Tax Competition Tax Policy And Innovation
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Tax Competition Tax Policy And Innovation
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Author : Yuan Wang
language : en
Publisher:
Release Date : 2017
Tax Competition Tax Policy And Innovation written by Yuan Wang and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with categories.
My research concerns how governments make economic decisions and interact with other governments, to increase social welfare; in particular, my focus lies in the area of taxation and technological innovation. In a globalized economy with mobile capital, increasing interest has been paid to capital tax policy. My research is among the first to examine empirically and explain theoretically the tax competition among states in the U.S. Moreover, I also study how state governments set their tax rates using historical data and explain why the pattern observed is different from the zero-tax theory. Due to the absence of state-level average capital tax rate data, I first construct a panel dataset of average capital income tax rates at the state level for the period 1958-2007 for the capital taxation studies. In Chapter 1, I analyze the tax policy of each individual state government. Empirical evidence implies that tax rates are history-dependent. I provide an alternative explanation for nonzero capital tax rate, reexamining Ramsey's (1927) rule. With a lack of commitment power from government, households form adaptive expectations on capital tax rates. The equilibrium capital tax rate is thus history-dependent with a balanced-budget requirement on state governments. The investment decision combines income and substitution effects, and the U.S. states differ on investment sensitivity to capital tax rates. I provide empirical findings on investment sensitivity for each state, and then a structural model is applied to replicate the empirical. In Chapter 2, I analyze the pattern of strategic interaction on capital tax rates among states in the U.S. This paper is the first to apply MLE estimation of the SAR panel data model with fixed-effects to study tax competition behavior. Through a joint investigation into both tax competition behavior and capital allocation decision, I demonstrate the existence of capital tax competition among states in the South and West, but competition is less significant in the Midwest and Northeast. I then apply a high-order SAR panel data estimation with fixed-effects to study the impact of population growth on tax competition, and results suggest that faster population growth significantly relates to stronger reaction to changes in neighbors' tax policy. I also apply two weighting schemes of neighbors to validate the findings. A two-period structural model with a saving decision is developed to explain this result. The model features a capital dilution effect which is also tested empirically. In Chapter 3, a quality ladder model is developed in which the technology gap between the North and the South is endogenously determined. A stronger intellectual property rights (IPR) in the South discourages imitation and reduces the FDI cycle length. The optimal IPR strength balances two effects, long-run and short-run effects, and it is non-monotonic in the market size and increasing in the number of imitating firms. The social welfare of the South is decreasing in the FDI cycle length, but is decreasing in IPR strength given cycle length.
Coordination And Cooperation
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Author : Brigitte Alepin
language : en
Publisher: Kluwer Law International B.V.
Release Date : 2021-11-25
Coordination And Cooperation written by Brigitte Alepin and has been published by Kluwer Law International B.V. this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-25 with Law categories.
Series on International Taxation #81 The tax landscape today looks dramatically different from how it appeared even a generation ago. Ongoing sweeping changes in information technologies, massive economic downturns, unforeseen catastrophes such as the global pandemic that hit the world in 2020, and ever more sophisticated methods of tax evasion and avoidance are only some of the factors that have perplexed and even confounded tax authorities. This important book provides a comprehensive overview of the global tax challenges confronting tax policy today, with insightful contributions by both well-known tax experts and fresh new voices in the field. The authors address such critical issues as the following: international tax reform initiatives; effects of climate change; tax justice in times of crisis; international tax cooperation; taxing multinationals; role of tax havens; participation and collaboration of developing countries; the growing presence of artificial intelligence and robots; prospects for a green economic recovery; and tax ethics and social inclusiveness. The contributions originated with the groundbreaking tax summit TaxCOOP2020, held online at the peak of the Covid-19 pandemic in October 2020. At a time when tax policy seems poised at the dawn of a fundamental transformation, this inestimable volume will be welcomed by tax practitioners and academics, concerned government officials, businesspeople, international organizations, and non-governmental organizations (NGOs), all of whom will here have access to a variety of points of view and innovative approaches to the future direction of taxation.
Tax Policy For Innovation
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Author : Bronwyn H. Hall
language : en
Publisher:
Release Date : 2019
Tax Policy For Innovation written by Bronwyn H. Hall and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.
A large number of countries around the world now provide some kind of tax incentive to encourage firms to undertake innovative activity. This paper presents the policy rationale for these incentives, discusses their design and potential effectiveness, and reviews the empirical evidence on their actual effectiveness. The focus is on the two most important and most studied incentives: R&D tax credits and super deductions, and IP boxes (reduced corporate taxes in income from patents and other intellectual property).
