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作者：HINES, JR
摘要：Many governments tax the foreign income of their firms, using a system that grants credits for foreign taxes paid and permits tax deferral for unrepatriated income. This paper shows that such tax systems encourage firms to restrict their equity stakes in new foreign investments, and to finance their new investments with considerable debt. These incentives exist even when transfer price regulation effectively limits the profit rates foreign subsidiaries can earn. The behavior of the foreign sub...
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作者：KUEHLWEIN, M
摘要：Before 1976, the affluent transferred most of their wealth to their heirs through bequests, not gifts even though gifts faced lower statutory tax rates. This suggests the affluent were not acting altruistically. However, bequests had the advantage that unrealized capital gains were forgiven at the moment of transfer. Taking this into account, I derive true marginal gift and estate tax rates. Contrary to previous research, I find that the affluent failed to equalize these true rates, both befor...
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作者：TURNOVSKY, SJ; OKUYAMA, T
作者单位：National Bureau of Economic Research
摘要：It is sometimes argued that the favorable tax treatment afforded to housing may lead to an oversupply of housing at the expense of capital. This issue is examined in the context of a growing two-sector economy. In the basic model where the rate of time preference is constant and labor is instantaneously sectorally mobile, the long-run response of the capital stock to a tax on housing depends upon the relative capital intensities of the two sectors, while the long-run relative asset price of ho...
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作者：KANNIAINEN, V; SODERSTEN, J
作者单位：Uppsala University; University of Helsinki
摘要：A new approach to understanding the real effects of corporate taxation is suggested. Essentially, by claiming that corporate debt means discipline for the executives, the debt policy of a firm is endogenised. It is then proved that the effective profits tax rate is tied to current and expected future profitability, reflected in the marginal valuation of equity. A theoretically correct effective marginal profits tax rate cannot be estimated from historical figures. Moreover, a new tax neutralit...
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作者：VARIAN, HR
摘要：I examine games involving private contributions to a public good and show that less of the public good will be supplied if agents move sequentially than if they move simultaneously. If the agents bid for the right to move first, the agent who values the public good least will win. If each agent chooses the rate at which he will subsidize the other agent's contributions, the subsidies that support the Lindahl allocation are the unique equilibrium outcome. I also describe two related subsidy-set...
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作者：DINWIDDY, C; TEAL, F
作者单位：University of Oxford
摘要：This paper investigates the relationship between recent theoretical work on the shadow wage rate in a tax-distorted economy and the border-price equivalent methods, recommended by Little and Mirrlees and widely used in project appraisal manuals and empirical applications.
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作者：[Anonymous]
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作者：WEIMANN, J
摘要：In standard public good experiments, it has often been observed that contributions decay and reach their minimum in the final round. Up to now there has been no convincing explanation for this phenomenon. In order to find a solution to this puzzle, a series of experiments are conducted, in which the effects of information about individual behaviour and the effects of contributions of other players on subjects' choices are investigated. Furthermore, the partner-stranger experiment of Andreoni (...
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作者：SWENSON, DL
作者单位：Duke University
摘要：This study empirically examines how taxes shape foreign direct investment, and finds that increased taxes spur inward foreign investment. This finding conforms with theories that recognize that foreign investor response is critically shaped by the tax provisions faced by the foreign investor in his home country, and by the effects of tax reform on pre-tax asset returns. We demonstrate that average tax rates may better proxy tax effects than do effective tax rates. Our findings are more robust ...
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作者：SEITZ, H
摘要：This paper investigates the impact the provision of public capital has on the demand for private inputs using a cost function with public capital included as a fixed unpaid factor of production. The productivity effects of public capital provision are recovered by using duality theory. The model is applied to a panel of 31 two-digit industries of the West German manufacturing industry. It is shown that private and public capital are complements, whereas a substitutive relation emerges for labo...
