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Smart, Michael - 2007

A simple theory suggests that a common form of federal horizontal equalization grants should cause subnational governments to levy higher tax rates, distorting local tax bases and so increasing federal transfers. To test this, I examine Canadian provincial tax policies in the 1972-2002 period....

Persistent link: https://www.econbiz.de/10012777492

Optimal Investment and Financial Strategies Under Tax Rate Uncertainty

Fedele, Alessandro - 2010

In this paper we apply a real-option model to study the effects of tax rate uncertainty on a firm's decisions. In doing so, we depart from the relevant literature, which focuses on fully equity-financed investment project. By letting a representative firm borrow optimally, we show that debt...

Persistent link: https://www.econbiz.de/10013144647

Do Governments Tax Agglomeration Rents?

Koh, Hyun-Ju - 2010

Using the German local business tax as a testing ground, we empirically investigate the impact of firm agglomeration on municipal tax setting behavior. The analysis exploits a rich data source on the population of German firms to construct detailed measures for the communities' agglomeration...

Persistent link: https://www.econbiz.de/10013146982

Corporate Income Taxation of Multinationals and Unemployment

Eichner, Thomas; Runkel, Marco - 2021

Within a two-country model with involuntary unemployment, this paper investigates corporate income taxation under separate accounting versus formula apportionment. In contrast to separate accounting, under formula apportionment the corporate tax policy causes a fiscal externality which goes back...

Persistent link: https://www.econbiz.de/10013317278

Optimal Utilitarian Taxation and Horizontal Equity

Jordahl, Henrik; Micheletto, Luca - CESifo - 2003

We impose a horizontal equity restriction on the problem of finding the optimal utilitarian tax mix. The horizontal equity constraint requires that individuals with the same ability have to pay the same amount of taxes regardless of their preferences for leisure. Contrary to normal findings, we...

Persistent link: https://www.econbiz.de/10005181477

The Malleability of Undiscounted Utilitarianism as a Criterion of Intergenerational Justice

Asheim, Geir B.; Buchholz, Wolfgang - CESifo - 2000

Undiscounted utilitarianism as a criterion of intergeneration justice has been questioned for different reasons: It has … allocation must involve discounting, and (2) that undiscounted utilitarianism subjects the present generation to heavy demands …-nologies) that undiscounted utilitarianism is so malleable that any efficient and non-decreasing allocation can be the unique optimum …

Persistent link: https://www.econbiz.de/10005405840