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Are "Real" Responses to Taxes Simply Income Shifting Between Corporate and Personal Tax Bases?
Gordon, Roger H. - 1998
Two well-noted phenomena of recent decades are the increasing concentration of personal income and the declining rate of corporate profitability. This paper investigates to what extent these two trends have a common explanation extent these two trends have a common explanation-shifting of income...
Persistent link: https://www.econbiz.de/10012472233
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Simulating the Elimination of the U.S. Corporate Income Tax
Fehr, Hans - 2013
income tax produces rapid and dramatic increases in the model's level of U.S. investment, output, and real wages, making the …
Persistent link: https://www.econbiz.de/10012458906
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How Would EU Corporate Tax Reform Affect US Investment in Europe?
Devereux, Michael P. - 2011
inbound investment of US multinational companies. We pay attention to tax planning strategies that may be employed by US … taking into account their existing structures and future investment incentives. The relative position of US and European …
Persistent link: https://www.econbiz.de/10012461082
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Internal Finance and Investment : Evidence from the Undistributed Profits Tax of 1936-1937
Calomiris, Charles W. - 1993
Recent theoretical approaches have linked shifts in firms' internal funds and investment spending, holding constant … underlying investment opportunities. An important impediment to convincing tests of these models is the lack of firm-level data …) in the 1930s, to identify firms' relative cost of internal and external funds and analyze its effect on firms' investment …
Persistent link: https://www.econbiz.de/10012474672
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Corporate Tax Avoidance and High Powered Incentives
Desai, Mihir A. - 2004
This paper analyzes the links between corporate tax avoidance, the growth of high-powered incentives for managers, and the structure of corporate governance. We develop and test a simple model that highlights the role of complementarities between tax sheltering and managerial diversion in...
Persistent link: https://www.econbiz.de/10012468222
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Corporate Taxation and the Efficiency Gains of the 1986 Tax Reform Act
Gravelle, Jane G. - 1989
The 1986 Tax Reform Act, while having little effect on the overall effective tax rate on U.S. capital income, did reduce significantly the difference in effective taxation of corporate and noncorporate capital within a number of U.S. industries. The Mutual Production Model developed in Gravelle...
Persistent link: https://www.econbiz.de/10012475901
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Non-Neutral Taxation and the Efficiency Gains of the 1986 Tax Reform Act - - A New Look
Gravelle, Jane G. - 1989
The Tax Reform Act of 1986 considerably altered the differentials between taxes on corporate and noncorporate capital. Conventional wisdom, relying on various incarnations of the Harberger model, suggests rather small efficiency effects from these changes in corporate tax wedges. But the...
Persistent link: https://www.econbiz.de/10012476084
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Should Tax Reform Level the Playing Field?
Summers, Lawrence H. - 1987
While frequently invoked, the level playing field ideal and its practical embodiment in tax legislation has received relatively little analysis. This paper examines the economic arguments surrounding the level playing field doctrine. I conclude that leveling the playing field is an issue of...
Persistent link: https://www.econbiz.de/10012476937
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Tax Asymmetries and Corporate Income Tax Reform
Majd, Saman - 1986
investigated reduces the statutory tax rate, eliminates the investment tax credit and sets tax depreciation approximately equal to … greatest burden, are uniformly more valuable under this reform, despite the loss of the investment tax credit and accelerated … depreciation.These general results are backed up by a series of numerical experiments. We vary investment risk, inflation (with and …
Persistent link: https://www.econbiz.de/10012477150
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The Economic Effects of the Corporate Income Tax : Changing Revenues and Changing Views
Auerbach, Alan J. - 1984
This paper reviews recent empirical research studying the impact of the U.S. corporate income tax on the behavior of firms. Four areas are discussed:(1) The extent to which dividend taxation imposes a "double tax" on corporate source earnings;(2) The historical impact of tax incentives on the...
Persistent link: https://www.econbiz.de/10012477567