메뉴 건너뛰기




Volumn 31, Issue 1, 2010, Pages 43-79

Tax and the Crisis

Author keywords

Debt bias; Financial crisis; Real estate taxation; Tax policy

Indexed keywords


EID: 77951244818     PISSN: 01435671     EISSN: 14755890     Source Type: Journal    
DOI: 10.1111/j.1475-5890.2010.00107.x     Document Type: Article
Times cited : (38)

References (69)
  • 1
    • 2942709742 scopus 로고    scopus 로고
    • What's come to perfection perishes: adjusting capital gains taxation in Italy
    • Alworth J, Arachi G, Hamaui R. What's come to perfection perishes: adjusting capital gains taxation in Italy. National Tax Journal 2003, vol. 56:197-219. pp.
    • (2003) National Tax Journal , vol.56 , pp. 197-219
    • Alworth, J.1    Arachi, G.2    Hamaui, R.3
  • 2
    • 43949110905 scopus 로고    scopus 로고
    • How did the 2003 dividend tax cut affect stock prices?
    • Federal Reserve Bank of Chicago, Working Paper no. 2006-17
    • Amromin G, Harrison P, Sharpe S. How did the 2003 dividend tax cut affect stock prices?. 2006, Federal Reserve Bank of Chicago, Working Paper no. 2006-17
    • (2006)
    • Amromin, G.1    Harrison, P.2    Sharpe, S.3
  • 4
    • 0000529355 scopus 로고
    • Retrospective capital gains taxation: American Economic Review
    • Papers and Proceedings
    • Auerbach A J. Retrospective capital gains taxation: American Economic Review. 1991, 167-78. Papers and Proceedings, vol. 92, pp.
    • (1991) , vol.92 , pp. 167-178
    • Auerbach, A.J.1
  • 5
    • 34247557470 scopus 로고    scopus 로고
    • Taxation and corporate financial policy
    • Auerbach A J, Feldstein M. Amsterdam, North Holland
    • Auerbach A J. Taxation and corporate financial policy. Handbook of Public Economics 2002, vol. 4. Auerbach A JFeldstein M. in, Amsterdam, North Holland
    • (2002) Handbook of Public Economics , vol.4
    • Auerbach, A.J.1
  • 7
    • 0001374936 scopus 로고
    • Corporate financial policy with personal and institutional investors
    • Auerbach A J, King M A. Corporate financial policy with personal and institutional investors. Journal of Public Economics 1982, vol. 17:259-85. pp.
    • (1982) Journal of Public Economics , vol.17 , pp. 259-285
    • Auerbach, A.J.1    King, M.A.2
  • 8
    • 40549106707 scopus 로고    scopus 로고
    • Financial Stability Review
    • Bank of England, issue 21
    • Financial Stability Review. 2007, Bank of England, issue 21
    • (2007)
  • 9
    • 70149088310 scopus 로고    scopus 로고
    • Financial Stability Review
    • Bank of England, issue 24
    • Financial Stability Review. 2008, Bank of England, issue 24
    • (2008)
  • 10
    • 21044448105 scopus 로고    scopus 로고
    • Flow of Funds Accounts of the United States
    • Board of Governors of the Federal Reserve System, 11 December, at
    • Flow of Funds Accounts of the United States. 2008, http://www.federalreserve.gov/releases/z1/, Board of Governors of the Federal Reserve System, 11 December, at
    • (2008)
  • 11
    • 0037730187 scopus 로고    scopus 로고
    • Generalised R-based and S-based taxes under uncertainty
    • Bond S R, Devereux M P. Generalised R-based and S-based taxes under uncertainty. Journal of Public Economics 2003, vol. 87:1291-311. pp.
    • (2003) Journal of Public Economics , vol.87 , pp. 1291-1311
    • Bond, S.R.1    Devereux, M.P.2
  • 12
    • 77951210343 scopus 로고    scopus 로고
    • Stamp duty on shares and its effect on share prices
    • Bond S R, Hawkins M, Klemm A. Stamp duty on shares and its effect on share prices. FinanzArchiv 2005, vol. 61:275-97. pp.
