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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 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

Investment with Uncertain Tax Policy : Does Random Tax Policy Discourage Investment?

Hassett, Kevin - 1994

In models with irreversible investment, increasing uncertainty about prices has been shown to increase the required rate of return (hurdle rate) and delay investment (e.g., Pindyck, 1988). One serious form of uncertainty faced by firms, a form that policy makers could conceivably control, is tax...

Persistent link: https://www.econbiz.de/10012474139

The Role of Federal Taxation in the Supply of Municipal Bonds : Evidence From Municipal Governments

Metcalf, Gilbert E. - 1991

This paper considers ways in which federal tax policy affects municipal asset and debt holdings. The tax treatment of municipal bonds and income creates an arbitrage opportunity for communities to issue tax exempt debt and invest in financial assets. I present evidence that suggests the rules in...

Persistent link: https://www.econbiz.de/10012475096

Tax Policy, Housing Prices, and Housing Investment

Goulder, Lawrence H. - 1989

This paper employs a general equilibrium model to assess the effects of major components of the Tax Reform Act of 1986 on the performance of housing and other industries. The model considers both short-term and long-term effects on housing demands, house values, and investment in housing. Model...

Persistent link: https://www.econbiz.de/10012476243

Savings Promotion, Investment Promotion, and International Competitiveness

Goulder, Lawrence H. - 1988

In an open economy, savings- and investment-promoting policies may have very different effects on the capital account and on the viability of export-oriented and import-competing industries. The nature of the effects is often ambiguous in analytical models. This paper employs a simulation model...

Persistent link: https://www.econbiz.de/10012476437

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