Abstract This study examines the effect of investor-level income taxes on profit repatriation and dividend payout policies multinational firms. The empirical estimations include two million firm-year observations in 130 countries. By augmenting Lintner model payments, I employ parametric as well semiparametric techniques to provide evidence that dividends neither alter payments investors nor wi...

The paper provides an extension and a new proof of Deaton’s theorem on the undesirability of nonuniform excise taxation when income taxes are a¢ ne and preferences over consumption goods are separable from labour-leisure choices, homothetic, and identical across agents. Key Words: Optimal Excise Taxes, Atkinson-Stiglitz Theorem, Deaton’s Theorem JEL Classi…cation: H21

We document contemporaneous differences in the aggregate labor supply of married couples across 17 European countries and the US. Based on a model of joint household decision making, we quantify the contribution of international differences in non-linear labor income taxes and consumption taxes, as well as the educational composition, and gender wage gaps and educational premia, to the internat...

income taxes is approximately $1.565 million, implying an aggregate annual compliance cost of over $2 billion. As a fraction of revenue raised, these compliance costs are lower than estimates that have been made for the individual income tax. The cost-to-revenue ratio is higher for state corporate tax systems than it is for the federal tax system, presumably reflecting the nonuniformity of stat...

a r t i c l e i n f o JEL classification: D82 H24 G22 Keywords: Income tax deductions for losses Informed insurer Adverse selection Kaplow (1992) shows in a complete-information environment that allowing income tax deductions for losses as partial insurance is undesirable in the presence of private insurance markets. This paper elaborates on Kaplow's finding by studying two extreme types of asy...

El presente trabajo tiene por objetivo analizar los efectos del Impuesto a la Renta servicio de carácter personal (IRP) en el Paraguay periodo 2012-2016. La metodología empleada fue corte cuali-cuantitativo. Para ello, se inició revisión acervo bibliográfico existente, tanto nivel nacional como internacional, y también datos secundarios obtenidos instituciones gubernamentales. estudio 201...

In 1981, personal saving in the United States was $106.6 billion, or 4.4 percent of personal income? Net corporate saving, as defined by undistributed profits net of estimated economic depreciation, was $49.5 billion, or 44.0 percent of after-tax corporate profits? Thus, net private saving was just 6.0 percent of net national product, which was $2.6 trillion. This level of savings is low by his...

In the context of rapid development economy and information technology, level tax informatization is getting higher higher. The department has obtained a large amount management data. Taxation departments must analyze apply these data in order to grasp deficiencies current work, so as take effective measures improve quality efficiency. This focus work taxation department. process personal incom...