from taxes on intermediate inputs or consumer goods, and derives a practical alternative to this formula. We use an … analytically tractable general equilibrium model to reveal how interactions with pre-existing taxes in other markets critically … affect the excess burden of new taxes on intermediate inputs or consumer goods. The usual excess-burden formula ignores these …

We analyze the dynamic macroeconomic effects of border adjustment taxes, both when they are a feature of corporate tax … reform (C-BAT) and for the case of value added taxes (VAT). Our analysis arrives at the following main conclusions. First, C …. Lastly, border taxes increase government revenues in periods of trade deficit, however, given the net foreign asset position …

endowment shocks. The government's insurance motive generates pro-cyclical taxes on capital income. If the government could …