The Experts below are selected from a list of 38085 Experts worldwide ranked by ideXlab platform
Roni Michaely - One of the best experts on this subject based on the ideXlab platform.
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the effect of the may 2003 dividend Tax cut on corporate dividend policy empirical and survey evidence
National Tax Journal, 2008Co-Authors: Alon Brav, Campbell R Harvey, John R Graham, Roni MichaelyAbstract:We analyze the impact of the May 2003 dividend Tax cut on corporate dividend policy. First, we find that while there was a temporary increase in dividend initiations, this increase was not long–lasting. While dividend payments were increased right after the Tax change, there was a larger and more pronounced increase in repurchases during the same time period. Second, we survey 328 financial executives to determine the effects of the May 2003 dividend Tax cut. We find that the Tax cut led to initiations and dividend increases at some firms. However, executives say that among the factors that affect dividend policy, the Tax rate Reduction is less important than the stability of future cash flows, cash holdings, and the historic level of dividends. Tax effects have roughly the same importance as attracting institutional investors and the availability of profitable investments. We also find that press releases only occasionally mention the dividend Tax cut as the reason for an initiation. Overall we conclude that the dividend Tax Reduction had only a second–order impact of payout policy.
Roope Uusitalo - One of the best experts on this subject based on the ideXlab platform.
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employment and wage effects of a payroll Tax cut evidence from a regional experiment
International Tax and Public Finance, 2009Co-Authors: Ossi Korkeamäki, Roope UusitaloAbstract:In this paper, we evaluate the effects of a regional experiment that reduced payroll Taxes by 3–6 percentage points for 3 years in northern Finland. We match each firm in the target region with a similar firm in a comparison region and estimate the effect of the payroll Tax Reduction by comparing employment and wage changes within the matched pairs before and after the start of the experiment. According to our results, the Reduction in the payroll Taxes led to an increase in wages in the target region. The point estimates indicate that the increase in wages offset roughly half of the impact of the payroll Tax cut on the labor costs. The remaining labor cost Reduction had no significant effects on employment.
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employment and wage effects of a payroll Tax cut evidence from a regional experiment
International Tax and Public Finance, 2009Co-Authors: Ossi Korkeamäki, Roope UusitaloAbstract:In this paper we evaluate the effects of a regional experiment that reduced payroll-Taxes by 3-6 percentage points for three years in Northern Finland. We match each firm in the target region with a similar firm in a comparison region and estimate the effect of the payroll-Tax Reduction by comparing employment and wage changes within the matched pairs before and after the start of the experiment. According to our results, the Reduction in the payroll-Taxes led to an increase in wages in the target region. The point estimates indicate that the increase in wages offset roughly half of the impact of the payroll Tax cut on the labor costs. The remaining labor cost Reduction had no significant effects on employment.
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employment and wage effects of a payroll Tax cut evidence from a regional experiment
Research Papers in Economics, 2008Co-Authors: Ossi Korkeamäki, Roope UusitaloAbstract:In this paper we evaluate the effects of a regional experiment that reduced payroll-Taxes by 3–6 percentage points for three years in Northern Finland. We match each firm in the target region with a similar firm in a comparison region and estimate the effect of the payroll-Tax Reduction by comparing employment and wage changes within the matched pairs before and after the start of the experiment. According to our results the Reduction in the payroll-Taxes led to an increase in wages in the target region. The point estimates indicate that the increase in wages offset roughly half of the impact of the payroll Tax cut on the labor costs. The remaining labor cost Reduction had no significant effects on employment. JEL-codes: J18, J23, J38, J58, J65, J6
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employment effects of a payroll Tax cut evidence from a regional Tax exemption experiment
ERSA conference papers, 2006Co-Authors: Ossi Korkeamäki, Roope UusitaloAbstract:In this paper we evaluate the effects of a regional experiment that reduced payroll Taxes by 3-6 percentage points in Northern Finland for three years. We match each firm in the target region with a similar firm in the control region and estimate the effect of the payroll-Tax Reduction by comparing employment and wage changes within the matched pairs before and after the start of the experiment. According to our results the Reduction in payroll Taxes led to somewhat faster wage growth in the target region. The increase in wages offset roughly half of the impact of the payroll-Tax cut on the labour costs. The remaining labour cost Reduction had no significant effects on employment.
