It’s time to eliminate the US corporate income tax

Laurence J. Kotlikoff, 14 January 2014

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Perhaps the most maddening aspect of America’s dangerous government’s political infighting is the failure of politicians in both parties to agree to reforms on which they agree.

Topics: Taxation
Tags: corporate income tax, taxation, US

Who benefits from state corporate tax cuts? A local labour markets approach with heterogeneous firms

Owen Zidar, 13 December 2013

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State and local governments have been increasing business location incentives and cutting corporate taxes to attract businesses to their jurisdictions. For instance, Jay Inslee, the Gov. of Washington, recently passed a $9 billion corporate tax package for Boeing to retain its manufacturing base near Seattle. It is the largest corporate tax break any state has ever granted a company.

Topics: Taxation
Tags: economic geography, taxation

Tax policy in (and for) hard times

Michael Keen, 16 October 2013

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Tax policy, like everything else, has been through tough times since the onset of the crisis. First, tax policy was to stimulate the economy (Heady 2011). Now it is to help consolidate the fiscal position – always with considerable urgency and all in the midst of public anger and disquiet.

Topics: Macroeconomic policy, Taxation
Tags: fiscal consolidation, fiscal policy, global crisis, Inequality, taxation, wealth

Removing deadweight loss from economic discourse on income taxation and public spending

Charles F Manski, 18 August 2013

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The anti-tax rhetoric evident in much lay discussion of public policy draws considerable support from the prevalent negative language of professional economic discourse. Economists regularly write about the 'inefficiency', 'deadweight loss', and 'distortion' of income taxation.

Topics: Frontiers of economic research
Tags: efficiency, inefficiency, taxation

France’s weak economic performance: Sick of taxation?

Balázs Égert, 10 May 2013

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France is often labelled these days as one of Europe’s problem children (The Daily Telegraph 2013, Handelsblatt 2013). Indeed, France is one of the OECD countries which has recorded the weakest real per capita income growth over the last two decades or so (Figure 1).

Topics: Europe's nations and regions
Tags: Eurozone crisis, France, reform, taxation

Who really pays social security contributions and labour taxes?

José M. González-Páramo, Ángel Melguizo, 6 February 2013

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For almost two decades, a common policy recommendation to boost job creation from academic and international institutions has been to reduce social contributions.

Topics: Labour markets, Macroeconomic policy
Tags: fiscal policy, meta-analysis, Social security, taxation

Are the Nordic countries really less innovative than the US?

Mika Maliranta, Niku Määttänen, Vesa Vihriälä, 19 December 2012

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The cut-throat versus cuddly capitalism distinction (Acemoglu et al. 2012) resonates with widely-held stereotypes. The US is a ‘mean streets’ sort of place to live but the law of the jungle approach to capitalism produces breakthrough innovations.

Topics: Productivity and Innovation
Tags: innovation, Nordic, taxation, US

Impacts of redistribution on the size and composition of the workforce

Casey B. Mulligan, 31 October 2012

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The US economy experienced an unusually deep and prolonged contraction, especially in its labour markets (Federal Reserve 2012). Employment and hours worked fell during 2008 and 2009 for many demographic groups, but disproportionately so among less skilled people, and among the unmarried. As of 2012, labour market activity still remained far below pre-recession levels.

Topics: Labour markets, Taxation
Tags: tax rates, taxation, US

Capital gains taxation and the cost of capital

Harry Huizinga, Johannes Voget, Wolf Wagner, 31 October 2012

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Individuals who sell appreciated shares typically have to pay tax on their capital gains. The US, for instance, currently has a 15% tax on long-term capital gains, which is scheduled to increase to 23.8% in 2013. The average tax rate among OECD countries was 12.6% in 2007.

Topics: International finance
Tags: capital gains, mergers and acquisitions, taxation

Is a European Tobin tax likely to be efficient?

Donato Masciandaro, Francesco Passarelli, 11 January 2012

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Last month, Italian Prime Minister Mario Monti announced that Italy is willing to reconsider its position on the so-called European Tobin tax, which had been opposed by the previous government. The renewed Italian support reinforces the European Commission’s September 2011 proposal to tax financial transactions.

Topics: Politics and economics, Taxation
Tags: financial transaction tax, Italy, taxation, tobin tax

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