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Stock Market Reactions to Legislated Tax Changes: Evidence from the United States, Germany, and the United Kingdom

Hayo, Bernd; Mierzwa, Sascha - 2020

We study the effect of tax policy on stock market returns in the United States, Germany, and the United Kingdom using GARCH models and a unique daily dataset of legislative tax changes during the period 1 December 1978 to 31 January 2018. We find that days of discretionary tax legislation during...

Persistent link: https://www.econbiz.de/10012543679

Modeling Distortionary Taxation

Panagiotis, Chronis - Bank of Greece - 2009

There has been a lot of discussion recently regarding the macroeconomic consequences of a distortionary taxation system. However the way this distortionary taxation scheme or instrument is modeled in macroeconomic analysis, as well as the ability of these models to capture the effects implied by...

Persistent link: https://www.econbiz.de/10004983548

Capital Income Taxation in a Growing Open Economy

Nielsen, Søren Bo; Sørensen, Peter Birch - Økonomisk Institut, Københavns Universitet - 1989

The paper studies the dynamic macroeconomic effects of various forms of capital income taxation in a model of a small open economy with perfect mobility of financial capital and intertemporal optimization on the part of households and firms. One of the noteworthy results is that the introduction...

Persistent link: https://www.econbiz.de/10005225430

Federal Tax Update : Important Developments in Federal Income, Estate & Gift Taxation Affecting Individuals - August, 2006 to August, 2007

Donaldson, Samuel A. - 2012

This update explains several developments in the substantive federal income, estate and gift tax laws affecting individual taxpayers and small businesses. It contains summaries of significant cases, rulings, regulations, legislation and other matters from August, 2006, through September, 2007....

Persistent link: https://www.econbiz.de/10014223488

The Household Expenditure Response to a Consumption Tax Rate Increase

Cashin, David B. - 2017

This study measures the effect of an increase in Japan's Value Added Tax rate on the timing of household expenditures and consumption, which do not necessarily coincide. The analysis finds that durable and storable expenditures surged in the month prior to the tax rate increase, fell sharply...

Persistent link: https://www.econbiz.de/10014121977

The Impact of Taxes on Income Mobility

Alloza, Mario - 2017

This paper investigates how taxes affect relative mobility in the income distribution in the US. Household panel data drawn from the PSID between 1967 and 1996 is employed to analyse the relationship between marginal tax rates and the probability of staying in the same income decile. Exogenous...

Persistent link: https://www.econbiz.de/10012950954

The Concept of Income and Tax Policy

Richardson, Ivor - 2015

This paper describes the relevance to lawyers and law students of the concept of income for tax purposes and tax policy. Three reasons are given for law practitioners to have an understanding of the policies underlying tax legislation: the complexity of the legislation; the fact that it can...

Persistent link: https://www.econbiz.de/10013036637

Source, Residence and Nationality in Income Tax Matters : Between International Tax Rules and EU Law

Garcia Prats, Francisco Alfredo - 2014

Persistent link: https://www.econbiz.de/10013039625

Optimal Progressive Income Taxation in a Bewley-Grossman Framework

Tran, Chung - 2018

We study optimal income tax progressivity in an environment where individuals are exposed to idiosyncratic income and … government is required to set higher optimal levels of tax progressivity in order to provide more social insurance for unhealthy … progressivity (Suits) index a Gini coefficient for income tax contributions by income of the optimal tax system is around 0 …

Persistent link: https://www.econbiz.de/10012916804

No More Second-Class Taxpayers : How Income Splitting Can Bring Fairness to Canada's Single-Income Families

Krzepkowski, Matt - 2013

The Canadian personal income tax system does not pay much attention to whether the amount of money an individual brings home is supplemented by the income of a spouse or not. That means that families where one spouse earns more than the other get taxed at a higher rate than families where two...

Persistent link: https://www.econbiz.de/10013082245