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This paper studies the effects of job creation tax credits (JCTCs) enacted by U.S. states between 1990 and 2007 to gain …
Persistent link: https://www.econbiz.de/10011432544
We study the conditions under which fiscal foresight - forward-looking agents anticipating future policy changes - results in perverse economic behavior through unintended intertemporal tradeoffs. Somewhat surprisingly, fiscal foresight by itself is far from sufficient for policy-induced...
Persistent link: https://www.econbiz.de/10014251461
. We begin with a discussion of some general considerations about the design of tax policies summarized in a tax policy … design table. Four policies are reviewed: job creation tax credits, research and development tax credits, a set of tax … policies targeted to the biotechnology industry, and a broad set of tax policies that attract star scientists. The experiences …
Persistent link: https://www.econbiz.de/10013473649