We assess the business provisions of the 2017 Tax Cuts and Jobs Act, the biggest corporate tax cut in US history. We draw five lessons. First, corporate tax revenue fell by 40 percent due to the lower rate and more generous expensing. Second, firms with larger declines in their effective tax...

Nach der aktuellen Prognose des Arbeitskreises „Steuerschätzungen“ wird das Steueraufkommen von 600 Mrd. Euro 2012 bis zum Jahr 2017 auf knapp 705 Mrd. Euro steigen. Verfügt der Staat damit über ausreichend hohe Finanzmittel, so dass sich sogar Spielräume für Steuersenkungen bieten? Die...

Der Arbeitskreis Steuerschätzungen hat seine Prognose für das Steueraufkommen abermals nach oben revidiert. Damit können Bund, Länder und Kommunen bis 2016 mit höheren Steuereinnahmen rechnen, als bislang erwartet. Die Mehreinnahmen eröffnen budgetäre Handlungsspielräume, um die kalte...

Do corporate tax increases destroy jobs? And do corporate tax cuts boost employment? Answering these questions has proved empirically challenging. We propose an identification strategy that exploits variation in corporate income tax rates across U.S. states. Comparing contiguous counties...

We study the persistent effects of temporary changes in U.S. federal corporate and personal income tax rates using a narrative identification approach. A corporate income tax cut leads to a sustained increase in GDP and productivity, with peak effects between five and eight years. R&D spending...

This paper studies comprehensive national panel data of local option sales taxes at the monthly frequency. I calculate state-by-month population weighted averages and standard deviations of local sales tax rates. I document ten stylized facts concerning the time series patterns and spatial...

In this paper, both a conjoint analysis and a lab experiment are conducted to analyze the influence of changes in the tax rate and the tax base on the perceived tax burden. Our results show that the majority of individuals do not make rational tax decisions based on the actual tax burden but...

This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the relationships among the main functions of taxation -- notably, raising revenue, redistributing income, and correcting externalities -- and the mapping between these functions and various...

This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the relationships among the main functions of taxation—notably, raising revenue, redistributing income, and correcting externalities—and the mapping between these functions and various...

Die neuen Mitgliedstaaten der Europäischen Union haben ihre nominalen Körperschaftsteuersätze vor ihrem Beitritt stark reduziert. Vielfach wurde befürchtet, dass die geringeren nominalen Steuersätze von restriktiveren Verlustverrechnungsmodalitäten begleitet werden. Dies könnte zu einem...