Seemingly common-sense taxation approaches raise issues of equity, tax administration, and unintended economic consequences.

The author concludes that fiscal policy is a more potent countercyclival tool than monetary policy under flexible exchange rates.

This analysis compares the current tax system with one that would exempt the foreign dividends of American corporations from U.S. taxes.

Seemingly common-sense taxation approaches raise issues of equity, tax administration, and unintended economic consequences.

This analysis compares the current tax system with one that would exempt the foreign dividends of American corporations from U.S. taxes.

The author concludes that fiscal policy is a more potent countercyclival tool than monetary policy under flexible exchange rates.

The paper measures economic loss from the problem of inadequate collateral in Bulgaria and proposes solutions consisting of creation of security interests, perfection, and enforcement.