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Job creation tax credits, fiscal foresight, and job growth : evidence from U.S. states
Chirinko, Robert S.; Wilson, Daniel J. - 2016
This paper studies the effects of job creation tax credits (JCTCs) enacted by U.S. states between 1990 and 2007 to gain insights about fiscal foresight (alterations of current behavior by forwardlooking agents in anticipation of future policy changes). Nearly half of the states adopted JCTCs...
Persistent link: https://www.econbiz.de/10011432544
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The dynamic response of municipal budgets to revenue shocks
Helm, Ines; Stuhler, Jan - 2021
We study the fiscal and tax response to intergovernmental grants, exploiting quasi-experimental variation within Germany’s fiscal equalization scheme triggered by Census revisions of official population counts. Municipal budgets do not adjust instantly. Instead, spending and investments adapt...
Persistent link: https://www.econbiz.de/10012514567
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Do party ties increase transfer receipts in cooperative federalism? - evidence from Germany
Bury, Yannick; Feld, Lars P.; Köhler, Ekkehard A. - 2020
Cooperative fiscal federalism needs a multi-level consent to decide on the allocation of intergovernmental transfers. We study how parliamentary representation of municipalities on the federal level influences the allocation of federal transfers to municipal governments under this type of...
Persistent link: https://www.econbiz.de/10012291881
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Expected effects of the US tax reform on other countries : global and local survey evidence
Boumans, Dorine; Fuest, Clemens; Krolage, Carla; … - 2019
The Tax Cuts and Jobs Act constitutes the largest change to the US tax system since the 1980s and thoroughly alters the way in which multinational companies are taxed. Current assessments on the reform's international impact vary widely. This article sheds light on the tax reform's expected...
Persistent link: https://www.econbiz.de/10011966873
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Does progressivity always lead to progress? : the impact of local redistribution on tax manipulation
Giommoni, Tommaso - 2019
The goal of this paper is to study the effects of introducing income redistribution at the municipal level, with the adoption of local tax progressivity. In particular, we analyse whether this complex fiscal tool modifies the incentives of local politicians to be strategic leading to higher tax...
Persistent link: https://www.econbiz.de/10011996184
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Fiscal consequences of corporate tax avoidance
Bilicka, Katarzyna; Dubinina, Evgeniya; Janský, Petr - 2023
We study the consequences of multinational tax avoidance on the structure of government tax revenues. To motivate our analysis, we show that countries with high revenue losses due to profit shifting have lower corporate tax revenues and rates and higher indirect tax revenues and rates. To...
Persistent link: https://www.econbiz.de/10014267195
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The long arm of the European VAT, exemplified by the Dutch experience
Bettendorf, Leon; Cnossen, Sijbren - 2014
exemptions and differentiated rate structures violate the logic and functionality of the VAT. The exemptions distort input …
Persistent link: https://www.econbiz.de/10010337520
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Modernizing the European VAT
Cnossen, Sijbren - 2020
taxed on output but on inputs. This has serious consequences. The VAT exemptions distort input choices, stimulate … uneconomical self-supply, and complicate administration and compliance. The welfare costs of the exemptions can be estimated at one … of the exemptions and the introduction of a single rate in conjunction with a reduction in the standard rate should …
Persistent link: https://www.econbiz.de/10012213147
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What drives corporate tax rates down? : a reassessment of globalization, tax competition, and dynamic adjustment to shocks
Overesch, Michael; Rincke, Johannes - 2009
We reassess the driving forces behind the recent decline of corporate tax rates in Europe. Using data for up to 32 countries from 1983 to 2006, we analyze the role of economic and financial openness as well as tax competition while allowing for dynamic adjustment to shocks and period-specific as...
Persistent link: https://www.econbiz.de/10003807847
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Asymmetric and non-linear adjustments in local fiscal policy
Legrenzi, Gabriella Deborah - 2009
We analyse the revenue-expenditure patterns of local governments, allowing for asymmetric and non-linear adjustments of local spending and taxation to disequilibrium errors. Our results provide evidence of a downward inflexibility of both local government spending and local taxation, pointing to...
Persistent link: https://www.econbiz.de/10003808136