Tax Policies For Innovation And Competitiveness
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Author : Martin Neil Baily
language : en
Publisher:
Release Date : 1987
Tax Policies For Innovation And Competitiveness written by Martin Neil Baily and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Research categories.
Tax Policy And Innovation
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Author : Eileen L. Collins
language : en
Publisher:
Release Date : 1982
Tax Policy And Innovation written by Eileen L. Collins and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1982 with Income tax categories.
Can Lower Tax Rates Be Bought
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Author : Robert S. Chirinko
language : en
Publisher: DIANE Publishing
Release Date : 2010
Can Lower Tax Rates Be Bought written by Robert S. Chirinko and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Business & Economics categories.
The standard model of strategic tax competition assumes that gov¿t. policymakers are benevolent, acting solely to maximize the utility of the resident in their jurisdiction. But, policymakers also may be influenced by the lobbying behavior of bus. Bus. contrib. may affect tax competition and enhance or retard the mobility of capital across jurisdictions. The authors¿ work uncovers four key results: (1) They document a direct effect of bus. contrib. on tax policy; (2) The economic value of a $1 bus. campaign contrib. in terms of lower state corp. taxes is nearly $4; (3) The slope of the reaction function between tax policy in a given state and the tax policies of its competitive states is negative; (4) Highlights the sensitivity of the empirical results to state effects. Illustrations.
Innovation Through R D Tax Incentives
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Author : Paolo Arginelli
language : en
Publisher:
Release Date : 2023
Innovation Through R D Tax Incentives written by Paolo Arginelli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Innovation is generally considered a cornerstone of sustainable economic growth and prosperity, as well as a key to business success and to the development of emerging economies. This may justify the policy of subsidizing scientific and entrepreneurial activities that could lead to innovation and, thus, to the accumulation of valuable intangible assets, such as know-how, patents, trademarks, copyrights. This policy appears all the more defensible where one considers that the economic benefits of innovation may spill over without charge, which might contribute to render it less attractive for a company to embark upon expensive and uncertain R&D ventures and, thus, lead to market failures. Given the above-mentioned relevance of innovation as a driver to business success and the fact that valuable intangibles are regarded as the corporate assets that contribute for the most part to that success, it is not surprising that the blow-out of the crisis in 2007 has revamped in many states (in particular within the European Union) the policy of providing tax incentives to R&D activities and the result thereof (i.e. valuable intangible assets). Against this background, this article is aimed at identifying the policy goals of current European R&D tax incentives, categorizing their most significant common features, evaluating them in the light of the policy goals pursued and assessing whether and to what extent they may lead to harmful tax competition among countries.Full-text Paper.
International Tax Policy
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Author : Tsilly Dagan
language : en
Publisher: Cambridge University Press
Release Date : 2017-12-14
International Tax Policy written by Tsilly Dagan and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-14 with Business & Economics categories.
Explains why perfecting, rather than curbing, interstate competition would make international taxation both more efficient and more just.
Pareto Improving Minimum Corporate Taxation
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Author : Mr. Shafik Hebous
language : en
Publisher: International Monetary Fund
Release Date : 2021-10-22
Pareto Improving Minimum Corporate Taxation written by Mr. Shafik Hebous and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-22 with Business & Economics categories.
The recent international agreement on a minimum effective corporate tax rate marks a profound change in global tax arrangements. The appropriate level of that minimum, however, has been, and remains, extremely contentious. This paper explores the strategic responses to a minimum tax, which—the policy objective being to change the rules of tax competition game--—are critical for assessing the design and welfare impact of, and prospects for, this fundamental policy innovation. Analysis and calibration plausibly suggest sizable scope for minima that are Pareto-improving, benefiting low as well as high tax countries, over the uncoordinated equilibrium.
Taxes And The Economy
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Author : W. A. Vermeend
language : en
Publisher: Edward Elgar Publishing
Release Date : 2008
Taxes And The Economy written by W. A. Vermeend and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
Since World War II OECD countries have increasingly used taxation to achieve a variety of economic policy objectives of which stimulating economic activity and employment are usually the most important. The tax system is also used to create a favourable climate for investment, to spur business innovation and to promote long-term sustainable environmental policy. More recently, policies have focused on stimulating child care and encouraging citizens to work for longer. This book discusses the effects of taxation on the economy and its development. It aims to provide the reader with the necessary empirical information, while at the same time presenting an overview of the latest theory. In doing so, it touches on many relevant policy issues.