Do taxes affect corporate debt policy? Evidence from U.S. corporate tax return data

Article Abstract:

Research into the impact of alterations in corporate tax rates on the debt policies of companies of varying sizes is presented. There is strong evidence that both personal and corporate tax rates are significant. It is forecast that a cut in the corporate tax rate from 0.46 to 0.34 would prompt companies to cut the fraction of their assets they finance with debt by 4.3%.

Corporate Tax Rates, Research, Corporate income taxes, Tax rates

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Tax structure and economic growth

Article Abstract:

The impact of corporate tax rates on the economic growth rate of a country is analyzed using cross-country data from the period 1970-97. the results of the study indicates that a cut in corporate tax rates by 10 percentage points will lead to a one or two percentage points rise in economic growth rate.

United States, Scientific Research and Development Services, Development, Economic Programs-Total Govt, Administration of Economic Programs, Economic development, Corporations

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Tax evasion in an open economy: value-added vs. income taxation

Article Abstract:

A study aimed at determining the amounts of evasion occurring under value-added tax and cash-flow income tax employed data from Denmark for 1992. Observed labor income tax base and predicted figure that is based on the economy's aggregate cash-flow constraint were compared. The difference in the amounts of evasion under the two taxes were measured. Results indicated that evasion rates of each tax were moderate. A theoretical model was established to analyze the choice of income vs. value-added tax rates that will lessen the excess burden from evasion activities.

Economics, Research and Development in the Social Sciences and Humanities, Corporate Tax Evasion & Penalties, Personal Income Tax Evasion, Economic aspects, Denmark, Income tax, Personal income tax, Value-added tax, Tax evasion

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