A central issue in public finance is the tradeoff between maintaining tax revenues and using the tax code to … practice as policymakers intend. This paper examines one particular tax program that many U.S. states use to stimulate … entrepreneurship. Specifically, angel tax credits subsidize wealthy individuals' investments in startups. This paper finds that these …

We analyze the dynamic macroeconomic effects of border adjustment taxes, both when they are a feature of corporate tax … 20% in the U.S. the dollar appreciates strongly, by almost the size of the tax adjustment, U.S. exports and imports …

This paper analyzes the effects of tax policy on the strategic choices of a domestic multinational company competing … with a foreign multinational company in a third country. We demonstrate the role of the effective average tax rate and the … effective marginal tax rate on the company's choices. We consider the impact on national welfare of alternative tax policies for …

decisions of American multinationals. The 1986 change reduced the tax deductibility of the interest expenses of firms with … excess foreign tax credits. The resulting increase in the cost of debt gives firms incentives to substitute away from using … rises as well. The empirical tests indicate that the loss of tax deductibility of parent-company interest expenses appears …

This paper overviews the issues connected with proposals to spur investment using tax incentives. There are four main … with a sharp fall in the after tax return to investors in the corporate sector. (2) Increasing the share of output devoted … 29 percent in the long run, but by only 4 percent within five years. (4) Through judicious design of tax policy, it is …

This paper presents an analysis of the effects of tax policy on capital accumulation and valuation based on James Tobin … of tax policies. The basic idea underlying the approach taken here can be described quite simply. It is generally assumed … model of this paper, the effects of tax changes on future profits are used to estimate the impact of those changes on the …

, a well-known result is that the two tax systems are equivalent. Motivated by recent empirical evidence documenting … persistent heterogeneity in rates of return across individuals, we revisit this question. With such heterogeneity, the two tax … similar wealth levels pay similar taxes regardless of their productivity, which expands the tax base, shifts the tax burden …

This paper documents facts about the structure of business taxation in China using administrative tax data from 2007 to … tax payments through the value-added tax system, through the excise tax system and through payroll taxes. Gross receipts …. Second, we evaluate whether the structure of China’s tax revenue matches its stage of development. A cross-country comparison …

The Tax Cut and Jobs Act (TCJA) slashed corporations’ median effective tax rates from 31.7% to 20.8%. Nevertheless, 15 …% of firms experienced an increase. One fifth of firms recorded nonrecurring tax costs or benefits exceeding 3% of total …

We use a new dataset of the universe of Greek corporate tax returns to study a voluntary tax compliance program for … non-eligible firms, with some evidence for longer-lasting effects on tax reporting. Firms that take up the program for … tax revenues collected from small firms, but points to a very large level of baseline under-reporting of profits and the …