The paper studies the effects of tax policy on venture capital activity. Entrepreneurs pursue a single high risk … managerial advice. It considers dierential wage and capital income taxes, a comprehensive income tax, incomplete loss offset …

We provide estimates of the impact and long-run elasticities of tax base with respect to tax rates for four large U … initial increase in local tax rates. A significant negative impact (current period) effect of a balanced budget increase in … city property tax rates on city property base is interpreted as a capitalization effect and suggests that marginal …

options. In this paper, we examine the extent to which tax policy has influenced the composition of executive compensation …, and discuss the implications of rising stock-based pay for tax policy. We begin by describing the tax rules for executive … pay in detail and analyzing how changes in various tax rates affect the tax advantages of stock options relative to salary …

$2.56 billion more than the $4.79 billion they raise in tax revenues. These taxes are raised from wireless consumers and … taxes. Prospective taxes will impose an efficiency loss of $0.72-$1.14 per additional dollar of tax revenue raised …

Much criticism of the income tax involves administration: the enormous complexity of the system is responsible for … large compliance costs, public and private, and the tax gap is large despite substantial resources devoted to enforcement … fundamental restructuring of the tax system. But evaluation of such changes is difficult because the underlying problems have not …

Equilibrium in the market for real assets requires that the price of those assets be bid up to reflect the tax shields … its implications for the comparison of bankruptcy costs versus tax shields …

because the small increments in all future tax rates to finance interest payments involves a smaller excess burden than the … single large tax rate increase that would be required to avoid an initial increase in the national debt. This argument … tax rates can be explicitly balanced against the disadvantage of the excess burden that arises from additional debt. The …

This paper explores the implications of tax rate uncertainty, identifying circumstances in which revenue-neutral tax … heterogeneous taxpayers, tax rate variability is shown to perform an efficiency-enhancing screening function, imposing heavier … expected tax burdens on less responsive taxpayers. And while efficient tax uncertainty enables governments to reduce average …

equivalent tax incentives to result in meaningfully different behaviors. We argue that in the presence of such failures of … "implementation invariance," decoupling the question of optimal feasible allocations from the tax system used to induce them …--the "mechanism design approach" to tax analysis--cannot be the right approach to analyzing optimal tax systems. After reviewing the …