State Capital Taxes and the Location of Investment: Empirical Lessons from Theoretical Models of Tax Competition
- Topics:
- Taxes
- Tags:
- Finance,
- Financial Planning,
- Free Trade,
- Investment,
- Manufacturing,
- Taxes
- Source:
- The Federal Reserve Board
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Overview: This paper studies the manufacturing investment and taxes in U.S. states makes four contributions to the empirical tax competition literature. The empirical literature has conducted both aggregate analyses, in which jurisdictions are the unit of observation, and discrete choice analyses, in which manufacturing plants are the unit of observation. This paper also provides estimates of the degree of under taxation of capital, which has been the focus of the theoretical tax competition literature but has yet to be addressed empirically.
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Format: PDF | Size: 234KB | Date: Jan 2003 | Pages: 20
