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Cai, Jing - 2011

"We explore the impact of a tax reform in some provinces of China which eliminated the value-added tax on some investment goods. While the goal of the experiment was to encourage upgrading of technology, our results suggest that there was no evident increase overall in fixed investment, and...

Persistent link: https://www.econbiz.de/10011395531

Tax Policy and the Heterogeneous Costs of Homeownership

Bishop, Kelly C.; Dowling, Jakob; Kuminoff, Nicolai V.; … - National Bureau of Economic Research - 2023

The real economic cost of homeownership depends on an intricate system of taxes and subsides that vary over time and …

Persistent link: https://www.econbiz.de/10014436955

Preemptive Austerity with Rollover Risk

Conesa, Juan Carlos; Kehoe, Timothy Jerome - National Bureau of Economic Research - 2023

By preemptive austerity, we mean a policy that increases taxes to deter potential rollover crises. The policy is so … eliminates the danger. Mechanically, high taxes make the safe zone in the model -- the set of sovereign debt levels for which the … reduce the level of debt to a point where, asymptotically, high taxes are no longer necessary …

Persistent link: https://www.econbiz.de/10014436959

Distributional Tax Analysis in Theory and Practice : Harberger Meets Diamond-Mirrlees

Saez, Emmanuel; Zucman, Gabriel - National Bureau of Economic Research - 2023

This paper proposes a new framework to study the distribution of taxes and the effects of tax reforms, connecting … classical tax incidence analysis to optimal tax theory. To study the distribution of current taxes, labor taxes are assigned to … the corresponding workers, capital taxes to the corresponding asset owners, and consumption taxes to consumers. The tax …

Persistent link: https://www.econbiz.de/10014437043

How Much Are the Poor Losing From Tax Competition?

Muñoz, Mathilde - National Bureau of Economic Research - 2023

This paper quantifies the unequal welfare effects of tax competition. I derive the optimal tax and transfer schedules in a free mobility union composed of countries that can either compete or set a uniform federal tax rate. In the absence of fiscal coordination, governments internalize that any...

Persistent link: https://www.econbiz.de/10014437051

Limits to Competition : Strategies for Promoting Jurisdictional Cooperation

Agrawal, David R. - National Bureau of Economic Research - 2023

Inefficiencies from tax competition may result in governments seeking to limit fiscal competition via tax treaties, harmonization, minimum tax rates, or interjurisdictional cooperation. I propose a general model applicable to studying many types of taxing instruments, which allows for the...

Persistent link: https://www.econbiz.de/10014372417

Optimal Income Taxation and Charitable Giving

Kaplow, Louis - National Bureau of Economic Research - 2023

The philanthropic sector is highly consequential, particularly in the United States, and the most important policies directed toward this sector are tax policies. Yet most economic analysis of the optimal tax treatment of charitable giving is ad hoc, treating it as a subject unto itself. This...

Persistent link: https://www.econbiz.de/10014421177

Tax Policy and Investment in a Global Economy

Chodorow-Reich, Gabriel; Smith, Matthew; Zidar, Owen M.; … - National Bureau of Economic Research - 2024

We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form estimates from tax data with a global investment model, we estimate responses, identify parameters, and conduct counterfactuals. Domestic investment of firms with the mean tax change increases 20% versus a no-change baseline. Due...

Persistent link: https://www.econbiz.de/10014512034

Behavioral Responses to Wealth Taxation : Evidence from Colombia

Londoño Vélez, Juliana; Ávila Mahecha, Javier - National Bureau of Economic Research - 2024

We study behavioral responses to personal wealth taxes in Colombia. We utilize tax microdata from 1993 to 2016 linked …

Persistent link: https://www.econbiz.de/10014486226

Taxing Top Wealth : Migration Responses and their Aggregate Economic Implications

Jakobsen, Katrine; Kleven, Henrik Jacobsen; Kolsrud, Jonas - National Bureau of Economic Research - 2024

Using administrative data on wealth, firm ownership structure, and migration in Sweden and Denmark, we document international migration patterns among the very wealthy, their impact on the economy, and how they respond to wealth taxation. We show that more than 20% of taxpayers liable to pay...

Persistent link: https://www.econbiz.de/10014486244