Virginia P Reno - One of the best experts on this subject based on the ideXlab platform.
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implications of the payroll Tax holiday for social security social security now has four dedicated income sources the Tax holiday needs an exit strategy
Social Science Research Network, 2012Co-Authors: Elisa A Walker, Thomas N Bethell, Virginia P RenoAbstract:The contributions that workers pay for Social Security have been temporarily reduced under legislation designed to get money quickly into the hands of workers so they could spend it to help the nation out of the Great Recession. This “payroll Tax holiday” is scheduled to end on December 31. This fact sheet describes an ‘exit strategy’ that could attract broad public support and help strengthen Social Security for the long term.The fact sheet notes that Social Security now has four dedicated sources of income, including reimbursement funds from general revenues that replace dollar-for-dollar the revenue not collected during the temporary Tax Reduction. Therefore, Social Security’s trust funds are unaffected by the payroll Tax holiday.
Luca Pensieroso - One of the best experts on this subject based on the ideXlab platform.
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illegal immigration and the shadow economy
Social Science Research Network, 2015Co-Authors: Carmen Camacho, Fabio Mariani, Luca PensierosoAbstract:We build a general equilibrium model in which both illegal immigration and the size of the informal sector are endogenously determined. In this framework, we show that indirect policy measures such as Tax Reduction and detection of informal activities can be used as substitutes for border enforcement, in order to contrast illegal immigration. We also find that a welfare-maximising Government that includes illegal immigration in its objective function, instead of focusing on the well-being of native workers only, will set the Tax rate to a lower value.
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illegal immigration and the shadow economy
Research Papers in Economics, 2015Co-Authors: Carmen Camacho, Fabio Mariani, Luca PensierosoAbstract:We build a general equilibrium model in which both illegal immigration and the size of the informal sector are endogenously determined and interact in a non-trivial way. We show that policy measures such as Tax Reduction and detection of informal activities can be used as substitutes for border enforcement, in order to contrast illegal immigration. In our framework, a welfare-maximising Government will never choose to drive illegal immigration to zero, but will set the Tax rate to a lower value if it includes illegal immigration in its objective function.
Premysl Bercik - One of the best experts on this subject based on the ideXlab platform.
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Tax deductible provisions for gluten free diet in canada compared with systems for gluten free diet coverage available in various countries
Canadian Journal of Gastroenterology & Hepatology, 2015Co-Authors: Maria Ines Pintosanchez, Elena F Verdu, Maria C Gordillo, Julio C Bai, Stephen Birch, Paul Moayyedi, Premysl BercikAbstract:Celiac disease affects 1% of the North American population, with an estimated 350,000 Canadians diagnosed with this condition. The disease is triggered by the ingestion of gluten, and a lifelong, strict gluten-free diet (GFD) is the only currently available treatment. Compliance with a strict GFD is essential not only for intestinal mucosal recovery and alleviation of symptoms, but also for the prevention of complications such as anemia, osteoporotic fractures and small bowel lymphoma. However, a GFD is difficult to follow, socially inconvenient and expensive. Different approaches, such as Tax Reduction, cash transfer, food provision, prescription and subsidy, have been used to reduce the additional costs of the GFD to patients with celiac disease. The current review showed that the systems in place exhibit particular advantages and disadvantages in relation to promoting uptake and compliance with GFD. The Tax offset system used in Canada for GFD coverage takes the form of a reimbursement of a cost previously incurred. Hence, the program does not help celiac patients meet the incremental cost of the GFD – it simply provides some future refund of that cost. An ideal balanced approach would involve subsidizing gluten-free products through controlled vouchers or direct food provision to those who most need it, independently of ‘ability or willingness to pay’. Moreover, if the cost of such a program is inhibitive, the value of the benefits could be made Taxable to ensure that any patient contribution, in terms of additional Taxation, is directly related to ability to pay. The limited coverage of GFD in Canada is concerning. There is an unmet need for GFD among celiac patients in Canada. More efforts are required by the Canadian medical community and the Canadian Celiac Association to act as agents in identifying ways of improving resource allocation in celiac disease.
