Corporate Behavioral Responses to the Tcja for Tax Years 2017–2018

Dowd, Tim; Giosa, Christopher P.; Willingham, Thomas

doi:10.17310/ntj.2020.4.09

Cited by 8 publications

(3 citation statements)

References 7 publications

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“…These reforms and state PIT rate changes provide large income tax rate variation for our estimations. The TCJA also reduced the maximum CIT rate from 35 percent to a flat 21 percent (Dowd et al, 2020).…”

Section: C-corporations and Pass-through Entitiesmentioning

confidence: 98%

Income Taxation and Hours Worked in Different Types of Entrepreneurship

Can,

Fossen

2023

SSRN Journal

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Section: C-corporations and Pass-through Entitiesmentioning

confidence: 98%

Income Taxation and Hours Worked in Different Types of Entrepreneurship

Can,

Fossen

2023

SSRN Journal

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“…For the purpose of international coordination, we prefer full creditability, but countries may choose to haircut foreign tax credits in order to preserve some sensitivity of domestic companies to foreign tax rates. 15 See Dowd, Giosa, and Willingham (2020) for early evidence on the experience with GILTI. The GILTI capture rate implies that the 10 percent exemption has substantial effects on revenues from the tax.…”

Section: Exemplarity: Collecting the Tax Deficit Of Multinationalsmentioning

confidence: 99%

Influence of international economic entities on the state regulation of economy

Trofymchuk

2023

Ekon. teor.

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Based on the concept of jointly-divided activities, the paper reveals the essence of the government’s regulation of economy as a sub-function of state’s economic functions, where the government is a bearer of society’s general economic interests. The work substantiates the positive and negative sides of the influence of international economic entities on economic policy by splitting up state’s own functions and state’s applied functions, so that the latter may contradict the former and be not corresponding to the essence of state. The author reveals the main interests of the triad of globalizers – TNCs, international organizations and developed countries. The study shows the asymmetric nature of the interaction between the open economies and the main international economic entities – international organizations and TNCs, which is due to the difference in their interests and opportunities to influence each other. The paper outlines the main causes and consequences of the negative influence of international organizations and TNCs on the government’s economic regulation in developed countries and other open economies. Revealed the problems of imposing unified rules on economic policy in transition economies by international organizations, of setting requirements for crediting, and of promoting the neoliberal concept and the austerity policy. The work analyzes the negative consequences of the influence of TNCs on state economic regulation, namely: the weakening of employees’ bargaining power and the fall of their incomes, the growth of inequality, the reduction of the tax burden on corporations, offshorization, the hypertrophied development of the financial sphere, etc. The study shows various methods to mitigate the consequences of the negative influence of TNCs on open economies. The paper highlights the main mechanisms of influence of international economic entities on state economic regulation. Revealed the main challenges of state economic regulation caused by the increasing influence of international economic entities and globalization in general. Based on these challenges, the paper highlights the following main necessary transformations of state economic regulation: (1) increasing the level of subjectivity of the state as a bearer of national interests, (2) ensuring institutional foundations for inclusive global development based on the principles of equality, justice and transparency, and (3) neutralizing the negative impact on national socio-economic security exerted by international actors.

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“…Henry and Sansing (2020) examine the TCJA's effect on corporate tax preferences and how these vary with firm characteristics. Dowd et al (2020) analyze intertemporal responses to the TCJA. Finally, Altig et al (2020) estimate the differential effect of the deductibility of state and local taxes on red-and blue-state voters.…”

Section: Introductionmentioning

confidence: 99%

C and S Corporation Banks: Did Trump's Tax Reform Lead to Differential Effects?

Thi

Weichenrieder

2021

SSRN Journal

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The US Tax Cuts and Jobs Act (TCJA) led to a drastic reduction in the corporate tax and improved the treatment of C corporations compared to S corporations. We study the differential effect of the TCJA on these types of corporations using key economic variables of US banks, such as the number of employees, average salaries and benefits, profit/loss before taxes, and net income. Our analysis suggests that the TCJA increased the net-of-tax profits of C corporation banks compared to S corporations and, to a lesser extent, their pre-tax profits. At the same time, the reform triggered no significantly differential effect on the employment and average wages.

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Corporate Behavioral Responses to the Tcja for Tax Years 2017–2018

Cited by 8 publications

References 7 publications

Income Taxation and Hours Worked in Different Types of Entrepreneurship

Income Taxation and Hours Worked in Different Types of Entrepreneurship

Influence of international economic entities on the state regulation of economy

C and S Corporation Banks: Did Trump's Tax Reform Lead to Differential Effects?

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