National Tax Journal articles from March 2001

National Tax Journal archives from March 2001

Tax reforms and evidence of transfer pricing.
March 1, 2001... INTRODUCTION While tax reforms have generally reduced corporate tax rates globally, continued international tax differentials are an enduring feature of the global fiscal environment. In this context, multinational firms can reduce their...

The influence of income taxes on the use of inside and outside debt by small businesses.
March 1, 2001... INTRODUCTION The notion that income taxes play an important role in the financing decisions of taxable corporations is well accepted from a theoretical and empirical point of view (Modigliani and Miller, 1963). Because interest expense is...

Fiscal policy, legislature size, and political parties: evidence from state and local governments in the first half of the 20th century.
March 1, 2001... INTRODUCTION Institutions--the rules by which decisions are made--have a material affect on government tax and spending policies. That is the consensus view from an emerging empirical literature in public finance. A great deal of evidence...

State tobacco taxation, education and smoking: controlling for the effects of omitted variables.
March 1, 2001... INTRODUCTION Government policies that affect smoking behavior are of significant consequence, for public health, for economic efficiency, and for state revenue purposes. Perhaps the most important such policy is tobacco taxation, which...

Elderly migration and state fiscal policy: evidence from the 1990 census migration flows.
March 1, 2001... INTRODUCTION The retired population is growing faster than the working population and by the year 2030 one out of every five people will be age 65 and older (U.S. Census Bureau, 1996). This trend, combined with the current shift in fiscal...

Do normative appeals affect tax compliance? Evidence from a controlled experiment in Minnesota.
March 1, 2001... INTRODUCTION Recent public interest in the U.S. individual income tax has centered on the enforcement strategies employed by the Internal Revenue Service (IRS), widely viewed as overly aggressive, with Congressional hearings highlighting...

The property tax as a capital tax: a room with three views.
March 1, 2001... INTRODUCTION The property tax has long been the major source of own-revenue at the local government level, and a huge academic literature has investigated the economic effects of this widely-used tax; Mieszkowski and Zodrow (1989) and Ladd...

Homevoters, municipal corporate governance, and the benefit view of the property tax.
March 1, 2001... INTRODUCTION The peculiarity of municipal corporations is that their most numerous "shareholders" are owners of homes. Because homeowners cannot diversify their assets adequately, they are motivated to be "homevoters"--homeowners whose...

Public Finance in a Democratic Society, vol. 3, The Foundations of Taxation and Expenditure.(Review)
March 1, 2001... Public Finance in a Democratic Society. Volume III. The Foundations of Taxation and Expenditure. By RICHARD M. MUSGRAVE. Cheltenham, UK and Northampton, MA: Edward Elgar, 2000. xii + 512 pp. We all stand on the shoulders of giants. Those of...