The Experts below are selected from a list of 22245 Experts worldwide ranked by ideXlab platform
Austan Goolsbee - One of the best experts on this subject based on the ideXlab platform.
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the impact of the Corporate Income Tax evidence from state organizational form data
Journal of Public Economics, 2004Co-Authors: Austan GoolsbeeAbstract:Abstract By Taxing the Income of Corporate firms at a different rate than non-Corporate firms, Taxes can play an important role in a firm's choice of organizational form. The sensitivity of the organizational form decision to Tax rates provides a key indicator of the distortion created by the Corporate Income Tax. This paper uses new cross-sectional data on organizational form choices across states compiled in the Census of Retail Trade to estimate this sensitivity. The results document a significant impact of the relative Taxation of Corporate to personal Income on the share of real economic activity that is done by corporations and that the impact is many times larger than has been found in the previous empirical literature based on time-series data. The results show little impact, however, on the actual operations of firms such as their labor intensity, wages and the like. They do indicate that firms are able to exploit the progressivity of the Corporate Income Tax system by dividing into numerous firms.
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the impact and inefficiency of the Corporate Income Tax evidence from state organizational form data
National Bureau of Economic Research, 2002Co-Authors: Austan GoolsbeeAbstract:By double Taxing the Income of Corporate firms but not uninCorporated firms, Taxes can play an important role in a firm's choice of organizational form. The sensitivity of the organizational form decision to Tax rates can also be used to approximate the efficiency cost of the Corporate Income Tax. This paper uses new cross-sectional data on organizational form across states compiled in the Census of Retail Trade to estimate this sensitivity. The results document a significant impact of the relative Taxation of Corporate to personal Income on the share of economic activity that is done by corporations including sales, employment, and the number of firms. The impacts are substantially larger than those found in the previous empirical literature based on time-series data.
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Taxes organizational form and the deadweight loss of the Corporate Income Tax
Journal of Public Economics, 1998Co-Authors: Austan GoolsbeeAbstract:By changing the relative gain to incorporation, Corporate Taxation can play an important role in a firm's choice of organizational form. General equilibrium models have shown that substantial shifting of organizational form in response to Tax rates implies a large deadweight loss of Taxation. This paper estimates the impact of Taxes on organizational form using data from 1900-1939. The results indicate that the effect of Taxes is significant but small. A Corporate rate increase of .10 raises the non-Corporate share of capital .002-.03. The implied deadweight loss of the Corporate Income Tax is around 5-10% of revenue.
Kongpin Chen - One of the best experts on this subject based on the ideXlab platform.
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internal control versus external manipulation a model of Corporate Income Tax evasion
Social Science Research Network, 2005Co-Authors: Kongpin Chen, C Cyrus Y ChuAbstract:The purpose of this paper is to offer a formal model of Corporate Income Tax evasion. While individual Tax evasion is essentially a portfolio selection problem, Corporate Income Tax evasion is much more complicated. When the owner of a firm decides to evade Taxes, not only does it risk being detected by the Tax authorities but, more importantly, the optimal compensation scheme offered to the employees will be altered. Specifically, due to the illegal nature of Tax evasion, the contract offered to the manager is necessarily incomplete. This creates a distortion in the manager's effort, and reduces the efficiency of the contract. Tax evasion thus increases the profit retained by the firm not only at the expense of the risk of being detected, but also in the efficiency loss of internal control.
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internal control vs external manipulation a model of Corporate Income Tax evasion
The RAND Journal of Economics, 2002Co-Authors: Kongpin ChenAbstract:We offer a formal model of Corporate Income Tax evasion. While individual Tax evasion is essentially a portfolio-selection problem, Corporate Income Tax evasion is much more complicated. When the owner of a firm decides to evade Taxes, not only does she risk being detected by the Tax authorities, more importantly, the optimal compensation scheme offered to the employees will also be altered. Specifically, due to the illegal nature of Tax evasion, the contract offered to the manager is necessarily incomplete. This creates a distortion in the manager's effort and reduces the efficiency of the contract. Tax evasion thus increases the profit retained by the firm not only at the risk of being detected, but also at the cost of efficiency loss in internal control.
