Businesses which seek the location that offers the highest profitability are likely to consider tax incentives and the … vulnerable to future tax increases or denial of government services. Fear of time inconsistency will lower expected business … tax abatement scheme which provides a subsidy (funded by a capital income tax) equivalent to moving/setup costs …

This background paper describes five different tools that can be used for the assessment of tax incentives by … framework for assessment. Evaluations of the various costs and benefits of tax incentives are vital for informed decision making … next three tools (tax expenditure assessment, corporate micro simulation models, and effective tax rate models) can be used …

One difficulty confronting Harberger’s celebrated model of the corporate income tax is how to treat the noncorporate …-good model with corporate and noncorporate production of both goods. The incidence of the corporate tax in our Mutual Production …

Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions …. 'Debt bias' (tax provisions favoring finance by debt rather than equity) has increased leverage in both the household and … corporate equity has generally proved effective. The paper concludes that debt bias should feature prominently in countries' tax …

large an effect on employment as untargeted reductions for equal initial budgetary cost, while employee social security tax … various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment …

This paper examines the methodological issues arising in the measurement of the distributional impact of tax and …

, perhaps because individual creditors have incentives not to agree to such changes. In this paper we show that a simple tax …