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The financial crisis has opened up a global debate on the taxation of the financial sector. A number of international … financial crisis and whether taxation can play a role in the reform efforts under way to establish a sounder and safer financial …
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from various countries). Despitethe wide variety of potentialtheoretical relationships between government expenditures …, taxation and growth,most empirical analyses arerestricted to simple linear regressions of growth on some measure of …
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government spending, a change in taxation does not alter the set of feasible life-time consumption plans of the households and …
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The 'starving the beast' hypothesis claims that tax cuts lead to lower public spending, rather than higher debt levels and higher taxes in the future. This paper uses the institutional setting of German fiscal federalism to its advantage in order to explore how fiscal policy reacts to exogenous...
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of the Tax Cuts and Jobs Act on US GDP growth. Applying recent reduced form estimates of tax multipliers with the … projected revenue impact of the Act yields a level of GDP that is predicted to be 1.3% higher by 2020, with most of the growth … a similar GDP increase by 2020, but with stronger growth in 2018 and a partial reversal in the following years …
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