In search of the incidence of the corporate tax on employment and wages: evidence from U.S. state tax reforms
Several controversies emerged recently following a series of corporate inversions designed to minimize corporate tax liabilities. Moreover, secular stagnation and ever-decreasing levels of corporate tax collections by federal and state jurisdictions in the U.S contributed to the resurgence of a widespread interest in tax reform. To reduce corporate tax evasion and promote economic growth, policymakers passed the "Tax Cuts and Jobs Act" in 2017 which substantially reduced the corporate income tax rate. The opportunity of the reform remains a controversial debate across the political spectrum. ...
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