Showing 1 - 10 of 11
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
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
levels by increasing taxes, so either an adjustment to fiscal spending or monetary policy must occur to stabilize debt. We …
Persistent link: https://www.econbiz.de/10012462162
--government spending and changes in tax policy--and map the news processes into standard DSGE models. We identify news concerning taxes …
Persistent link: https://www.econbiz.de/10012462293
econometrician's information sets in estimated VARs. Economically meaningful shocks to taxes, therefore, cannot be extracted from …
Persistent link: https://www.econbiz.de/10012464619
An asset-pricing perspective on inflation reveals that it depends on current and expected monetary and fiscal policies. There are three ways to carry $1 today into the future: money, bonds, and real assets. That dollar's purchasing power varies inversely with the price level. Expected money...
Persistent link: https://www.econbiz.de/10012469197
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