Tax policy and the economy

Resource Information

The work Tax policy and the economy represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Books.

Label

Tax policy and the economy

Creator

• Tax policy and the economy

Contributor

• Moffitt, R.A

Subject

• TCJA
• consumption tax
• economic activity
• horizontal equity
• joint taxation
• separate taxation
• social security
• tax policy
• tax system

Language

• eng
• eng

Summary

This volume presents five new studies on taxation and government transfer programs. The first study explores whether "unconventional" fiscal policy in the form of pre-announced consumption tax changes can shift durables purchases intertemporally, how such shifts are affected by consumer credit. The effects of the Tax Cuts and Jobs Act (TCJA) on corporation behaviour and on firms' statements about their behaviour are examined in the second study. Here the authors focus on four outcomes: bonuses, investment, share repurchases, and dividends. The third study discusses "tax equivalences", disparate sets of policies that have the same economic effects, and illustrate when these equivalences break down. The fourth study uses data from NBER's TAXSIM model to investigate the equity implications of a switch from joint to independent taxation that could occur in conjunction with adoption of return-free tax filing. The fifth study shows asset pricing can be used to value implicit fiscal debts, which are currently rarely measured or adjusted for risk, while accounting for risk properties. The authors apply their methodology to study social security

Geographic coverage

North America

Index

no index present

Language note

English

Literary form

non fiction

Series statement

NBER tax policy and the economy

Series volume

33