财税政策经济影响分析:以减税政策为例的CGE模型应用 (The Analysis of the Economic Impact of Tax Policies: An Empirical Analysis of Tax Reduction Policy Based on CGE Model)

2019 ◽  
Author(s):  
Yun Wen ◽  
Tao Zhang
2018 ◽  
Vol 11 (2) ◽  
pp. 140 ◽  
Author(s):  
Claudio Socci ◽  
Francesca Severini ◽  
Rosita Pretaroli ◽  
Irfan Ahmed ◽  
Clio Ciaschini

2021 ◽  
Author(s):  
Tao Chen ◽  
Chen Lin ◽  
Xiang Shao

This paper studies how globalization affects the corporate tax policies of U.S. manufacturing firms. Using U.S.-granting China Permanent Normal Trade Relations as a quasi-natural experiment, we find a significant increase in tax reduction activities for firms facing higher exposure to Chinese imports. The effect is more pronounced for firms with higher managerial slack. We also find that the effect is stronger for firms in less diversified products market and faster changing industries. We also show that U.S. firms facing higher Chinese import competition are more likely to engage in other tax-motivated activities: acquisition of subsidiaries in low-tax regions and suspected transfer pricing. Furthermore, we explore the 2017 tax cut and the recent U.S.-China trade dispute and find that firms engage less in tax reduction activities after the 2017 tax cut and after the tariff increase for Chinese imports. This paper was accepted by Kay Giesecke, finance.


2018 ◽  
Vol 09 (01) ◽  
pp. 1840009 ◽  
Author(s):  
YUNFA ZHU ◽  
MADANMOHAN GHOSH ◽  
DEMING LUO ◽  
NICK MACALUSO ◽  
JACOB RATTRAY

Carbon pricing generates revenues which can be recycled back into the economy in different ways to help mitigate the economic cost of abatement. These include, lump-sum transfers to households; reducing existing distortionary taxes, such as income taxes on labor and capital; investment in technology funds leading to energy/emissions efficiency improvements; and/or infrastructure developments that help expedite the adoption of low or lower carbon-intensive technologies. In this paper, we undertake illustrative simulations to explore how different revenue recycling options influence the overall economic outcome in terms of broad macroeconomic indicators, such as Gross Domestic Product (GDP) or household welfare. Environment and Climate Change Canada’s (ECCC) multi-sector, multi-region Computable General Equilibrium (CGE) model (EC-MSMR) is used to simulate various revenue recycling options. These simulations are undertaken for the U.S. economy. The main findings of the paper are: (i) using carbon revenue for a general income tax reduction or investment subsidy is more advantageous than a lump-sum transfer to U.S. consumers in terms of welfare or GDP; and (ii) using carbon revenue for a sector-based subsidy such as renewable energy is more disadvantageous than a lump-sum transfer to consumers. In terms of accumulated welfare effects, our results indicate that the best carbon revenue recycling option is the investment subsidy or capital income tax reduction in the longer horizon; labor tax reductions yield the best outcome in the shorter horizons.


2019 ◽  
Vol 22 ◽  
pp. S434
Author(s):  
V. Lorenzoni ◽  
I. Convertino ◽  
E. Lucenteforte ◽  
S. Ferraro ◽  
L. Leonardi ◽  
...  

2007 ◽  
Vol 27 (4) ◽  
pp. 404 ◽  
Author(s):  
Ying Fan ◽  
Jian Ling Jiao ◽  
Qiao Mei Liang ◽  
Zhi Yong Han ◽  
Yi Ming Wei

Sign in / Sign up

Export Citation Format

Share Document