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Corporate tax reform : from income to cash flow taxes
Carton, Benjamin; Fernandez-Corugedo, Emilio; Hunt, … - 2019
This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key channels are at play. The first channel is the shift from an income tax to a...
Persistent link: https://www.econbiz.de/10012001561
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No business taxation without model representation : adding corporate income and cash flow taxes to GIMF
Carton, Benjamin; Fernandez-Corugedo, Emilio; Hunt, … - 2017
corporate income, cash-flow and destination based cash-flow taxes into the model. The analysis presented considers the … transmission mechanism of these taxes and details how financial frictions interact with each of the taxes …
Persistent link: https://www.econbiz.de/10011763752
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Identical twins? : destination-based cash-flow taxes versus consumption taxes with payroll subsidies
Carton, Benjamin; Fernandez-Corugedo, Emilio; Hunt, … - 2017
latter combination have been advocated as proxies for the implementation of destination-based cash-flow taxes. The paper … documents the conditions under which both types of taxes are identical and how the equivalence in terms of the real economy and …
Persistent link: https://www.econbiz.de/10011763886