state revenue

The report from the Economic Policy Institute argues that tax breaks and incentives do not stimulate economic growth and create jobs. In addition, the studies that have examined the net effects of simultaneously changing taxes and public spending—arguably those studies that provide the best "real world" measure of the effect of state and local tax cuts—generally find that raising taxes and using the additional revenues to pay for more public services enhances economic growth and expands employment.

The paper addresses the important question of the extent to which personal and corporate income taxes are used to compensate for sales tax fluctuations within the U.S. states. The results show that one percent increase in the sales tax rate is associated with a half and a third percent decrease in the personal and corporate income tax rates respectively.

The paper demonstrates that even if some
enforcement of taxation on foreign-source capital income is feasible, a poor enforcement of international taxes would generate political processes that would reduce significantly the domestic- source capital income taxation.

The author sets forth to answer " what is the impact of the enterprise zone on the rest of the economy and labour". Through the development of a theoretical model, the author shows the relationship between the reservation wage and unemployment rate.

The authors study the aggregate and distributional effects of several tax reforms in a model that
recognizes this key role and that matches the large wealth inequality observed in the U.S. data. Findings indicate that abolishing the current estate tax would generate a modest increase in wealth inequality and slightly reduce aggregate output.

The paper examines the effects of state corporate income taxes on the location of foreign direct investment, taking into account the state governments behavior when setting taxes.

The paper addresses the important question of the extent to which personal and corporate income taxes are used to compensate for sales tax fluctuations within the U.S. states. Results show that a one percent decrease in the sales tax revenue per capita is associated with a 3 percent or a 0.9 percent increase in the corporate and personal income tax revenue per capita, respectively.

The authors examine the impact of tax policy uncertainty on the irreversible investment decisions of a monopolistically competitive firm. They also examine changes in the average levels of investment and its variability over short- and long-run horizons, considering a general 3-state process, a log-normal process, and a Poisson process.

The paper reviews the economic and administrative issues that arise in the taxation of electronic commerce; addresses how best to meet the criteria of an ideal tax system; and examines recent policy developments.

State policies resulting from the tax revolt of the late 1970s play an important role in determining the timing and magnitude of the decline in state tax effort for higher education, according to the authors. They explain that an understanding of the fiscal environment caused by these provisions is critical for the future of state-supported higher education.