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"Tax Sparing" and Direct Investment in Developing Countries

Hines, James R, Jr - 1998

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

Investment Ramifications of Distortionary Tax Subsidies

Hines, James R, Jr - 1998

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

Tax Policy and the Activities of Multinational Corporations

Hines, James R, Jr - 1996

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

Interest Allocation Rules, Financing Patterns, and the Operations of U.S. Multinationals

Froot, Kenneth A. - 1994

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

Corporate Taxation and the Distribution of Income

Hines, James R, Jr - 2020

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

What do we know about the effects of Austerity?

Alesina, Alberto F. - 2018

This paper summarizes the results of a large recent literature on multi year fiscal plans for deficit reduction (austerity). The key results are that deficit reduction policies based upon spending cuts are much less costly in terms of short run output losses than tax based adjustments. On...

Persistent link: https://www.econbiz.de/10012453468

How large are the effects of tax changes?

Favero, Carlo - 2009

We use the time series of shifts in U.S. Federal tax liabilities constructed by Romer and Romer to estimate tax multipliers. Differently from the single-equation approach adopted by Romer and Romer, our estimation strategy (a Var that includes output, government spending and revenues, inflation...

Persistent link: https://www.econbiz.de/10012463347

Tax Policy and the Efficiency of U.S. Direct Investment Abroad

Desai, Mihir A. - 2011

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

Fuel Tax Incidence and Supply Conditions

Marion, Justin - 2011

The incidence of taxes on consumers and producers plays a central role in evaluating energy tax policy, yet the … state gasoline and diesel taxes to retail prices, and importantly we estimate the dependence of pass-through on factors … constrained, and the constraint is plausibly unrelated to shifts in demand, the pass-through rate of fuel taxes declines. We …

Persistent link: https://www.econbiz.de/10012461795

The Output Effect of Fiscal Consolidations

Alesina, Alberto - 2012

The present paper argues that the correct experiment to evaluate the effects of a fiscal adjustment is the simulation of fiscal plans rather than of individual fiscal shocks. The simulation of the fiscal plans adopted by 16 OECD countries over a 30-year period supports the hypothesis that the...

Persistent link: https://www.econbiz.de/10012460328