The recent US tax reform, Tax Cuts and Jobs Act of 2017, lowered the statutory corporate income tax rates and brought other important changes for the taxation of multinational enterprises worldwide. This paper reviews these changes and discusses their effects for effective tax rates and tax...

"The Tax Reform Act of 1986 was a powerful pro-growth force for the American economy. Equally important, as we look back on it after 25 years, we also see that it taught us two important lessons. First, it showed that politicians with very different political philosophies on the right and on the...

This paper reviews the provisions and possible effects of the U.S. Tax Reform Act of 1986. The literature on the potential effects of tax reform on labor supply, household consumption and saving, and business fixed investment is surveyed, and a model of business fixed investment in the United...

This paper studies the coevolution of the fall in the US corporate sector labor share and the rise of business activity in tax-preferred, pass-through form. Reallocating activity to the form it would have taken prior to the Tax Reform Act of 1986 accounts for one third of the decline in the...

Ronald Reagan hat zu Beginn der 80er Jahre in den Vereinigten Staaten eine Wende zur angebotsorientierten Wirtschaftspolitik (Supply-Side Policy) eingeleitet. Im Rahmen dieser «neuen» Wirtschaftspolitik wurden insbesondere die Spitzensteuersätze massiv gesenkt. Auf der konzeptionellen...

This paper examines the short- and long-run effects of U.S. federal personal income and corporate income tax cuts on a wide array of economic policy variables in a data-rich environment. Using a panel of U.S. macroeconomic data set, made up of 132 quarterly macroeconomic series for 1959-2018,...