status imposes on others. In a model where status depends on both income and effort, we show that the optimal corrective tax …

This paper evaluates optimal public investment and fiscal policy for countries characterized by limited tax and debt … effective tax rate. We show how persistent differences in growth rates across countries could stem from differential public … constant in the economy with or without a binding constraint on tax revenues as a share of GDP current non-durable public goods …

wage tax, a payroll tax, or a profit tax. Using a Melitz-type model of international trade with unionized labour markets … and heterogeneous workers we show that: (i) UB financed by a wage tax reduce aggregate employment but increase welfare … measured by per capita output. (ii) UB financed by a payroll tax reduce aggregate employment and welfare. If UB exceeds a well …

wage tax, a payroll tax, or a profit tax. Using a Melitz-type model of international trade with unionized labor markets and … UB: 1. wage tax, 2. profit tax, 3. Payroll tax. …

wage tax, a payroll tax, or a profit tax. Using a Melitz-type model of international trade with unionized labour markets … and heterogeneous workers we show that: (i) UB financed by a wage tax reduce aggregate employment but increase welfare … measured by per capita output. (ii) UB financed by a payroll tax reduce aggregate employment and welfare. If UB exceeds a well …

an income tax alters the tradeoff between asset liquidity and yield because: (1) high yields from illiquid assets are … the absence of an income tax. These distortions foster an excessively large financial sector, which exists in large part … to create (tax-favored) liquidity. The tax wedge between liquidity and yield also creates clientele effects, in which low …

Tax transparency is defined as the symmetry of information between tax authorities and taxpayers …

technology. The better approach is to tax reward tokens when they are sold or exchanged.In this two-part report, Sutherland … concludes that for both proof-of-work and proof-of-stake cryptocurrencies, the best approach is to tax reward tokens only when …