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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 …
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countries with whom Japan has agreements are entitled to claim foreign tax credits for income taxes that they would have paid to …
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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....
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choices. While taxes appear to influence a wide range of activity, the literature does not offer many subtle tests designed to …
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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...
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Deferral of U.S. taxes on foreign source income is commonly characterized as a subsidy to foreign investment, as …
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