The analysis of tax reform can be broken up conceptually into two distinct parts: how the tax changes affect individual or firm choices regarding the level of work, saving, and investment, and; how the changes affect the allocation of such activity across...
There are (at least) two schools of thought over the way football should be played. First, there’s the Jose Mourinho Method‘ the only thing that matters is winning, believes the irascible (and often sacked) Portuguese coach and so if that...
Economic analysis has played a key role in the evaluation of "green tax reform" -- the reorienting of the tax system to concentrate taxes more on "bads" like pollution and less on "goods" like labor effort or capital formation (saving...
Taxes have always been politicized. In modern times, no election passes without each campaign's position on taxes being thoroughly scrutinized. And with economic inequality now at the heart of so much political debate, taxes have become an even more polarizing...
Corporate tax cuts lead to cash hoarding, which lower growth. Recently Prof. Matthew Watson wrote an article for us entitled The Anti-Growth Dynamics of the Competitiveness Agenda, in which he outlined generic reasons, both from a supply side and a demand...
The U.S. tax system has its haters. More than two-thirds of Americans say they dislike or hate doing their taxes. A majority of us complain that our taxes are too high and that the wealthiest among us don't pay their...
Most advanced and emerging market economies according to IMF studies will face a momentous transition towards ageing and shrinking populations. This is expected to have profound implications for economics, financial markets, social stability, and geopolitics. Without action, public pension and health systems will...
JUST about every American chief executive has the same dream: to get out from under the corporate income tax. For many, that means lobbying Congress to change the tax code. But for a growing number, it also involves increasingly creative...
Capital taxes are used to finance a public input and public goods, such as mobile[1] skilled workers and immobile unskilled workers. The early literature on fiscal competition claimed that competition for mobile factors would drive down taxes to inefficiently low...
A large part from us would say that it is useless to begin again the fight against corruption, as it is accepted as a moral norm of society. Others would say that corruption is a global phenomenon and is an...
