This paper assesses the macroeconomic and distributional impact of personal income tax (PIT) reforms in the U … marginal tax rates; (ii) PIT cuts do 'trickle-down' the income distribution: tax cuts stimulate demand for non …-tradable services which raise the wages and employment prospects of low-skilled workers even if the tax cut is not directly incident on …

Using the post-WWII data of U.S. federal corporate income tax changes, within a Smooth Transition VAR, this paper finds … that the output effect of capital income tax cuts is government debt-dependent: it is less expansionary when debt is high … than when it is low. To explore the mechanisms that can drive this fiscal state-dependent tax effect, the paper uses a DSGE …

In this paper we provide short- and long-run tax buoyancy estimates for 107 countries (distributed between advanced … that: i) for advanced economies both long-run and short-run buoyancies are not different from one; ii) long run tax …

robot tax that has featured prominently in the policy debate on automation and show that it could raise the capital stock … and per capita output at the steady state. However, the robot tax cannot induce a takeoff toward positive long-run growth. …

-up scenarios, analyzing how improving the efficiency of capital spending and of tax revenue collection affect growth and debt …

inflation levels exhibited during 2003-08, with focused attention to increasing efficiency and compliance in tax revenue … collection. Higher tax revenues can facilitate increases in public investment, which then crowd in private investment. The task …

of the overall tax burden over per capita GDP. In average, an increase of 1 percent in the overall tax burden decreases …). Furthermore, additional econometric results pointed out that a revenue neutral fiscal policy which changes the tax structure …