National Tax Journal articles from December 2007

National Tax Journal archives from December 2007

The effect of tax rebates on consumption expenditures: evidence from state tax rebates.
December 1, 2007... INTRODUCTION Tax rebate policies have often been discussed as a tool that the government may use to stimulate consumer spending and, so the hope goes, boost the economy in general. However, the efficacy of tax rebates to stimulate consumer...

Internet purchases, cross-border shopping, and sales taxes.
December 1, 2007... INTRODUCTION Consumers can purchase goods in any of several ways. They can buy in their own jurisdiction, paying sales taxes if the jurisdiction levies a sales tax. Alternatively, consumers can travel across a border and make their...

Revenue cycles and the distribution of shortfalls in U.S. states: implications for an "optimal" rainy day fund.
December 1, 2007... INTRODUCTION Slowdowns in economic activity often leave state policymakers facing budget shortfalls and the prospects of reducing services. For example, as a result of the 2001 recession, the National Governors Association reported that 21...

The elasticity of taxable income over the 1980s and 1990s.
December 1, 2007... INTRODUCTION The degree to which taxes alter U.S. economic activity and tax-reporting behavior is a subject of debate. Estimates of the effect range from extremely large to almost none. For even modest changes to tax rates, the range of...

Capping the mortgage interest deduction.
December 1, 2007... INTRODUCTION AND BACKGROUND public policy designed to encourage home ownership in the United States operates primarily through incentives contained in the federal income tax system. The largest housing-related subsidy in the federal income...

Preferential tax regimes with asymmetric countries.
December 1, 2007... INTRODUCTION One of the main current policy issues in corporate taxation is the proliferation of preferential tax regimes in national tax codes. These discriminatory tax measures come in one of two broad forms. A first category are...

The gross receipts tax: a new approach to business taxation?
December 1, 2007... INTRODUCTION In its most general form, the base of a gross receipts tax (GRT) is the dollar value of receipts from sale of goods and services, with no omission of categories of sales and no allowance for costs incurred by sellers. All...

Is there a role for gross receipts taxation?
December 1, 2007... INTRODUCTION There has been an unexpected proliferation of states adopting the gross receipts tax (GRT) and other business activities taxes in recent years. States last embraced GRTs during the Great Depression when existing tax bases...

Fiscal Reform in Colombia: Problems and Prospects.(Book review)
December 1, 2007... Fiscal Reform in Columbia: Problems and Prospects. Edited by Richard M. Bird, James M. Poterba, and Joel Slemrod. Cambridge, MA: The MIT Press, 2006, pp. 329. Fiscal reform is certainly not a new subject for Colombia. Some of the best...