New Zealand is unique in the OECD. It had an R&D tax credit but it was only in force for one tax year. There are currently no plans in place to reintroduce such a credit. There are, though, a number of provisions in the tax code that are R&D incentives in the strict sense of the term. While...

The Aloha State has been on the front line of justice for decades, including tax justice. This is the story of a two-decade-plus journey of the Hawaii earned income tax credit — including how the state might better serve financially challenged residents as they navigate the global pandemic’s...

This paper analyzes the role of Tax Incentives in promoting investment, their effectiveness and their revenue and other costs and political economy. The paper consolidates econometric work on the topic done by the authors covering the Caribbean, Francophone Africa and India; surveys of Investors...

This paper will discuss the creation of a system-wide quality service agenda for tax preparation for low-income families, with the chief focus on the Earned Income Tax Credit (“EITC”). The EITC is an important anti-poverty measure for low-income families. Therefore its administration will...

The traditional model of public education continues to be challenged by advocates of school choice. Typically associated with charter schools, magnet schools, and tuition voucher programs, these advocates have recently introduced a new school choice plan, namely tax credit scholarship programs....

Up to one-third of the money invested in hedge funds comes from tax-exempt entities. However, the tax law prevents tax-exempt entities from investing directly or indirectly with borrowed money. This limitation prevents tax-exempt entities from investing in U.S. hedge funds, and instead forces...

We develop a model that allows for public goods and status signaling through charitable contributions. This model provides a unified framework in which contributions are driven both by altruism and status signaling. We use this setup to re-examine the conventional practice of rendering a...

This Congressional testimony has two parts. Part I discusses the implications that choice of rationale for the charitable deduction has on reform options such as credits, caps, a nonitemizer deduction, scope of eligible donees, and deducting unrealized appreciation. Part II concerns the...