Similar Search Results

Rothschild, Casey; Scheuer, Florian - CESifo - 2014

We develop a framework for optimal taxation when agents can earn their income both in traditional activities, where private and social products coincide, and in rent-seeking activities, where private returns exceed social returns either because they involve the capture of pre-existing rents or...

Persistent link: https://www.econbiz.de/10011075720

Growth and Volatility of Tax Revenues in Latin America

Fricke, Hans; Süssmuth, Bernd - CESifo - 2011

-dependent asymmetric reactions of short-run elasticities over the business cycle. Due to its dependence on commodities exploitation Latin … stronger (weaker) to business cycle dynamics. This “tax revenue channel” represents an indirect argument for counter … higher tax levels without creating disincentives and inequities through business cycle instabilities on the way to develop an …

Persistent link: https://www.econbiz.de/10008833922

Horizontal Merger under Strategic Tax Policy

Liu, Chih-Chen; Mukherjee, Arijit; Wang, Leonard F.S. - CESifo - 2014

We show that the presence of a strategic tax policy increases the incentive for a horizontal merger compared to the situation with no tax policy. Thus, we point towards a new factor, viz., strategic tax policy, for increasing the incentive for a horizontal merger that has been ignored in the...

Persistent link: https://www.econbiz.de/10010948827

Capital Mobility and Tax Competition: A Survey

Fuest, Clemens; Huber, Bernd; Mintz, Jack - CESifo - 2003

This paper surveys the literature on the implications of international capital mobility for national tax policies. Our main issue for consideration in this survey is whether taxation of income, specifically capital income will survive, how border crossing investment is taxed relative to domestic...

Persistent link: https://www.econbiz.de/10005765882

The 2008 Financial Crisis and Taxation Policy

Hemmelgarn, Thomas; Nicodème, Gaëtan J.A. - CESifo - 2010

The 2008 financial crisis is the worst economic crisis since the Great Depression of 1929. It has been characterised by a housing bubble in a context of rapid credit expansion, high risk-taking and exacerbated financial leverage, leading to deleveraging and credit crunch when the bubble burst....

Persistent link: https://www.econbiz.de/10008534034

Is Prescott Right? Welfare State Policies and the Incentives to Work, Learn and Retire

Jacobs, Bas - CESifo - 2008

This paper bolsters Prescott’s (2004) claim that high taxes are responsible for lacklustre labor market performance in continental European countries. We develop a lifecycle model with endogenous skill formation, endogenous labor supply, and endogenous retirement. Labor taxation distorts not...

Persistent link: https://www.econbiz.de/10005181523

Too Slow a Change? Deep Habits, Consumption Shifts and Transitory Tax Policy

van den Bijgaart, Inge - 2018

Habits are an important cause of sluggish consumption adjustment in response to price shocks. This paper studies shifts within the consumption bundle under endogenous habit formation. I put forward a model with good-specific, or 'deep', habits that cause persistence in good-specific consumption....

Persistent link: https://www.econbiz.de/10012918060

The Signaling Role of Charitable Contributions by Businesses : A Tax Policy Perspective

Blumkin, Tomer - 2016

Empirical evidence suggests that charitable contributions to public goods may be driven not only by the familiar warm-glow of giving motive but also as a means for businesses to signal high product quality. Building on this finding, we present an analytical framework that characterizes the...

Persistent link: https://www.econbiz.de/10012979588

Fiscal Federalism, Taxation and Grants

Gonzalez-Eiras, Martin - 2016

We propose a theory of tax centralization and inter governmental grants in politico-economic equilibrium. The cost of taxation differs across levels of government because voters internalize general equilibrium effects at the central but not at the local level. This renders the degree of tax...

Persistent link: https://www.econbiz.de/10012981295

Immobilizing Corporate Income Shifting : Should It Be Safe to Strip in the Harbour?

Gresik, Thomas A. - 2015

Many subsidiaries can deduct interest payments on internal debt from their taxable income. By issuing internal debt from a tax haven, multinationals can shift income out of host countries through the interest rates they charge and the amount of internal debt they issue. We show that, from a...

Persistent link: https://www.econbiz.de/10013009882