Results The study found that long-term care was defined as the care provided by formal professional health care staffs and informal staffs to people who were unable to live their lives on their own because of functional limiting health problems such as chronic illnesses in elderly people. The systems of care that affected the quality of life of clients consisted of biological, psychological and...

This paper uses a survey-based approach to test alternative methods of channeling tax relief to donors – as a tax rebate for the donor or as a matched payment to the receiving charity. On accounting grounds these two are equivalent but, in line with earlier experimental studies, we find that gross donations are significantly more responsive to a match change than to a rebate change. We show tha...

This paper uses a dynamic general equilibrium model to analyze and quantify the aggregate effects of the timing of the tax rate changes enacted in 2001 and 2003. The 2001 law called for a sequence of successive rate reductions from 2001 until 2006. The 2003 law made immediate the tax rate cuts scheduled for 2004 and 2006 under the earlier law. The phased-in nature of the tax cuts under the 2001...

I present a unified framework to analyze debt relief and macroprudential policies in a liquidity trap when households have private information. I develop a model with a deleveragingdriven recession and a liquidity trap in which households differ in their impatience, which is unobservable. Ex post debt relief stimulates the economy, but anticipated debt relief encourages overborrowing ex ante, m...

We provide a new explanation for cross-sectional variation in dividend tax capitalization. Our analysis is twofold. First, we conduct a theoretical analysis that shows that liquidity (illiquidity) mitigates (magnifies) the positive effect of dividend taxes on expected rates of return documented in prior literature. Second, we conduct an empirical analysis centered around the Jobs and Growth Tax...

The COVID-19 health crisis has put unprecedented strains on the ability of both governments and taxpayers to carry out normal activities. Cross-border withholding tax relief procedures, frequently reliant paper-based processes, are one area that been particularly affected, creating challenges for taxpayers, financial institutions administrations alike. This document contains administrative meas...

Article history: Received 12 November 2009 Received in revised form 27 July 2010 Accepted 28 July 2010 Available online 6 August 2010 We provide new evidence that differences in international tax rates and tax regimes affect multinational firms' debt location decisions. Our sample contains 8287 debt issues from 2437 firms headquartered in 23 different countries with debt-issuing subsidiaries in...