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EU Accession and Foreign Owned Firms in Bulgaria
Feliciano, Zadia - 2016
Bulgaria signed the Europe Association Agreement (EAA) in 1995 and the European Union accession treaty in 2005 …. Accession had the effect of increasing FDI in Bulgaria. We analyze World Bank BEEPS firm level data for 2007 to better … understand characteristics and performance of foreign firms in Bulgaria. We estimate linear probability and logit models to …
Persistent link: https://www.econbiz.de/10013001768
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Does Tax Policy Affect Executive Compensation? Evidence from Postwar Tax Reforms
Frydman, Carola - 2011
The trends in executive pay and labor income tax rates since the 1940s suggest a high elasticity of taxable income with respect to tax policy. By contrast, the level and structure of executive compensation have been largely unresponsive to tax incentives since the 1980s. However, the relative...
Persistent link: https://www.econbiz.de/10013129190
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Giving Mom a Break : The Impact of Higher EITC Payments on Maternal Health
Evans, William N. - 2010
The 1993 expansions of the Earned Income Tax Credit created the first meaningful separation in the benefit level for families based on the number of children, with families containing two or more children now receiving substantially more in benefits. If income is protective of health, we should...
Persistent link: https://www.econbiz.de/10013139120
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How Would EU Corporate Tax Reform Affect Us Investment in Europe?
Devereux, Michael P. - 2011
This paper examines the likely impact of a proposed formula apportionment system for corporation tax in the EU on the inbound investment of US multinational companies. We pay attention to tax planning strategies that may be employed by US multinationals and investigate whether effective tax...
Persistent link: https://www.econbiz.de/10013118758
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The Value-Added Tax Reform Puzzle
Cai, Jing - 2011
We explore the impact of a tax reform in some provinces of China which eliminated the value-added tax on some investment goods. While the goal of the experiment was to encourage upgrading of technology, our results suggest that there was no evident increase overall in fixed investment, and...
Persistent link: https://www.econbiz.de/10013119338
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The Tax Reform Act of 1986 : Comment on the 25th Anniversary
Feldstein, Martin S. - 2011
The Tax Reform Act of 1986 was a powerful pro-growth force for the American economy. Equally important, as we look back on it after 25 years, we also see that it taught us two important lessons. First, it showed that politicians with very different political philosophies on the right and on the...
Persistent link: https://www.econbiz.de/10013119339
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Does Financial Constraint Affect Shareholder Taxes and the Cost of Equity Capital?
Chen, Chongyang - 2011
We show that firms with the least elastic demand for equity capital should benefit the most from reductions in shareholder taxes. Consistent with this prediction, we find that, following 1997 and 2003 cuts in U.S. individual shareholder taxes, financially constrained firms, and particularly...
Persistent link: https://www.econbiz.de/10013123306
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Firms' Responses to Anticipated Reductions in Tax Rates : The Tax Reform Act of 1986
Scholes, Myron S. - 2011
The 1986 Tax Act in the U.S. gradually reduced corporate tax rates from 46 percent prior to the Act to 34 percent by the middle of 1988. This reduction gave firms an incentive, in 1986 and 1987, to shift taxable income to future years when tax rates would be lower. There are substantial...
Persistent link: https://www.econbiz.de/10013124537
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The Value-Added Tax Reform Puzzle
Cai, Jing - 2012
We explore the impact of a tax reform in some provinces of China which eliminated the value-added tax on some investment goods. While the goal of the experiment was to encourage upgrading of technology, our results suggest that there was no evident increase overall in fixed investment, and...
Persistent link: https://www.econbiz.de/10013099361
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Do Prices and Attributes Explain International Differences in Food Purchases?
Dubois, Pierre - 2013
Food purchases differ substantially across countries. We use detailed household level data from the US, France and the UK to (i) document these differences; (ii) estimate a demand system for food and nutrients, and (iii) simulate counterfactual choices if households faced prices and nutritional...
Persistent link: https://www.econbiz.de/10013087450