax income equlity promotes growth. Equality is argued to dampen demand for redistributive economic policies that tax returns to growth-enhancing activities such as investment. These results rest heavly on the assumption that pre-tax income equality is an...
Persistent link: https://www.econbiz.de/10005486495