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Theory predicts that unit taxes increase the quality consumed in a market since unit taxes reduce the relative price of high quality goods. Ad valorem taxes, on the other hand, have no effect on relative prices and should not affect product quality. The hypothesis is tested empirically in the US...
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property tax at the local level in China. Starting in 2003, as China’s economy gradually recovered from the Asian financial …, intergovernmental relations, and local governance in China. It represents a fundamental change in the provision of public services, the … is the first of its kind, so this book is the first detailed study of property tax in China; as such, it will appeal to …
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This paper examines the determinants and margins of profit shifting through transfer pricing. We develop a theory model, where transfer pricing patterns are governed by a generalized concealment cost function (CCF). Our empirical analysis draws on micro-level data about transaction-level...
Persistent link: https://www.econbiz.de/10011977376
We study the general-equilibrium effects of the corporate debt tax shield in an endowment economy with a redistributive tax system that taxes firm profits and household income and redistributes tax revenues in an attempt to harmonize households' lifetime consumption opportunities. In general...
Persistent link: https://www.econbiz.de/10012895325
Much of the controversy surrounding recent policy proposals to broaden the base for value added taxes (VAT) revolves around who ultimately bears the burden of these taxes. The typical assumption is that consumer prices fully reflect taxes, so that the main empirical question is how the tax...
Persistent link: https://www.econbiz.de/10012991441
Sugary drinks taxes have been implemented around the world and governments around the world are considering extending these taxes to address concerns about rising obesity. We demonstrate the range of impacts a tax on added sugar and salt could have on purchases of food at home and out of the...
Persistent link: https://www.econbiz.de/10012599694
We study the implications of the corporate debt tax shield in a growth economy that taxes household income and firm profits and redistributes tax revenues in an attempt to harmonize the lifetime consumption opportunities of households that differ in their endowments. Our model predicts that the...
Persistent link: https://www.econbiz.de/10011753740