Search Results
Conference Paper
Tax policy and corporate borrowing
Journal Article
Tax reform and investment: how big an impact?
Conference Paper
An overall assessment - is it worth it?
Working Paper
The economic effects of corporate taxes in a stochastic growth model
The Economic Recovery Act of 1981 led to the largest postwar decline in effective tax rates on capital. The legislation also had its most significant effect on rates in 1982 due to the rapid decline in inflation. Although some of the tax cut was rescinded in 1982, effective corporate tax rates on plant and equipment, measured as the difference between before and after-tax rates on return to capital as a percentage of before-tax rates of return, remained at historically low values though 1986. Accompanying this tax cut is the current economic recovery which began in November, 1982. It is ...
Journal Article
Why are corporations holding so much cash?
U.S. corporations are holding record-high amounts of cash. One reason has to do with taxes?both the uncertainty about future taxes and the reality of today?s tax rules. The second reason has to do with the rise of research and development; because of its uncertain nature, this sort of work requires access to high levels of cash.
Discussion Paper
Tax reform and corporate capital structure
Journal Article
Will new business tax dull Texas' competitive edge?
In today's global economy, high corporate tax rates are more harmful than ever because it has become easier for mobile productive resources to cross borders in search of more favorable business climates. ; Nations seem quite aware of this. The European Union's corporate tax rates have fallen by a third over the past decade, with five member states making cuts in 2006 alone. Asian nations, too, have responded to global competition by reducing the tax bite on business. In fact, all members of the Organization for Economic Cooperation and Development impose lower corporate tax rates than they ...