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Journal Article
The emergence of the venture capital industry
Journal Article
Defense cutbacks and the New England economy
Defense is a regrettable expenditure. Like law enforcement and insurance, defense spending may be necessary but intrinsically it does not make us feel better off in the same way as, for example, housing, transportation services, and education. Thus the reductions in East- West tensions that enable us to allocate more dollars to items that directly improve living standards should be welcome. ; Nevertheless, adjustment to a lower level of defense spending has costs. Reduced demand for defense services will cause disruptions for defense-oriented companies and their workers. Concern is especially ...
Journal Article
Further base broadening: a possible source of tax revenues?
Journal Article
Financial intermediaries under value-added taxation
Journal Article
Retrospective of the 1980s
Journal Article
Lessons from federal reform of business taxes
Journal Article
Is leverage a tax dodge--or not?
In passing the Tax Reform Act of 1986, policymakers wanted to ensure that corporations would pay their fair share of tax. Congress broadened the corporate tax base, rescinded the investment tax credit, and instituted a new minimum tax. The issue of adequate tax payments has not gone away, however, because corporations have been taking larger interest deductions as a result of having substituted debt for equity on their balance sheets. ; This study begins by measuring the aggregate tax consequences of corporate leverage decisions. It also examines the tax implications of recent transactions in ...
Journal Article
Planning for New England's electricity requirements