Showing 1 - 9 of 9
Higher corporate taxes reduce corporate business operations, replacing them with operations by noncorporate businesses … higher corporate taxes can increase income inequality even when the corporate tax burden falls entirely on capital owned …
Persistent link: https://www.econbiz.de/10012482159
Recent data present a puzzle: the ratio of corporate tax losses to positive income was much higher around 2001 than in earlier recessions. Using a comprehensive 1982-2005 sample of U.S. corporation tax returns, we explore a variety of potential explanations for this surge in tax losses, taking...
Persistent link: https://www.econbiz.de/10012464242
countries with whom Japan has agreements are entitled to claim foreign tax credits for income taxes that they would have paid to …
Persistent link: https://www.econbiz.de/10012472085
This paper examines the investment effects of tax subsidies for which some assets and not others are eligible. Distortionary tax subsidies encourage firms to concentrate investments in tax-favored assets profitability of investment and reducing payoffs to bondholders in the event of default....
Persistent link: https://www.econbiz.de/10012472196
choices. While taxes appear to influence a wide range of activity, the literature does not offer many subtle tests designed to …
Persistent link: https://www.econbiz.de/10012473259
This paper examines the impact of the 1986 change in U.S. interest allocation rules on the investment and financing decisions of American multinationals. The 1986 change reduced the tax deductibility of the interest expenses of firms with excess foreign tax credits. The resulting increase in the...
Persistent link: https://www.econbiz.de/10012473980
One of the important changes of the 1986 tax reform for U.S. multinationals is related to the allocation of interest expense. Prior to 1986, U.S. companies allocated domestic interest expense to the income of foreign affiliates on a non-consolidated basis according to the distribution of gross...
Persistent link: https://www.econbiz.de/10012474216
U.S. corporations owe taxes to the U.S. Treasury on income earned both inside and outside American borders. This paper … examines the incentives created by the U.S. tax system for the legal avoidance of taxes on foreign source income. Using data …
Persistent link: https://www.econbiz.de/10012475059
Deferral of U.S. taxes on foreign source income is commonly characterized as a subsidy to foreign investment, as …
Persistent link: https://www.econbiz.de/10012461455