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http://hdl.handle.net/10419/24312
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| Title: | | Vertical income tax externalities and fiscal interdependence: evidence from the US  |
| Authors: | | Esteller-Moré, Álex Solé-Ollé, Albert |
| Issue Date: | | 1999 |
| Series/Report no.: | | ZEW Discussion Papers 99-28 |
| Abstract: | | Concurrent taxation is a feature of many federal systems. As a consequence of this fact, the tax policy of one level of government affects the tax base of the other. This paper carries out a theoretical analysis of the interdependent tax-setting decisions of federal and regional governments, paying special attention to institutional features that characterise the U.S. federal system in practice and that formally link the taxes employed at various levels of government (i.e.: tax deductibility). The developed hypotheses are tested with data corresponding to the U.S. personal income taxes for the last decade. We find that when the federal government increases taxes, there is a significant positive response of regional taxes. |
| JEL: | | H21 H3 H77 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Publikationen von Forscherinnen und Forschern des ZEW ZEW Discussion Papers
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