This paper provides a description of issues that are important in determining the macroeconomic effects of tax policy changes. We discuss the role of assumptions about general macroeconomic modeling issues like market behavioral parameters, and the actions of fiscal and monetary authorities....

Intro -- Contents -- Contributors -- List of Figures -- List of Tables -- Foreword by James A. Baker III -- Preface -- Introduction: Is It Time for Fundamental Tax Reform? -- I Overviews -- 1 Tax Reform in the Twenty-first Century -- 2 Simplifying Assumptions: How Might the Politics of...

We consider a model in which business public services must be financed with either a source-based tax on mobile capital, such as a property tax, or a tax on production, such as an origin-based VAT and assess which of the two tax instruments is more efficient. In general, both a capital tax and a...

In this dissertation, I develop a dynamic general equilibrium simulation model with overlapping generations divided into 12 lifetime income groups to examine the economic effects of replacing the current U.S. federal personal and corporate income tax system with a broad-based consumption tax....

This dissertation consists of three essays on the taxation of capital income. The first essay examines the effects of the interactions of home and host country tax provisions on capital investment decisions by a U.S. multinational before and after a capital-importing country switches from a...