National Tax Journal articles from December 2008

National Tax Journal archives from December 2008

Tax motivated takings.
December 1, 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...

Distributional consequences of converting the property tax to a land value tax: replication and extension of England and Zhao.
December 1, 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...

The impact of school district consolidation on housing prices.
December 1, 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...

The income elasticity of gross casino revenues: short-run and long-run estimates.
December 1, 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...

Thin markets and property tax inequities: a multinomial logit approach.
December 1, 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...

Why do nonprofits have taxable subsidiaries?
December 1, 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...

Taxes and financial assets: valuing permanently reinvested foreign earnings.
December 1, 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...

Taxes and ex-day returns: evidence from Germany and the U.K.
December 1, 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.,...

Methods of capital gains taxation and the impact on asset prices and welfare.
December 1, 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...

Using technology to simplify individual tax filing.
December 1, 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...

Technology and taxation in developing countries: from hand to mouse.
December 1, 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...

The SSTP and technology: implications for the future of the sales tax.(Streamlined Sales Tax Project)
December 1, 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...

Genes as tags: the tax implications of widely available genetic information.
December 1, 2008... INTRODUCTION The other essays in this volume make clear that the future of taxation depends importantly on innovations in the gathering and processing of information. As the so--called information economy continues to evolve, systems of...

Problems and promise of smart cards in taxation.
December 1, 2008... INTRODUCTION Administrative issues do not usually make for exciting economics. They usually fall into the forgotten footnotes of scholarly articles that are primarily concerned with grander visions of economic mechanisms. A discussion of...

The future of tax privacy.
December 1, 2008... INTRODUCTION The history of tax privacy contains a number of surprises. First, the concept of tax privacy was a contested one throughout much of the 19th and 20th Century. For a period, tax returns were considered to be public documents....