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Tax Uncertainty and Welfare-Improving Tax Disputes
Hashimzade, Nigar - 2023
Tax law is often uncertain. In particular, the use of tax shelters tends to be in the “grey area” between illegal tax evasion and legal tax avoidance. In this paper I show that uncertainty in tax law can help achieve higher efficiency than allowing or disallowing a tax shelter with...
Persistent link: https://www.econbiz.de/10014357509
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Does Tax Competition Really Promote Growth?
Koethenbuerger, Marko; Lockwood, Ben - 2021
. Growth can be lower with decentralization. Our results also predict a negative relationship between output volatility and …
Persistent link: https://www.econbiz.de/10013316823
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Decentralization and Progressive Taxation
Berset, Simon; Schelker, Mark - 2021
panel data and apply causal machine learning methods to identify the effects of decentralization on the statutory tax …
Persistent link: https://www.econbiz.de/10013249653
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Partial Fiscal Decentralization
Brueckner, Jan K. - 2021
The fiscal decentralization impulse now sweeping the world often leads to partial decentralization, where subnational … arrangement, the literature contains no economic analysis of a partial decentralization regime in a Tiebout-style model. This …
Persistent link: https://www.econbiz.de/10013316771
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Revisiting the 'Decentralization Theorem' - On the Role of Externalities
Koethenbuerger, Marko - 2021
The Decentralization Theorem (Oates, 1972) is central to the discussion of fiscal federalism. We revisit the role of … consumption spillovers in evaluating the merits of (de)centralization. Unlike the general prediction, a higher degree of … spillovers may reduce the difference in utility of centralization and decentralization. The non-monotonicity result relates to …
Persistent link: https://www.econbiz.de/10013316807
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Does centralization affect the number and size of lobbies?
Redoano, Michela - 2007
decentralization to centralization can affect both the number and the type of lobbies. Under decentralization, if lobbies form they …
Persistent link: https://www.econbiz.de/10010264108
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Federalism and accountability with distorted election choices
Kessing, Sebastian G. - 2009
Random factors such as bad weather or exogenous economic shocks affect the re-election of politicians and can reduce accountability. Such distorted election choices interact with the architecture of government. Contrasting centralized with decentralized political systems, this study shows that...
Persistent link: https://www.econbiz.de/10010274383
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Free-riding or internalizing? An opportunistic view on decentralization versus centralization
Fiorillo, Fabio; Sacchi, Agnese - 2011
comparing decentralized and centralized system. As in the recent Second Generation Theory (SGT) of fiscal federalism (Seabright … production cost of the public good in each region, a different trade-off - from the traditional and new theory of fiscal …. Given this general framework, the convenience of decentralization versus centralization mainly depends on the interaction …
Persistent link: https://www.econbiz.de/10010274883
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Trust in public institutions over the business cycle
Stevenson, Betsey; Wolfers, Justin - 2011
We document that trust in public institutions - and particularly trust in banks, business and government - has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear...
Persistent link: https://www.econbiz.de/10010274853
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The Global Effects of COVID-19-Induced Uncertainty
Caggiano, Giovanni - 2020
We estimate a three-variate VAR using proxies of global financial uncertainty, the global financial cycle, and world industrial production to simulate the effects of the jump in financial uncertainty observed in correspondence of the Covid-19 outbreak. We predict the cumulative loss in world...
Persistent link: https://www.econbiz.de/10012834352