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Competition, Harmonization and Redistribution : Corporate Taxes in Switzerland
Brülhart, Marius; Köthenbürger, Marko; Krapf, Matthias; … - National Bureau of Economic Research - 2023
Switzerland could be considered as a test case for international corporate-tax policy coordination. It is a federation of 26 fiscally autonomous cantons that have been taxing corporate profits more or less independently for over a century. We document and discuss corporate taxation in...
Persistent link: https://www.econbiz.de/10014436961
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From Lapdogs to Watchdogs : Random Auditor Assignment and Municipal Fiscal Performance
Vannutelli, Silvia - National Bureau of Economic Research - 2022
A classic problem in public finance is the over-expenditure of local governments in expectation of a bailout from higher-level administrations. While monitoring could mitigate agency problems, it can itself be rendered ineffective if auditors are corruptible. I evaluate whether limiting...
Persistent link: https://www.econbiz.de/10013462692
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Intergovernmental Grants and Policy Competition : Concepts, Institutions, and Evidence
Clemens, Jeffrey; Veuger, Stan - National Bureau of Economic Research - 2023
the literature on the role of intergovernmental grants in systems of fiscal federalism. Second, we provide an updated look … directions for future research on the economics of fiscal federalism and the role of intergovernmental grants as policy …
Persistent link: https://www.econbiz.de/10014287352
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Federalism's Values and the Value of Federalism
Inman, Robert P. - 2008
scholars and is there any evidence that would suggest all this attention is warranted? Proponents see federalism as a means to …, while policy decentralization is the key to federalism's strong rights and economic performance and can be achieved within a … provides federalism's valued outcomes. Third, federalism needs democracy; there is no evidence that adding policy …
Persistent link: https://www.econbiz.de/10012464912
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Was Pandemic Fiscal Relief Effective Fiscal Stimulus? Evidence from Aid to State and Local Governments
Clemens, Jeffrey; Hoxie, Philip G.; Veuger, Stan - National Bureau of Economic Research - 2022
We use an instrumental-variables estimator reliant on variation in congressional representation to analyze the effects of federal aid to state and local governments across all four major pieces of COVID-19 response legislation. Through September 2021, we estimate that the federal government...
Persistent link: https://www.econbiz.de/10013334387
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Experience Rating as an Automatic Stabilizer
Duggan, Mark G.; Johnston, Andrew; Guo, Audrey - National Bureau of Economic Research - 2022
Unemployment insurance taxes are experience-rated to penalize firms that dismiss workers. We examine whether experience rating acts as an automatic stabilizer in the labor market. We exploit the fact that penalties for layoffs vary by state using detailed data on state tax schedules, and we...
Persistent link: https://www.econbiz.de/10013462699
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Firm Responses to State Hiring Subsidies : Regression Discontinuity Evidence from a Tax Credit Formula
Hyman, Benjamin G.; Freedman, Matthew; Khanna, Shantanu; … - National Bureau of Economic Research - 2022
We examine firm responses to location-based hiring subsidies. We leverage institutional features of the California Competes Tax Credit (CCTC), a large-scale business incentive program that incorporates best practices from prior job creation policies. The CCTC award selection procedure combines...
Persistent link: https://www.econbiz.de/10013462712
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Evaluating Tax Harmonization
Hines, James R. - National Bureau of Economic Research - 2023
Tax harmonization entails a uniform rate that may not suit all governments. Harmonization can advance collective governmental objectives only if the standard deviation of tax rates is less than the average downward effect of tax competition on rates. Since an efficient harmonized tax rate undoes...
Persistent link: https://www.econbiz.de/10014437031
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Who Benefits from State Corporate Tax Cuts? A Local Labor Market Approach with Heterogeneous Firms : Further Results
Suárez Serrato, Juan Carlos; Zidar, Owen M. - National Bureau of Economic Research - 2023
This paper estimates the incidence of state corporate taxes using new data and methods for estimating the effects on profits. We extend Suarez Serrato and Zidar (2016) by developing two new identification approaches that use the effects of business taxes on the labor demand of incumbent firms...
Persistent link: https://www.econbiz.de/10014287307
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Norderfriedrichskoog! Tax Havens, Tax Competition and the Introduction of a Minimum Tax Rate
Boning, William C.; Klimsa, Drahomir; Slemrod, Joel; … - National Bureau of Economic Research - 2023
German municipalities levy local business taxes by choosing a tax rate to apply to local business income, where the tax base is defined uniformly at the national level. Before the federal government's imposition of a minimum tax rate in 2004, some municipalities such as the tiny North Sea town...
Persistent link: https://www.econbiz.de/10014287326