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taxes on top personal incomes, corporate income and wealth are detrimental to growth and employment and/or will foster tax … taxation. Furthermore, from a Keynesian macroeconomic perspective redistribution may even be systematically conducive to growth …
Persistent link: https://www.econbiz.de/10010519198
There is substantial disagreement about the consequences of the Tax Cuts and Jobs Act (TCJA) of 2017, which constitutes the most extensive tax reform in the United States in more than 30 years. Using a large-scale two-country dynamic general equilibrium model with nominal rigidities, we find...
Persistent link: https://www.econbiz.de/10011989723
There is substantial disagreement about the consequences of the Tax Cuts and Jobs Act (TCJA) of 2017, which constitutes the most extensive tax reform in the United States in more than 30 years. Using a large-scale two-country dynamic general equilibrium model with nominal rigidities, the authors...
Persistent link: https://www.econbiz.de/10011992385
maintain above seven percent continuous growth rate in output, investment and physical capital. It also promotes expansion in … production sectors, growth of income and employment over time, the redistribution of income among households in India. While GST … direct and indirect taxes will bring speedier growth of income and employment along with more balanced distribution of income …
Persistent link: https://www.econbiz.de/10013248008
The goal of this article is to analyze the impact of equity tax shields, that were allowed in Austria from 2000 to 2004, on the capital structure of Austrian firms, both at book values and at market values. We see that the choice of the leverage ratio determines whether or not one can find an...
Persistent link: https://www.econbiz.de/10013134447
-binding investment credit limit. Permanent dividend tax reforms distort capital investment decisions in the binding long-run equilibrium …
Persistent link: https://www.econbiz.de/10014079906
-term growth and welfare in a currency union that faces fiscal rule constraints and inequality. To address this ongoing government … three fiscal policy strategies. Results demonstrate that the effectiveness of universal basic income on long-term growth … completely eliminating oil subsidies appears to be the best policy for reducing inequality while increasing growth and welfare …
Persistent link: https://www.econbiz.de/10014414077
interpretation of the produced results. -- Tax reform ; anticipation effects ; investment ; economic growth ; welfare ; corporate … dynamics of important variables like firm value, dividend payout, and investment differs qualitatively depending on whether the …
Persistent link: https://www.econbiz.de/10003748089
dynamics of important variables like firm value, dividend payout, and investment differs qualitatively depending on whether the …
Persistent link: https://www.econbiz.de/10012723272
US intend to expand US investment in response to the reform, in particular large firms and manufacturing companies. The … effects on investment in Germany are ambiguous: While some firms substitute between investment locations, others expand in … negative impact on tax revenues and investment in countries with close economic ties to the US. …
Persistent link: https://www.econbiz.de/10012251340