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Choosing between an Estate Tax and a Basis Carryover Regime : Evidence from 2010
Gordon, Robert N. - 2016
Executors of estates for decedents in 2010 could choose between an estate tax regime and a basis carry-over regime. For most executors, this created a tradeoff between a current estate tax payment and a future capital gains tax liability for beneficiaries who inherited assets with...
Persistent link: https://www.econbiz.de/10012981619
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Inertia and Overwithholding : Explaining the Prevalence of Income Tax Refunds
Jones, Damon - 2010
Over three-quarters of US taxpayers receive income tax refunds, indicating tax prepayments above the level of tax liability. This amounts to a zero interest loan to the government. Previous studies have suggested two main explanations for this behavior: precautionary behavior in light of tax...
Persistent link: https://www.econbiz.de/10013143772
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The Flexible Exchange Rate System : Experience and Alternatives
Dornbusch, Rudiger; Frankel, Jeffrey A. - 2021
We review ten aspects of how floating exchange rates have worked in practice, contrasted with ten characteristics that the system was supposed to have in theory. We conclude that the foreign exchange market is characterized by high transactions-volume, short-term horizons, and an absence of...
Persistent link: https://www.econbiz.de/10013236814
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Flexible Exchange Rates in the 1970'S
Frenkel, Jacob A. - 2021
The 1970's witnessed the dramatic evolution of the international monetary system from a regime of pegged exchange rates into a regime of flexible rates. This paper surveys the key issues and lessons from the experience with floating rates during the1970's. The main orientation is empirical and...
Persistent link: https://www.econbiz.de/10013237038
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Randomness in Tax Enforcement
Scotchmer, Suzanne; Slemrod, Joel B. - 2021
For most parameter values, increased randomness about how much taxable income an auditor would assess leads to higher reported income and more revenue, When reducing randomness is costly, optimality requires some randomness in assessed taxable Income. Even if reducing randomness g costless,...
Persistent link: https://www.econbiz.de/10013228039
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Tax Simplicity and Heterogeneous Learning
Aghion, Philippe - 2017
-laboratory: it has three fiscal regimes – or modes of taxation – for the self-employed, which differ in their monetary tax incentives …
Persistent link: https://www.econbiz.de/10012942708
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Business Income and Business Taxation in the United States Since the 1950s
Clarke, Conor - 2016
distributed; other forms of business income may escape taxation entirely. Business owners often have control over the timing and … business taxation in the United States. These changes include the degree to which business incomes are taxed on a realization … versus an accrual basis, the extent to which taxation is deferred, and the share of business income that is ultimately …
Persistent link: https://www.econbiz.de/10012980194
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The Effect of Tax Rates and Tax Bases on Corporate Tax Revenues : Estimates with New Measures of the Corporate Tax Base
Kawano, Laura - 2012
Several recent analyses have suggested that the revenue-maximizing corporate tax rate resides in the low-30's. We challenge this result by re-examining this relationship using a new compilation of changes in corporate tax base definitions for OECD countries between 1980 and 2004. By considering...
Persistent link: https://www.econbiz.de/10013099818
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The Corporate Profit Base, Tax Sheltering Activity, and the Changing Nature of Employee Compensation
Desai, Mihir A. - 2002
This paper examines the evolution of the corporate profit base and the relationship between book income and tax income for U.S. corporations over last two decades. The paper demonstrates that this relationship has broken down over the 1990s and has broken down in a manner that is consistent with...
Persistent link: https://www.econbiz.de/10012787259
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Dodging the Taxman : Firm Misreporting and Limits to Tax Enforcement
Carrillo, Paul E. - 2014
Reducing tax evasion is a key priority for many governments, particularly in developing countries. A growing literature has argued that the ability to verify taxpayer self-reports against reports from third parties is critical for modern tax enforcement and the growth of state capacity. However,...
Persistent link: https://www.econbiz.de/10013044977