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The Usual Excess-Burden Approximation Usually Doesn't Come Close

Goulder, Lawrence H. - 1999

from taxes on intermediate inputs or consumer goods, and derives a practical alternative to this formula. We use an … analytically tractable general equilibrium model to reveal how interactions with pre-existing taxes in other markets critically … affect the excess burden of new taxes on intermediate inputs or consumer goods. The usual excess-burden formula ignores these …

Persistent link: https://www.econbiz.de/10012471766

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

Real Estate and the Tax Reform Act of 1986

Hendershott, Patric H. - 1986

In contrast to the conventional wisdom, real estate activity in the aggregate is not disfavored by the 1986 Tax Act. Within the broad aggregate, however, widely different impacts are to be expected. Regular rental and commercial activity will be slightly disfavored, while historic and old...

Persistent link: https://www.econbiz.de/10012476971

The Administration Tax Reform Proposal and Housing

Hendershott, Patric H. - 1985

loss of deductibility of property taxes -- on owner-occupied housing in the aggregate. However, this housing will generally …

Persistent link: https://www.econbiz.de/10012477339

Trading and the Tax Shelter Value of Depreciable Real Estate

Hendershott, Patric H. - 1984

maximizing the property's depreciation tax shelter net of all capital gain taxes and transaction costs.This paper develops a …

Persistent link: https://www.econbiz.de/10012477830

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

"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