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The Concept of Income and Tax Policy
Richardson, Ivor - 2015
This paper describes the relevance to lawyers and law students of the concept of income for tax purposes and tax policy … legislation which reflect the changing perceptions of the public policies involved. Concerning the concept of income, there is a … discussion of the difference between economists' definition of income and the judicial approach. Giving as examples the …
Persistent link: https://www.econbiz.de/10013036637
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State Without Taxes
Aliev, Arslan - 2015
The Russian version can be found at 'http://ssrn.com/abstract=2532149' http://ssrn.com/abstract=2677060.Life without taxes - not only a possibility, but a vital necessity. Taxes must be abolished and replaced with a new system of sustaining the budget drawing on payments for the use of national...
Persistent link: https://www.econbiz.de/10013013373
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Optimal Financial Repression
Norkina, Olga Alekseevna - 2014
and capital income taxation are not perfect substitutes. The optimal degree of financial repression depends on the growth …
Persistent link: https://www.econbiz.de/10013040492
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Lifecycle impacts of the financial and economic crisis on household optimal consumption, portfolio choice, and labor supply
Chai, Jingjing; Maurer, Raimond; Mitchell, Olivia S.; … - 2011
-varying investment opportunities and countercyclical risky labor income dynamics. We show that households near retirement will reduce …
Persistent link: https://www.econbiz.de/10009305828
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Ownership Structure, Tax Regime, and Dividend Smoothing : International Evidence
Shinozaki, Shinya - 2014
We investigate dividend smoothing behaviors of approximately 6,000 firms from 28 countries. The data find a wide variation in the extent of dividend smoothing across countries, while US firms smooth dividends the most. Firms with a concentrated ownership structure adjust their dividends quickly,...
Persistent link: https://www.econbiz.de/10013065545
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The elasticity of taxable income in the presence of intertemporal income shifting
Gorry, Aspen; Hubbard, R. Glenn; Mathur, Aparna - In: National tax journal 74 (2021) 1, pp. 45-73
Persistent link: https://www.econbiz.de/10012548863
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Do Temporary Business Tax Cuts Matter? A General Equilibrium Analysis
Gbohoui, William - 2019
This paper develops a dynamic general equilibrium model to assess the effects oftemporary business tax cuts. First, the analysis extends the Ricardian equivalence result toan environment with production and establishes that a temporary tax cut financed by afuture tax-increase has no real effect...
Persistent link: https://www.econbiz.de/10012889161
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Caught between Scylla and Charybdis? : regulating bank leverage when there is rent seeking and risk shifting
Acharya, Viral V.; Mehran, Hamid; Thakor, Anjan V. - 2010 - Rev.
Banks face two different kinds of moral hazard problems: asset substitution by shareholders (e.g., making risky, negative net present value loans) and managerial rent seeking (e.g., investing in inefficient “pet” projects and consuming perquisites that yield private benefits). The privately...
Persistent link: https://www.econbiz.de/10008657183
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Caught between Scylla and Charybdis? Regulating Bank Leverage When There is Rent Seeking and Risk Shifting
Acharya, Viral V. - 2015
We develop a theory of optimal bank leverage in which the benefit of debt in inducing loan monitoring is balanced against the benefit of equity in attenuating risk-shifting. However, faced with socially-costly correlated bank failures, regulators bail out creditors. Anticipation of this...
Persistent link: https://www.econbiz.de/10013038182
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Caught between Scylla and Charybdis? Regulating Bank Leverage When There is Rent-Seeking and Risk-Shifting
Acharya, Viral V. - 2015
We develop a theory of optimal bank leverage in which the benefit of debt in inducing loan monitoring is balanced against the benefit of equity in attenuating risk-shifting. However, faced with socially-costly correlated bank failures, regulators bail out creditors. Anticipation of this...
Persistent link: https://www.econbiz.de/10013038378