growth enhancing tax and expenditure reform. We quantitatively illustrate that this reform based strategy, by reaping … yet avoids increasing tax rates. With slow consolidation, marginal tax rates are reduced right from the beginning. …

We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using … GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We … find that days of discretionary tax legislation during all stages of the process often matter for returns, both in terms of …

-tier (horizontal) and between-tiers (vertical and diagonal) fiscal externalities. Estimation of an unrestricted income tax reaction … municipal tax rates. On the other hand, there is no evidence of a response of municipal tax rates to regional tax policies …, suggesting that border discontinuity estimators that rely on consolidated spatial specifications (lower-plus-upper-tier tax rates …

We characterize the second-best allocation in a Mirrleesian optimal tax model where agents differ in multiple … dimensions and the planner can tax multiple goods non-linearly. We develop a new method that allows us to solve the partial … properties of the optimum. First, the optimal tax system is described by a multidimensional version of Diamond’s (1998) and Saez …

This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An … example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations … tax system. However, this tax system is often undesirable since it severely restricts the choice space of agents in the …

This paper studies the design of tax systems that implement a planner's second-best allocation in a market economy. An … example shows that the widely used Mirrleesian (1976) tax system cannot implement all incentive-compatible allocations … one tax system. However, this tax system is often undesirable since it severely restricts the choice space of agents in …

This paper estimates the effects of tax incentives on charitable contributions in the UK, using the universe of self …-assessment income tax returns between 2005 and 2013. We exploit variation from a large reform in 2010 to estimate intensive and … extensive-margin tax-price elasticities of giving. Using a predicted-tax-rate instrument for the price of giving relative to …

quasi-experimental variation in the annual Norwegian wealth tax to study the effect on how much households give …, which suggests an absence of intertemporal substitution effects in giving. Second, we study bunching at an income-tax …, we show that these nominally unrelated tax incentives interact: wealth taxation increases the after-tax own …

This paper uses a panel of personal income tax return data for the population of Thai tax filers to examine how … individuals respond to tax subsidy for long-term savings. We utilize the 2013 tax reform that lowered the price subsidy for long … policymakers who consider an incremental change in the existing tax incentive scheme …

This paper analyzes the effects of an income tax credit for hard-to-tax consumer services on evasion of the value-added-tax … (VAT). Based on the individual tax files of the universe of VAT payers in Germany, our analysis shows that harnessing … incentives for consumers through tax credits fosters firms’ compliance with VAT by bringing in an element of third …