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The Effects of Taxes on Innovation : Theory and Empirical Evidence

Stantcheva, Stefanie - National Bureau of Economic Research - 2021

Income taxes are typically set to raise revenues and redistribute income at the lowest possible efficiency costs, which … result from the distortions in individual behaviors that taxes entail. Individuals can respond along many margins, such as … labor supply, tax avoidance and evasion, and geographic mobility. But one margin that taxes may affect -- innovation -- is …

Persistent link: https://www.econbiz.de/10012660037

Tax Policy, Asset Prices, and Growth : A General Equilibrium Analysis

Goulder, Lawrence H. - 1987

This paper presents a multisector general equilibrium model that is capable of providing integrated assessments of the economy's short- and long- run responses to tax policy changes. The model contains an explicit treatment of firm's investment decisions according to which producers exhibit...

Persistent link: https://www.econbiz.de/10012476941

Tax Policy and International Competitiveness

Summers, Lawrence H. - 1986

This paper examines the interactions between tax policy, international capitol mobility, and international competitiveness. It demonstrates that tax policies which stimulate national investment without affecting national savings must inevitably lead to deterioration in a country's trade balance...

Persistent link: https://www.econbiz.de/10012477064

Are Tax Cuts Really Expansionary?

Mankiw, N. Gregory - 1984

In this paper, we re-examine the standard analysis of the short-run effect of a personal tax cut. If consumer spending generates more money demand than other components of GNP, then tax cuts may, by increasing the demand for money, depress aggregate demand. We examine a variety of evidence and...

Persistent link: https://www.econbiz.de/10012477645

Tax Policy, the Rate of Return, and Savings

Summers, Lawrence H. - 1982

The theoretical and empirical results in this paper make a strong prima facie case for the proposition that increases in the after tax rate of return caused by tax policy are likely to bring forth significant increases in saving. Theoretical analysis using a variety of standard models tends to...

Persistent link: https://www.econbiz.de/10012478110

Tax Policy and Corporate Investment

Summers, Lawrence H. - 1980

, however, very long. For example, it is estimated that the elimination of capital gains taxes would raise the capital stock by …

Persistent link: https://www.econbiz.de/10012478520

Inflation, Taxation, and Corporate Investment : A q-Theory Approach

Summers, Lawrence H. - 1980

This paper presents an analysis of the effects of tax policy on capital accumulation and valuation based on James Tobin's q theory of investment. As Tobin has explained, aggregate investment can be expected to depend in a stable way on q, the ratio of the stock market valuation of existing...

Persistent link: https://www.econbiz.de/10012478521

Tax Policy in a Life Cycle Model

Summers, Lawrence H. - 1978

This study departs from earlier analyses of the effects of taxes on capital income in several respects. Probably the …

Persistent link: https://www.econbiz.de/10012478848

Clearing the Bar : Improving Tax Compliance for Small Firms through Target Setting

Al-Karablieh, Yazan - 2020

We use a new dataset consisting of the universe of Greek corporate tax returns matched to financial statements to study a voluntary tax compliance program for small firms. This "self-assessment" program prescribed target taxable profit margins for different types of activity. Firms that reported...

Persistent link: https://www.econbiz.de/10012481073

Understanding Tax Policy : How Do People Reason?

Stantcheva, Stefanie - 2020

use to think about income and estate taxes. To that end, I run large-scale online surveys and experiments on … to taxes: efficiency effects, distributional implications, and fairness considerations. But they also elicit broader … concerns that could influence policy views, such as misperceptions, views of government, perceived spillovers from taxes, and …

Persistent link: https://www.econbiz.de/10012481247