The public misunderstands many aspects of the tax system. For example, people frequently misunderstand how marginal tax rates work, misperceive their own average tax rates, and believe they benefit from tax deductions for which they are ineligible. Such confusion is understandable given the...

This study investigates the tax buoyancy effects in VAT, corporate income tax (CIT) and personal income tax (PIT) revenue in Greece based on previous IMF and OECD studies. The paper finds that the implied estimated elasticity of VAT, PIT and CIT revenue to GDP will be 1.2-1.3, 1.7-1.9 and...

Who is responsible for paying taxes to the government? Currently, the answer depends on one’s employment status. Employees enjoy the luxury of not having to think about tax remittance during the year because their employers withhold taxes from their paychecks. Non-employees, on the other hand,...

This article explains the simple regulatory actions that United States Department of the Treasury can take that would, in the absence of legislative change, improve the lives of Americans living overseas and permit the IRS to better focus its limited resources to more effectively administer the...

In this first law review article on the subject of sec. 419A(f)(6) multiple employer welfare plans, the authors examine the purposes of welfare plans, the history of VEBAs and welfare plans, all relevant case law, and the basis for IRS litigation in the area. The article examines recent private...

We study the performance of the bunching-based elasticity estimator when income adjustments are lumpy. In our parsimonious model, taxpayers choose their preferred income from random opportunity sets. The model features the standard elasticity of taxable income and a single additional...

I assess the macroeconomic and redistributive effects of tax reforms aimed at increasing tax revenue in Spain. To this end, I develop a theory of entrepreneurship that mimics key facts on the wealth and income distribution in Spain. I find two reforms that raise fiscal pressure in Spain to the...

American emigrants face many consequences from the extraterritorial application of U.S. taxation and banking policies. Their names, addresses, and Social Security numbers are collected, placed on lists of “suspected U.S. persons,” and submitted to a “Crimes Enforcement Network.” They...

A recent IRS working paper on the wealth of U.S. persons held outside the United States confirms that overseas Americans are not "fat cats." Rather, they are ordinary people with ordinary income and wealth

This is the second in a series of sixteen papers about the U.S. extraterritorial tax system.This paper summarizes the findings of three recent surveys conducted to better understand how overseas Americans experience U.S. extraterritorial taxation.The three surveys discussed in this paper expose...