Fossen, Frank M.; Rees, Ray; Rostam-Afschar, Davud; … - 2017
due to tax avoidance or evasion, but increase investment in private businesses that are also worthwhile in the absence of … business income to tax authorities, we show that a fall in the tax rate may increase investment in risky entrepreneurial …, including private business equity. In a system of simultaneous demand equations in first differences, we identify the tax …