Federal Taxation of Gifts, Trusts and Estates

INCOME TRUSTS AND SHAREHOLDER TAXATION: GETTING IT RIGHT By

Parenthood, genes, and gametes: the family law and trusts and estates perspectives.

Optimal Taxation in a Federal System of Governments

This paper demonstrates that the optimal structure of taxation in a federal system of governments is one in which only lower level governments are allowed to tax, and the higher level of government receives its revenues as contributions from the lower level governments. The central inefficiency created when multiple levels are allowed to tax is a revenue externality between governments that is ...

Industrial Estates

Environmental regulators have access to a large set of policy tools and instruments to create incentives for industrial facilities to abate pollution. Command and control is one approach where pollution standards for emissions or effluence are set, and fines and penalties are assessed against non-compliant facilities. Other options include pollution charges, tradable permits, voluntary particip...

On the Effects of Federal Capital Taxation on Growing and Declining Areas

It has often been claimed that measures designed to stimulate capital formation at the national level will accelerate the decline of regions that are not growing. A number of simple models are employed to evaluate this claim, and it is found that the effect of national subsidies is ambiguous. Further, it is shown that on average the form of capital stimulus used in the Economic Recovery Tax Act...