This paper studies the short-run macroeconomic effects of legislated tax changes in Germany using a vector autoregression (VAR) approach. Identification of the tax shock follows the narrative approach recently proposed by Romer and Romer (2010). Results indicate a moderate, but statistically...

This paper discusses whether, and the extent to which, Japan supports the use of tax laws to encourage economic activities in targeted regions, in specified countries, or to attract investment within its borders.Starting from a brief introduction of historical background, the paper describes...

The 2017 tax legislation brought sweeping changes to the rules for taxing individuals and business, the deductibility of state and local taxes, and the international tax regime. The complex legislation was drafted and passed through a rushed and secretive process intended to limit public comment...

This paper examines whether, and under what circumstances, tax incentives are the right policy tool to attract economic activity. It describes various types of tax incentives and factors that should be considered before their implementation. The paper also looks at certain elements of the...

After abolishing the wealth tax in a number of European countries during recent decades, increasing income and wealth inequality have spurred the discussion of reintroducing a wealth tax in a number of countries. This has refuelled the heated discussion in the popular press about the wealth...