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
combination of a drop in total factor productivity (TFP) during 1990-92 and of increases in taxes on labor and consumption and …
Persistent link: https://www.econbiz.de/10012465055
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
accounted for by the evolution of taxes in an otherwise standard neoclassical growth model. Although taxes play a crucial role …, we cannot argue that taxes drive all of the movements in hours worked. In particular, the model underpredicts the large …
Persistent link: https://www.econbiz.de/10012455090
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
By preemptive austerity, we mean a policy that increases taxes to deter potential rollover crises. The policy is so … eliminates the danger. Mechanically, high taxes make the safe zone in the model -- the set of sovereign debt levels for which the … reduce the level of debt to a point where, asymptotically, high taxes are no longer necessary …
Persistent link: https://www.econbiz.de/10014436959