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Full-Text Articles in Public Economics
Investor Responses To Dividends Received Deductions: Rewarding Multinational Tax Avoidance?, Sebastien J. Bradley
Investor Responses To Dividends Received Deductions: Rewarding Multinational Tax Avoidance?, Sebastien J. Bradley
Sebastien J Bradley
Central to the debate over U.S. international tax reform is understanding how multinational tax avoidance behavior might respond to a reduction in taxes on repatriated foreign-source earnings. Beginning in early 2009, several attempts have been made to re-institute a temporary 85 percent dividends received deduction that would have reduced such taxes for U.S. multinational corporations. Despite an intense lobbying effort, the measure was ultimately cast aside in late 2011, temporarily yielding to the criticism, in part, that the original such provision enacted under the American Jobs Creation Act of 2004 offered a generous reward for international tax avoidance. Exploiting the …
Property Tax Salience And Payment Delinquency, Sebastien J. Bradley
Property Tax Salience And Payment Delinquency, Sebastien J. Bradley
Sebastien J Bradley
Despite only modest supporting evidence, shocks to households' personal finances are commonly cited as one of the principal causes of homeowner defaults. In this paper, I investigate the extent to which different component sources of annual variation in property tax obligations influence the probability and magnitude of property tax delinquency|a precursor to mortgage default. Under Michigan's system of property tax limitations, rational homeowners should readily anticipate changes in tax liability, making such changes an unlikely cause of delinquency, regardless of the underlying source. Looking at tax payment records for the city of Ann Arbor, Michigan for the period 2006-2009, I …