replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key channels are at play. The first … channel is the shift from an income tax to a cash-flow tax. This channel induces the corporate sector to invest more, boosting …

. Then, it elaborates on more granular tax policy, discussing key choices in the structure of the personal income tax on … labor and capital income, taxes on wealth, the corporate income tax, and consumption taxes. The paper concludes by …

. The strength of this effect differs with firm size, the availability of collateral, income and income volatility, cash …

How can Low-Income Countries (LICs) enhance tax revenue collection to finance their vast development needs? We address …

investigate their capital market implications in the United States by looking at price and trade reactions, information asymmetry … information in stress tests, especially at times of financial distress. Moreover, public disclosure seems to help reduce … private incentives to generate information or to have led to distorted incentives …

information (data collection and processing) and communication (relationships and distribution). Both follow historic trends … towards an increased use of hard information and less in-person interaction, which are accelerating rapidly. We point to more …

Wurgler, 2005) to provide a good explanation for many of our findings. Some results, though, suggest that information …

We revisit Lipset‘s law, which posits a positive and significant relationship between income and democracy. Using … dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relationship between income and … democracy: higher/lower incomes per capita hinder/trigger democratization. Decomposing overall income per capita into its …