state revenue

This paper argues that, because governments are able to relax tax competition through public good differentiation, traditionally high-tax countries have continued to set taxes at a relatively high rate even as markets have become more integrated.

The index serves as a tool for lawmakers, the media, and individuals to gauge how their states’ tax systems compare. The top three best states in the list are Wyoming, South Dakota and Alaska, respectively. The bottom three states are Rhode Island, New Jersey, and New York.

This nontechnical paper discusses the adverse effects of high marginal tax rates on labor income and on investment income. It explains that the deadweight loss of a tax on labor income depends on the response of taxable income and not just the change in labor supply.

This paper examines the effects of incentives using the marginal effective tax rate approach (METR), adapting this methodology to the case of a small open economy where the marginal investor is a nonresident.

The aim in this paper is essentially to sketch a framework within which countries contemplating the issue of harmonizing tax incentives may approach it in a way that may both reduce the ‘harm’ that might otherwise occur and also foster more judicious and reasoned consideration of the inevitable trade-offs facing them.

The aim in this paper is essentially to sketch a framework within which countries contemplating the issue of harmonizing tax incentives may approach it in a way that may both reduce the ‘harm’ that might otherwise occur and also foster more judicious and reasoned consideration of the inevitable trade-offs facing them.

This working paper examines the tax treatment of corporate expenditures on selected intellectual assets and develops an indicator of the relative generosity of tax systems in OECD countries to such investments. Five types of intellectual assets are considered: research and development (R&D), patents, workforce training, software and organisational change.

State revenue variability is evaluated using a volatility model rooted in portfolio theory, according to the author. The model evaluates how closely a state’s revenue portfolio is constructed to minimize variability in total state tax revenue. The model complements parametric methods of revenue variability.

This report examines the purpose of the Gulf Opportunity Zone tax program and explains how this latest endeavor reflects the 25-year evolution of federal efforts to use tax incentives as a core tool for revitalizing distressed areas. The evidence suggests that tax incentives alone are not enough—they work better when combined with good planning, local capacity-building, and good governance across sectors.

This article attempts to determine the best structure for the taxation of entrepreneurial capital and financial assets in economies, like that of the US, in which firms possess information not available to competitors or the public. Returns to entrepreneurial capital are risky and depend on entrepreneurs hidden effort. The authors find that entrepreneurial capital should be taxed at the firm level and again when it accrues to outside investors in the form of stock returns.