Download or read book Tax Policy and Administration written by DIANE Publishing Company and published by DIANE Publishing. This book was released on 1996-12 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1981, Congress created the research tax credit to encourage business to do more research. Since its enactment on a temporary basis in 1981, the credit has been extended six times and modified four times. This report evaluates several recent studies of the effectiveness of the research tax credit to determine whether the studies provide adequate evidence to conclude that each dollar taken of the tax credit stimulates at least $1.00 of research spending in the short run, and about $2.00 of research spending in the long run.
Download or read book Tax Policy and Administration Review of Studies of the Effectiveness of the Research Tax Credit written by United States. General Accounting Office and published by . This book was released on 1996 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ggd 96 43 Tax Policy and Administration written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-01-27 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: GGD-96-43 Tax Policy and Administration: Review of Studies of the Effectiveness of the Research Tax Credit
Download or read book Tax Policy and Administration written by United States. General Accounting Office and published by . This book was released on 1989 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Policy written by James R. White and published by DIANE Publishing. This book was released on 2010-05 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tax credit for qualified research expenses provides significant subsidies to encourage business investment in research intended to foster innovation and promote long-term economic growth. Generally the credit provides a subsidy for research spending in excess of a base amount, but concerns have been raised about its design and administrability. This report describes the credit's use, determines whether it could be redesigned to improve the incentive to do new research, and assesses whether recordkeeping and other compliance costs could be reduced. The author analyzed alternative credit designs using a panel of corp. tax returns and assessed administrability by interviewing IRS and taxpayer rep. Includes recommendations. Charts and tables.
Download or read book The R D Tax Credit written by Kenneth M. Brown and published by . This book was released on 1985 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effect of State level Research and Development Tax Credits written by Lolita Anna Paff and published by . This book was released on 2001 with total page 562 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is the first study to provide evidence of the effects state-level research and development tax credits have on firm research choice behavior. It is also the first on the federal or state level to provide evidence of the effectiveness of the alternate form of R & D tax credit. Based on a unique data set developed for this study, econometric modeling of firm R & D investment is tested with data from two sources on a sample of pharmaceutical and software firms headquartered in California or Massachusetts. As of 1997, California offered increased R & D standard computation tax credit rates for basic and in-house R & D and instituted the alternate form of credit. Massachusetts has made no change in its tax R & D credit rates, nor does it offer the alternate form of credit. The before (1994--1996) and after (1997--1999) R & D choice of firms in the two states is compared. There are two principle findings from the analysis. First, firms in the same industry but different located in different states face statistically different research tax prices. The R & D expenditure choice of the pharmaceutical firms in California applying the standard form of credit computation is consistent with the increased state-level R & D tax credit rates affecting firm R & D choice. The pharmaceutical results are robust to changes in computational assumptions and firms tested. Within the same state, firms in the two industries faced different tax prices and exhibited different R & D investment behavior. The R & D choice behavior of the software firms is consistent with the availability of the alternate credit leading to increased R & D expenditure as well. The outcomes highlight the need for research policy analysis to be performed at the industry level. Second, the model's results are robust differences in data source. The estimates obtained from the 10-K and Compustat data were similar but the Compustat results were biased upward. This suggests that studies based on Compustat data may overstate firms' sensitivity to research tax credit policy.
Download or read book Tax Policy and Administration written by United States. General Accounting Office and published by DIANE Publishing. This book was released on 1997 with total page 57 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Effectiveness of Research and Experimentation Tax Credits written by and published by . This book was released on 1995 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1981 Congress enacted the research and experimentation (R & E) tax credit, as a means to encourage firms to conduct additional research and development. Congress has never made the R & E tax credit a permanent feature of the tax code; instead, it has extended and modified the policy on numerous occasions, twice after allowing it to expire. The credit once again expired in June 1995, putting Congress back in the position of deciding whether to extend the credit and, if so, for how long and with what terms. In principle, the R & E tax credit addresses an important public policy goal: stimulating private sector R & D spending, and thereby encouraging advancements in scientific and technological knowledge. As economists have long noted, R & D spending is prone to market failure due to the frequently high returns to society from R & D and the associated difficulty firms often face in appropriating the benefits of their research. Many analysts agree that the R & E tax credit is, in principle, a sensible policy instrument for encouraging the private sector to supply a more socially optimal level of R & D investment. In practice, however, the R & E tax credit often has been criticized for being indefinite in duration and unwieldy in form, for excluding certain types of R & D-performing firms, and for possibly subsidizing reseaith that would take place regardless of the credit. Existing studies of the R & E tax credit are informative in many respects but, as this report demonstrates, are dated, less than comprehensive, or otherwise unsatisfactory.
Download or read book Why People Pay Taxes written by Joel Slemrod and published by . This book was released on 1992 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts discuss strategies for curtailing tax evasion
Download or read book Tax Administration and Firm Performance written by Ms.Era Dabla-Norris and published by International Monetary Fund. This book was released on 2017-04-14 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tax compliance costs tend to be disproportionately higher for small and young businesses. This paper examines how the quality of tax administration affects firm performance for a large sample of firms in emerging market and developing economies. We construct a novel, internationally comparable, and multidimensional index of tax administration quality (the TAQI) using information from the Tax Administration Diagnostic Assessment Tool. We show that better tax administration attenuates the productivity gap of small and young firms relative to larger and older firms, a result that is robust to controlling for other aspects of tax policy and of economic governance, alternative definitions of small and young firms, and measures of the quality of tax administration. From a policy perspective, we provide evidence that countries can reap growth and productivity dividends from improvements in tax administration that lower compliance costs faced by firms.
Download or read book Indexes for Abstracts of Reports and Testimony written by and published by . This book was released on 1996 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Administration in Developing Countries written by Mr.Charles Y. Mansfield and published by International Monetary Fund. This book was released on 1987-06-01 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the role of tax administration in developing countries from an economic perspective. The traditional separation of tax policy and tax administration in the literature is shown to break down in developing countries, where tax administrators decide in what manner complicated tax legislation should actually be applied. After surveying economic literature dealing with tax administration, the paper offers guidelines on how tax administrators can help implement more efficient and equitable tax systems.
Download or read book Abstracts of Reports and Testimony written by and published by . This book was released on 1996 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The IRS Research Bulletin written by and published by . This book was released on 2003 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Taxing Wages 2021 written by OECD and published by OECD Publishing. This book was released on 2021-04-29 with total page 651 pages. Available in PDF, EPUB and Kindle. Book excerpt: This annual publication provides details of taxes paid on wages in OECD countries. It covers personal income taxes and social security contributions paid by employees, social security contributions and payroll taxes paid by employers, and cash benefits received by workers. Taxing Wages 2021 includes a special feature entitled: “Impact of COVID-19 on the Tax Wedge in OECD Countries”.
Download or read book Tax Incentives and Capital Spending written by Gary Fromm and published by Washington : Brookings Institution. This book was released on 1971 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt:
