Corporate Taxation in Europe: Let's get it together! CEPS Commentary, 16 February 2015

More comprehensive cooperation in corporate taxation at European level could significantly advance the region’s socio-economic prosperity, but its potential contribution is unfortunately overlooked in the current search for growth and job creation. Lucrative tax niches established in some member states and the fear of losing fiscal autonomy prevent several countries from accepting the move towards an EU single market for taxation. If ‘Lux leaks’ and other revelations of tax avoidance and evasion can succeed in changing the dominant attitudes in the European tax debate, this commentary outlines the steps that need to be taken to allow tax policy to play a positive role in promoting economic prosperity.

Effects of fiscal consolidations in Latin America

We use new data on cyclically adjusted primary balances for Latin America and the Caribbean to estimate e ects of scal consolidations on GDP and some of its components. Identi cation is conducted through a doubly-robust estimation procedure that controls for non-randomness in the "treatment assignment" by inverse probability weighting and impulse responses are generated by local projections. Results suggest output contraction by more than one percent on impact, with economy starting to recover from the second year on. Composition e ects indicate that revenue-based adjustments are way more contractionary than expenditure-based ones. Disentangling efects between demand components, we nd consumption being in general less responsive to consolidations than investment, although nonlinearities associated to initial levels of debt and taxation might play an important role.

Economic growth and complementarity between stages of human capital

We study the impact of the different stages of human capital accumulation on the evolution of labor productivity in a model calibrated to the U.S. from 1961 to 2008. We add early childhood education to a standard continuous time life cycle economy and assume complementarity between educational stages. There are three sectors in the model: the goods sector, the early childhood sector and the formal education sector. Agents are homogenous and choose the intensity of preschool education, how long to stay in formal school, labor effort and consumption, and there are exogenous distortions to these four decisions. The model matches the data very well and closely reproduces the paths of schooling, hours worked, relative prices and GDP. We find that the reduction in distortions to early education in the period was large and made a very strong contribution to human capital accumulation. However, due to general equilibrium effects of labor market taxation, marginal modification in the incentives for early education in 2008 had a smaller impact than those for formal education. This is because the former do not decisively affect the decision to join the labor market, while the latter do. Without labor taxation, incentives for preschool are significantly stronger.

The law relating to the duties on land values and mineral rights and to the valuation of the same , being part I of the Finance (1909-1910) act, 1910, with the incorporated enactments, full explanatory notes and a practical introduction

Half-title: Konstam's law of land values.

Report of the commissioners of inland revenue on the duties under their management, for the years 1856 to 1869 inclusive; with some retrospective history, and complete tables of accounts of the duties from their first imposition ... Presented to both Houses of Parliament by command of Her Majesty.

Mode of access: Internet.

Revenue revision of 1942 : hearings before the Committee on ways and means, House of Representatives, Seventy-seventh Congress, second session : on revenue revision of 1942.

Robert L. Doughton, chairman.

Rules of practice before the United States Processing Tax Board of Review.

At head of title: United States Treasury Department.

Revenue act of 1942. : Hearings before the Committee on finance, United States Senate, Seventy-seventh Congress, second session, on H.R. 7378, an act to provide revenue, and for other purposes.

Paged continuously.

Revenue Act of 1942 : hearings before the Committee on Finance, United States Senate, Seventy-seventh Congress, second session on H.R. 7378, an act to provide revenue, and for other purposes.

Paged continuously.

Revenue and taxation in Alaska.

Bibliographical footnotes.

Economic recovery tax act : selected provisions of interest to women.

Mode of access: Internet.

Income tax treaties. The income tax conventions of the United States with Great Britain, Canada, and other countries,

Bibliography: p. xxiii-xxxviii.

Uniform taxation for school purposes. 1914.

Mode of access: Internet.

Taxation and economic development in Ghana.

Cover title

Economic consequences of recent American tax policy,

Mode of access: Internet.