Virtually every tax system relies upon accurate asset valuations. In some cases, this is an easy identification exercise, and the exact fair market value of an asset is readily ascertainable. Often, however, the reverse is true, and ascertaining an asset’s fair market value yields, at best, a...

This study estimates the effect of the combined (Federal and state) estate, inheritance, and gift (EIG) tax burden per decedent on the number of firms in the United States. Estimates are based on a longitudinal panel of 50 American states from 1988 to 2006. We find that the growth in the EIG tax...

Almost all tax reforms in Israel since 1996 were ‘gradual’, ‘fine-tuning-style', and eventually had zero impact on the economic growth rate. The only exemption – corporate tax rate lowering was caused by the pressure of international competition. Some data and references are provided to...

The influence of Special Economic Zones (SEZ) on the host country's economy has been studied for several decades now. A great number of theoretical papers using models to demonstrate SEZ importance for local development have been produced. However, purely empirical studies utilising the...

As economic integration within the European Union (EU) progresses, the interactions between the tax systems of the Member States are of growing importance. Member State tax policies can have spillover effects on other Member States and differing abilities to provide net fiscal benefits to...

This paper analyses how different tax policies can affect investment and productivity. To address this question the paper uses industry-level data from a set of OECD countries and examines whether different industries are affected differently by taxation. Investment is shown to respond...

The paper aimed to estimate the effects of the 2013 new fiscal policy, by broadening the taxation basis of agricultural incomes on almost all types of crops and animal species as well as on small farmers represented by unauthorized and authorized natural persons. Public statistical data of the...

The aim of this article is an extensive presentation of the fiscal policy conducted by the EU states in the years 2008-2015. The analysis concerns the legal regulations introduced at the EU level by the European Parliament and the Council, as well as the fiscal policies of governments of...

In this paper we provide short- and long-run tax buoyancy estimates for a panel of OECD countries. Our results indicate that total tax revenue estimates are not different from unity, corporate income tax buoyancies exceed unity both in the long- and the short-run, while personal income tax...

The common VAT system adopted by EU member states comprises a set of various rates, which differentiate the goods and services subject to this tax. However, from a technical and management point of view, it would be preferable to adopt a single tax rate as it reduces distortions and facilitates...