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Policy Implications of Non-Linear Effects of Tax Changes on Output

Gunter, Samara R.; Riera-Crichton, Daniel; Végh, Carlos A. - National Bureau of Economic Research - 2021

," we estimated tax multipliers using (i) a novel dataset on value-added taxes for 51 countries (21 industrial and 30 … companion paper first shows that these findings have important policy implications, given that the initial level of taxes varies …

Persistent link: https://www.econbiz.de/10012510525

Capital Investment and Labor Demand

Curtis, E. Mark; Garrett, Daniel G.; Ohrn, Eric C.; … - National Bureau of Economic Research - 2021

We study how tax policies that lower the cost of capital impact investment and labor demand. Difference-in-differences estimates using confidential US Census Data on manufacturing establishments show that tax policies increased both investment and employment, but did not lead to wage or...

Persistent link: https://www.econbiz.de/10012696394

Tax Policy and Local Labor Market Behavior

Garrett, Daniel G. - 2019

Since 2002, the US government has encouraged business investment using accelerated depreciation policies that significantly reduce investment costs. We provide the first in-depth analysis of this stimulus on employment and earnings. Our local labor markets approach exploits cross-industry...

Persistent link: https://www.econbiz.de/10012479500

The Structure of Business Taxation in China

Chen, Zhao - 2020

2011 from the State Taxation Administration. We first document the importance of different business taxes across industries …. While corporate income taxes play an important role for manufacturing firms, these firms also remit a large share of their … tax payments through the value-added tax system, through the excise tax system and through payroll taxes. Gross receipts …

Persistent link: https://www.econbiz.de/10012482270

Tax Multipliers : Pitfalls in Measurement and Identification

Riera-Crichton, Daniel - 2012

On the identification front, our findings favor the use of narratives à la Romer and Romer (2010) to identify exogenous fiscal shocks as opposed to the identification via SVAR. On the (much less explored) measurement front, our results strongly support the use of tax rates as a true measure of...

Persistent link: https://www.econbiz.de/10012460163

How is Tax Policy Conducted over the Business Cycle?

Vegh, Carlos A. - 2012

It is well known by now that government spending has typically been procyclical in developing economies but acyclical or countercyclical in industrial countries. Little, if any, is known, however, about the cyclical behavior of tax rates (as opposed to tax revenues, which are endogenous to the...

Persistent link: https://www.econbiz.de/10012460906

Who Benefits from State Corporate Tax Cuts? A Local Labor Market Approach with Heterogeneous Firms : Further Results

Suárez Serrato, Juan Carlos; Zidar, Owen M. - National Bureau of Economic Research - 2023

This paper estimates the incidence of state corporate taxes using new data and methods for estimating the effects on … business taxes on the labor demand of incumbent firms and local productivity to identify profit effects. We estimate these …

Persistent link: https://www.econbiz.de/10014287307