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Hines, James R, Jr - 2018

This paper explores the implications of tax rate uncertainty, identifying circumstances in which revenue-neutral tax rate variability increases profitability, economic activity, and the efficiency of resource allocation. Furthermore, with heterogeneous taxpayers, tax rate variability is shown to...

Persistent link: https://www.econbiz.de/10012481036

"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

Does the US Tax Code Favor Automation?

Acemoglu, Daron - 2020

restore the optimal level of automation. If moving to optimal taxes is infeasible, more modest reforms can still increase … workers, reducing employment below its socially optimal level. We additionally show that reducing labor taxes or combining … lower capital taxes with automation taxes can increase employment much more than the uniform reductions in capital taxes …

Persistent link: https://www.econbiz.de/10012482009

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

Institutions, Factor Prices and Taxation : Virtues of Strong States?

Acemoglu, Daron - 2010

Many of the most pernicious economic institutions and policies create entry barriers or manipulate factor prices to transfer resources from entrepreneurs and workers to groups that hold political power. These inefficiencies partly result from the fact that direct and efficient fiscal instruments...

Persistent link: https://www.econbiz.de/10012462959

Political Economy of Ramsey Taxation

Acemoglu, Daron - 2009

We study the dynamic taxation of capital and labor in the Ramsey model under the assumption that taxes and public good … factor of the politician is equal to or greater than that of the citizens, the Chamley-Judd result of zero long-run taxes …

Persistent link: https://www.econbiz.de/10012463348

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