Sally Wallace - One of the best experts on this subject based on the ideXlab platform.
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the disappearing state Corporate Income Tax
National Tax Journal, 2004Co-Authors: Gary C Cornia, Kelly D Edmiston, David L Sjoquist, Sally WallaceAbstract:This paper examines alternative explanations for the decline over the past two decades in state Corporate Income Taxes relative to the state economy. We employ a survey of state Tax administrators, individual Tax returns from Georgia and Utah, and panel data to explore the importance of Tax policy, Tax planning, and economic factors on the trend in state Corporate Taxes. We find that Corporate Tax planning and economic factors account for much of the relative decline, and that state Tax policy changes are important factors. However, federal Tax changes had only a modest effect during this period.
Sanjay Gupta - One of the best experts on this subject based on the ideXlab platform.
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the effects of changes in state Tax enforcement on Corporate Income Tax collections
Journal of The American Taxation Association, 2016Co-Authors: Sanjay Gupta, Dan LynchAbstract:ABSTRACT: Using a new hand-collected database on state department of revenue (DOR) expenditures, this study examines the association between changes in state Corporate Tax enforcement expenditures and state-level Tax collections during the 2000–2008 time period. The results, after addressing endogeneity concerns using a changes specification and state fixed effects, suggest a $1 increase (decrease) in current period Corporate enforcement is associated with an $8 to $11 increase (decrease) in state Tax collections two years into the future. The association appears to be attenuated in states with restrictive Tax policies (i.e., unitary/combined reporting and related-party add-back provisions) suggesting that enforcement and restrictive Tax policies could serve as substitutes. JEL Classifications: H26; H71; H72. Data Availability: Enforcement data were hand collected from state revenue department annual reports and by contacting state Corporate Income Tax personnel. All annual reports are publicly available.
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empirical evidence on the revenue effects of state Corporate Income Tax policies
National Tax Journal, 2009Co-Authors: Sanjay Gupta, Jared A Moore, Jeffrey Gramlich, Mary Ann HofmannAbstract:Using fixed—effects models of state Corporate Income Tax (SCIT) revenues that account for the endogeneity of apportionment formula weights and Tax rates, we find that states with a double—weighted ...
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empirical evidence on the revenue effects of state Corporate Income Tax policies
National Tax Journal, 2009Co-Authors: Sanjay Gupta, Jared A Moore, Jeffrey Gramlich, Mary Ann HofmannAbstract:Using fixed–effects models of state Corporate Income Tax (SCIT) revenues that account for the endogeneity of apportionment formula weights and Tax rates, we find that states with a double–weighted sales factor experience lower SCIT revenues than do states with an equally–weighted sales factor, while higher statutory Tax rates are associated with higher SCIT revenues. We also find that several other Tax policies have statistically and economically significant associations with SCIT revenues. Use of a throwback rule and defining business Income more broadly are associated with higher SCIT revenues, while combined reporting surprisingly is not significantly associated with SCIT revenues.
Mary Ann Hofmann - One of the best experts on this subject based on the ideXlab platform.
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empirical evidence on the revenue effects of state Corporate Income Tax policies
National Tax Journal, 2009Co-Authors: Sanjay Gupta, Jared A Moore, Jeffrey Gramlich, Mary Ann HofmannAbstract:Using fixed—effects models of state Corporate Income Tax (SCIT) revenues that account for the endogeneity of apportionment formula weights and Tax rates, we find that states with a double—weighted ...
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empirical evidence on the revenue effects of state Corporate Income Tax policies
National Tax Journal, 2009Co-Authors: Sanjay Gupta, Jared A Moore, Jeffrey Gramlich, Mary Ann HofmannAbstract:Using fixed–effects models of state Corporate Income Tax (SCIT) revenues that account for the endogeneity of apportionment formula weights and Tax rates, we find that states with a double–weighted sales factor experience lower SCIT revenues than do states with an equally–weighted sales factor, while higher statutory Tax rates are associated with higher SCIT revenues. We also find that several other Tax policies have statistically and economically significant associations with SCIT revenues. Use of a throwback rule and defining business Income more broadly are associated with higher SCIT revenues, while combined reporting surprisingly is not significantly associated with SCIT revenues.
