actually be self-financing,in that they may lead to a long run surplus without any increase in other tax rates …

The U.S., according to some measures, has one of the highest marginal effective corporate tax rates (METRs) of any … developed country. Yet the tax collects less than 2 percent of GDP. This paper studies the impact of replacing the U ….S. corporate tax with a Business Cash Flow Tax (BCFT). Our paper studies BCFT reform with reference to a particular, but reasonably …

The 1986 Tax Reform Act, while having little effect on the overall effective tax rate on U.S. capital income, did … the reduction in corporate tax wedges within industries. Unlike the Harberger Model, the Mutual Production Model permits … order redistribution of income associated with the Tax Reform …

The U.S., according to some measures, has one of the highest marginal effective corporate tax rates (METRs) of any … developed country. Yet the tax collects less than 2 percent of GDP. This paper studies the impact of replacing the U ….S. corporate tax with a Business Cash Flow Tax (BCFT). Our paper studies BCFT reform with reference to a particular, but reasonably …