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The Significance of International Tax Rules for Sourcing Income : The Relationship Between Income Taxes and Trade Taxes
Mutti, John - 1996
This paper examines how rules to determine the source of income internationally for tax purposes can have important effects on the form in which taxable income is reported and on the location of economic activity. In the case of U.S. law, two provisions are significant: allowing a portion of...
Persistent link: https://www.econbiz.de/10012473330
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Do People Respond to the Mortage Interest Deduction? Quasi-Experimental Evidence from Denmark
Gruber, Jonathan - 2017
Using linked housing and tax records from Denmark combined with a major reform of the mortgage interest deduction in the late 1980s, we carry out the first comprehensive long-term study of how tax subsidies affect housing decisions. The reform introduced a large and sharp reduction in the...
Persistent link: https://www.econbiz.de/10012455082
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Trade Reform with a Government Budget Constraint
Anderson, James E. - 1996
The standard theory of trade reform uses a passive government budget constraint, in which changes in tariff revenue are offset by changes in lump sum transfers. This paper offers a general framework for the analysis of trade reform when the government budget constraint is active, meaning that...
Persistent link: https://www.econbiz.de/10012473001
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Tax Loss Carryforwards and Corporate Tax Incentives
Auerbach, Alan J. - 1986
This paper investigates the extent to which loss-offset constraints affect corporate tax incentives. Using data … sector had tax loss carryforwards. When weighted by their market value, however, these firms account for less than three … percent of this sector, suggesting that loss carryforwards are concentrated among small firms and affect relatively few large …
Persistent link: https://www.econbiz.de/10012477213
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The Effects of the Length of the Tax-Loss Carryback Period on Tax Receipts and Corporate Marginal Tax Rates
Graham, John R. - 2009
We investigate how the length of the net operating loss carryback period affects corporate liquidity and marginal tax … financial industries. Extending the carryback period would increase the marginal tax rate of loss firms by more than 200 basis …
Persistent link: https://www.econbiz.de/10012463472
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Understanding U.S. Corporate Tax Losses
Altshuler, Rosanne - 2008
Recent data present a puzzle: the ratio of corporate tax losses to positive income was much higher around 2001 than in earlier recessions. Using a comprehensive 1982-2005 sample of U.S. corporation tax returns, we explore a variety of potential explanations for this surge in tax losses, taking...
Persistent link: https://www.econbiz.de/10012464242
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Pay or Pray? The Impact of Charitable Subsidies on Religious Attendance
Gruber, Jonathan - 2004
The economic argument for subsidizing charitable giving relies on the positive externalities of charitable activities, particularly from the religious institutions that are the largest recipients of giving. But the net external effects of subsidies to religious giving will also depend on a...
Persistent link: https://www.econbiz.de/10012468319
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An Examination of Multijurisdictional Corporate Income Taxes Under Formula Apportionment
Gordon, Roger H. - 1984
This paper examines how corporate taxation of multijurisdictional firms using formula apportionment affects the incentives faced by individual firms and individual states. We find that formula apportionment creates factor price distortions which vary in general among firms within a state, and in...
Persistent link: https://www.econbiz.de/10012477721
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Income Misattribution under Formula Apportionment
Hines, James R, Jr - 2009
Alternatives to the current system of separate tax accounting, such as the proposed Common Consolidated Corporate Tax Base in Europe, would apportion a firm's worldwide profits using formulas based on the location of employment, capital or sales. This paper offers a new method of evaluating the...
Persistent link: https://www.econbiz.de/10012463464
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The Impact and Inefficiency of the Corporate Income Tax : Evidence from State Organizational Form Data
Goolsbee, Austan - 2002
By double taxing the income of corporate firms but not unincorporated firms, taxes can play an important role in a firm's choice of organizational form. The sensitivity of the organizational form decision to tax rates can also be used to approximate the efficiency cost of the corporate income...
Persistent link: https://www.econbiz.de/10012469568