The optimality of progressive taxation is influenced by various factors including elasticities of response, taxpayers' ability to hide income, the technology of government enforcement, et cetera. In Taxing the Rich, Scheve and Stasavage point to the large increases in taxes on the rich which...

In this experiment, we test whether the Domar-Musgrave model accurately predicts investor behavior in its paradigmatic setting. Our results indicate that investors only scale up their investments in risky assets to the extent predicted by the model when tax rates are relatively low. Moreover, we...

In this paper, we consider the experiments that have been conducted to date on the effects of income taxes on the willingness of investors to take on risk. Interestingly, different experiments yield different conclusions about the effect. Some indicate income taxes increase risk-taking, while...

This paper is intended to offer a modest extension to the common understanding of the common agency model, originally developed in the trade literature to describe interactions between interests groups and politicians, but as applied in recent years to lobbying as it relates to tax policy. The...

This Article incorporates the principles of modern corporate finance and valuation theory into the transfer pricing rules. In particular, I argue that the problem of allocating income among members of a multinational group should be based on the same principles that underlie portfolio...

This paper represents the first event study of corporate expatriations since Desai and Hines (2002), and is the first study to link corporate expatriation behavior to intangibles. Utilizing a bootstrap methodology, the paper demonstrates that corporate expatriation inversions generated...

This paper presents a dynamic version of the common agency model – originally developed in the trade literature to describe interactions between interest groups and politicians – to illustrate that socially responsible activity by corporations may serve as profit-enhancing by increasing...

This paper addresses the chief arguments in favor of restricting tax competition. Taking into account standard economic theory relating to the selection criteria for public goods and the risk-shifting features of the income tax, it is not surprising that the empirical evidence does not support...

This paper tests the response of a cross section of U.S. households to a reduction in the tax cost of holding liquid assets by the 2003 Jobs and Growth Tax Relief Reconciliation Act, whether that response was tax efficient, and the distribution of that response. Empirical results based on...