This article describes the new ACE-type system implemented in Italy since 2012. We have first shown that this system …

as a tax base. Hence, tax systems such as an Allowance for Corporate Equity (ACE) or a Cash-flow tax do not have the … governance ; allowance for corporate equity ;comprehensive business income tax ; cash flow tax …

In this paper we examine the role of mortgage equity withdrawal in explaining the decline of the US saving rate, since … when house prices rise and mortgage rates are low, homeowners have an incentive to withdraw housing equity and this may … affect the saving rate. We estimate a Vector Error Correction (VEC) model including the saving rate, asset prices, equity …

of an equity tax shield, I infer the impact of the tax discrimination between debt and equity. Consistent with the … theoretical prediction, the estimated results show that the introduction of an equity tax shield has a significant negative effect … encourages companies to use on average 2-7% more debt than when there is an equal tax treatment of debt and equity. -- allowance …

status quo against our measures of equity and efficiency. Several proposals may actually worsen the issues they ostensibly …

We develop a theoretical framework for equity in council voting games (CVGs). In a CVG, a fully representative voting …). Three equity concepts are proposed: ex-ante (procedural) equity, ex-post (outcome) equity and regional equity. The last two …

firms rely heavily on equity financing, even though benefits associated with debt (like tax shields) appear to be high and … firm and its managers/employees. Equity financing generally strengthens a firm’s credibility to honor implicit promises …

increase aggregate human well-being, while decreasing its cross-sectional variance. These efficiency and equity effects are …