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 cash-flow tax. This channel induces the corporate sector to invest more, boosting …

effective marginal tax rate improves firms' survival chances. This result is not only statistically but also economically … findings have important policy implications for the design of corporate tax systems. The challenge is not simply reducing the … statutory tax rate, but to level the playing field for all firms by rationalizing differentiated tax treatments across sectors …

pricing regulations corresponds to an increase in the ``TPR-adjusted'' corporate tax rate by almost one quarter …

This paper develops a dynamic general equilibrium model to assess the effects of temporary business tax cuts. First … tax cut financed by a future tax-increase has no real effect if the tax is lump-sum and capital markets are perfect … marginal propensities to invest out of tax cuts. Third, when the tax is distortionary, the expectation of high future tax rates …

illustrate when a destination-based cash-flow tax is equivalent to a combination of a consumption tax and a labor subsidy, as the … tax revenue responses can be broken, namely after the introduction of finitely lived consumers that value government debt … as net wealth (real economy) and the introduction of untaxed government expenditure (tax revenue) …

In 2009, the United Kingdom changed from a worldwide to a territorial tax system, abolishing dividend taxes on foreign … repatriation from many low-tax countries. This paper assesses the causal effect of territorial taxation on real investments, using … in low-tax countries. In the absence of any significant investment reduction elsewhere, the findings represent a likely …

This paper assembles a new dataset on corporate income tax regimes in 50 emerging and developing economies over 1996 …-2007 and analyzes their impact on corporate tax revenues and domestic and foreign investment. It computes effective tax rates … to take account of complicated special regimes, such as partial tax holidays, temporarily reduced rates and increased …

This paper examines the nature of gender bias in tax systems. Gender bias takes both explicit and implicit forms …. Explicit gender bias is found in many personal income tax systems. Several countries, especially those in Western Europe, have … target for reform of tax systems in recent years …

This paper investigates the role of tax incentives towards debt finance in the buildup of leverage in the nonfinancial … flow, and capital intensity. We conclude that leveling the playing field between debt and equity finance through tax policy …