Recently added articles from National Tax Journal:
The effects of multinationals' profit shifting activities on real investments.
Mar 01, 2009; ... INTRODUCTION Corporate tax rates vary significantly between different countries. Real investment decisions are affected by these international differences in business taxation. Moreover, cross-country profit shifting of multinationals can be observed. Governments attempt to ...
Measuring non-school fiscal disparities among municipalities.
Mar 01, 2009; ... INTRODUCTION Fiscal disparities among parallel governments--municipalities within a state or states within the nation--represent a policy concern when the overlying government (state or nation) has an interest in levels of services and/or tax rates across its subdivisions ....
Does the NEA crowd out private charitable contributions to the arts?(National Endowment for the Arts)
Mar 01, 2009; ... INTRODUCTION This paper investigates the mechanism by which the federal government s funding of the arts through the National Endowment for the Arts (NEA) displaces private charitable contributions to non-profit arts organizations. Government funding of the arts has incited ...
Inter-temporal differences in the income elasticity of demand for lottery tickets.
Mar 01, 2009; ... INTRODUCTION Beginning with New Hampshire in 1964, 42 states and the District of Columbia have legalized state-sponsored lotteries. Lottery sales in the United States topped $48 billion in fiscal year 2006 (roughly $160 per capita), of which state governments retained nearly $17 ...
Spatiality and persistence in U.S. individual income tax compliance.
Mar 01, 2009; ... INTRODUCTION The individual income tax system in the United States operates on a self-assessment basis, in which individuals annually determine their tax liability and pay what they deem due. Over time, a taxpayer learns more about the tax system, so that reports today may ...
Book-tax conformity: implications for multinational firms.
Mar 01, 2009; ... INTRODUCTION This paper examines the implications for multinational firms of recent proposals to conform tax and financial reporting (i.e., book-tax conformity). Proponents of book-tax conformity argue that the current dual system in the U.S. allows firms to simultaneously ...
Internationalization of income measures and the U.S. book-tax relationship.
Mar 01, 2009; ... INTRODUCTION Two opposite trends have recently affected the relationship between the taxable income that companies report to the government and the financial accounting income that they report to investors. In the United States, a "two-book" country in which the two measures are ...
Earnings management, corporate tax shelters, and book-tax alignment.
Mar 01, 2009; ... INTRODUCTION The influence of taxes on corporations has largely been considered within a framework where taxes are involuntary payments that influence financing and investment choices on the margin. Such a framework does not dismiss the role of taxes but views them as ...
Tax motivated takings.
Dec 01, 2008; ... Tax motivated takings are takings by a local government aimed purely at increasing its tax base. Such an action was justified by the Supreme Court's ruling in Kelo v. New London (2005), which allowed the use of eminent domain for private redevelopment projects that promise sufficient ...
Distributional consequences of converting the property tax to a land value tax: replication and extension of England and Zhao.
Dec 01, 2008; ... In a recent article in this journal, England and Zhao (2005) examine the redistribution of the tax levy that would result in Dover, New Hampshire, if the real property tax were changed from the existing uniform tax on land and improvements to one taxing only land. They report that ...
The impact of school district consolidation on housing prices.
Dec 01, 2008; ... School district consolidation has been one of the most dramatic changes in education governance and management in the United States in the last one hundred years. This paper estimates the capitalization of school district consolidation into housing prices in New York State between 1990 and ...
The income elasticity of gross casino revenues: short-run and long-run estimates.
Dec 01, 2008; ... Commercial casino gambling has spread rapidly since 1990 when only two states, Nevada and New Jersey, allowed private commercial gambling. By 2008, 11 states allowed private commercial gambling, while Native American casinos operated in 23 states. Arguably, the primary motivation for ...
Thin markets and property tax inequities: a multinomial logit approach.
Dec 01, 2008; ... Property tax assessment ratios--a property's assessed value divided by its market value--determine the effective tax rates paid by owners. When ratios in the same assessment district vary, the property tax will not be applied uniformly and the burden of financing local public services will ...
Why do nonprofits have taxable subsidiaries?
Dec 01, 2008; ... INTRODUCTION Although most types of revenue earned by nonprofit organizations are tax exempt, nonprofits engage in two types of taxable activities (Plunkett and Christianson, 2004). First, a nonprofit can conduct taxable activities without the use of a separate legal entity ....
Taxes and financial assets: valuing permanently reinvested foreign earnings.
Dec 01, 2008; ... INTRODUCTION We investigate how tax rules interact with foreign investments to affect the value of U.S. multinational corporations' "permanently reinvested earnings" (PRE). Prior studies in economics and accounting examine the direct effect of potential U.S. taxes on the value ...
Taxes and ex-day returns: evidence from Germany and the U.K.
Dec 01, 2008; ... INTRODUCTION previous studies show that the risk-adjusted abnormal returns on the ex-dividend dates are positive and significantly related to the dividend yield. However, the interpretation of these findings is controversial (see, e.g., Allen and Michaely (2003), Elton, Gruber, ...
Methods of capital gains taxation and the impact on asset prices and welfare.
Dec 01, 2008; ... INTRODUCTION In most of the world's economies, changes in the value of an investor's asset (or entire portfolio) are subject to a tax, the so-called capital gains tax. From a theoretic point of view, there are basically two different methods of collecting this tax: taxation of ...
Using technology to simplify individual tax filing.
Dec 01, 2008; ... INTRODUCTION The individual tax filing system imposes substantial costs upon taxpayers. Estimating those costs is an imprecise art, which requires a combination of definitional assumptions (e.g., what counts as a cost of filing as opposed to tax planning) and methodological ...
Technology and taxation in developing countries: from hand to mouse.
Dec 01, 2008; ... INTRODUCTION Technology has influenced the way we work, play, and interact with others. It is not surprising that technology has also affected how tax systems are designed and administered in developing countries. These changes have not always been for the better. In a ...
The SSTP and technology: implications for the future of the sales tax.(Streamlined Sales Tax Project)
Dec 01, 2008; ... INTRODUCTION The technological advances of the last several decades may have greater implications for the sales tax than for any other tax imposed in the U.S. The implications go far beyond how taxes are administered and complied with to include such things as changes in the ...