National Tax Journal articles from March 1997

National Tax Journal archives from March 1997

The impact of urban land taxation: the Pittsburgh experience.(Pennsylvania)
March 1, 1997... INTRODUCTION Land-value taxation occupies a curious place in the lexicon of public finance. It has a long and rich history among both tax theorists and reformers who have extolled its properties on grounds of economic efficiency and...

The relationship between government financial condition and expected tax rates reflected in municipal bond yields.
March 1, 1997... INTRODUCTION Municipal bonds issued by state and local governments differ from other investment vehicles in that their interest income is exempt from federal taxation. This tax advantage is a major determinant of yields on these bonds...

Infrastructure services and the productivity of public capital: the case of streets and highways.
March 1, 1997... INTRODUCTION There is now a large literature on the link between public capital and private sector economic productivity. In almost all the research on that topic, public capital is measured as the dollar value of the infrastructure...

Costs of environmentally motivated taxes in the presence of other taxes: general equilibrium analyses.
March 1, 1997... INTRODUCTION Interest in taxes as instruments of environmental protection has grown considerably in recent years. In many industrialized countries, environmentally motivated taxes either have been introduced recently or are being...

Taxation of financial services under a value-added tax: applying the cash-flow approach.
March 1, 1997... One of the most difficult areas in the operation of value-added tax (VAT) systems has been the treatment of financial services. A workable method of taxing such services has eluded tax authorities for decades. As a consequence, almost all the...

Pension underfunding and liberal retirement benefits among state and local government workers.
March 1, 1997... INTRODUCTION Relative to workers in the private sector, government employees receive a large portion of their pay in the form of pension benefits deferred until retirement. A number of studies, for example, have found that the ratio of...

The American retail sales tax: considerations on their structure, operations, and potential as a foundation for a federal sales tax.(Symposium on a National Retail Sales Tax)
March 1, 1997... Americans are familiar with the retail sales tax. Therefore, it is not surprising that Congress would consider such a tax as a way to tax consumption expenditure, should it choose to shift from the present federal structure that...

Would tax evasion and tax avoidance undermine a national retail sales tax?(Symposium on a National Retail Sales Tax)
March 1, 1997... INTRODUCTION The current regime of personal and corporate income taxation evokes strong criticism. The income taxes give rise to substantial efficiency losses, administrative and compliance costs are viewed as excessive, and the IRS is...