    • (2005) FinanzArchiv , vol.61 , pp. 275-297
    • Bond, S.R.1    Hawkins, M.2    Klemm, A.3
  • 15
    • 70350615097 scopus 로고    scopus 로고
    • The changing housing cycle and the implications for monetary policy
    • April, Washington, DC, International Monetary Fund
    • Cardarelli R, Igan D, Rebucci A. The changing housing cycle and the implications for monetary policy. World Economic Outlook 2008, in, April, Washington, DC, International Monetary Fund
    • (2008) World Economic Outlook
    • Cardarelli, R.1    Igan, D.2    Rebucci, A.3
  • 16
    • 49749135783 scopus 로고    scopus 로고
    • Taxes and capital structure: a study of European companies
    • Cheng Y, Green C J. Taxes and capital structure: a study of European companies. The Manchester School 2008, vol. 76(no. S1):85-115. pp.
    • (2008) The Manchester School , vol.76 , Issue.NO. S1 , pp. 85-115
    • Cheng, Y.1    Green, C.J.2
  • 18
    • 24144481788 scopus 로고    scopus 로고
    • Corporate financial structure and financial stability
    • Davis P E, Stone M R. Corporate financial structure and financial stability. Journal of Financial Stability 2004, vol. 1:65-91. pp.
    • (2004) Journal of Financial Stability , vol.1 , pp. 65-91
    • Davis, P.E.1    Stone, M.R.2
  • 19
    • 0000136455 scopus 로고
    • Too much investment: a problem of asymmetric information
    • de Meza D, Webb D. Too much investment: a problem of asymmetric information. Quarterly Journal of Economics 1987, vol. 102:281-92. pp.
    • (1987) Quarterly Journal of Economics , vol.102 , pp. 281-292
    • de Meza, D.1    Webb, D.2
  • 21
    • 10944260107 scopus 로고    scopus 로고
    • A multinational perspective on capital structure choice and internal capital markets
    • Desai M A, Foley C F, Hines J R. A multinational perspective on capital structure choice and internal capital markets. Journal of Finance 2004, vol. 59:2451-87. pp.
    • (2004) Journal of Finance , vol.59 , pp. 2451-2487
    • Desai, M.A.1    Foley, C.F.2    Hines, J.R.3
  • 22
    • 0036800120 scopus 로고    scopus 로고
    • Corporate income tax reforms and international tax competition
    • Devereux M P, Griffith R, Klemm A. Corporate income tax reforms and international tax competition. Economic Policy 2002, vol. 17:451-95. pp.
    • (2002) Economic Policy , vol.17 , pp. 451-495
    • Devereux, M.P.1    Griffith, R.2    Klemm, A.3
  • 24
    • 0038957659 scopus 로고    scopus 로고
    • Tax-induced portfolio reshuffling: the case of the mortgage interest deduction
    • Dunsky R M, Follain J R. Tax-induced portfolio reshuffling: the case of the mortgage interest deduction. Real Estate Economics 2000, vol. 28:683-718. pp.
    • (2000) Real Estate Economics , vol.28 , pp. 683-718
    • Dunsky, R.M.1    Follain, J.R.2
  • 26
    • 70350548177 scopus 로고    scopus 로고
    • Financial Stability Review
    • European Central Bank, December
    • Financial Stability Review. 2006, European Central Bank, December
    • (2006)
  • 28
    • 0344436678 scopus 로고    scopus 로고
    • Taxes and corporate finance: a review
    • Graham J R. Taxes and corporate finance: a review. Review of Financial Studies 2003, vol. 16:1075-129. pp.
    • (2003) Review of Financial Studies , vol.16 , pp. 1075-1129
    • Graham, J.R.1
  • 29
    • 77951227725 scopus 로고    scopus 로고
    • International capital taxation
    • paper prepared for the Report of a Commission on Reforming the Tax System for the 21 Century, chaired by Sir James Mirrlees, forthcoming in J. Mirrlees, S. Adam, T. Besley, R. Blundell, S. Bond, R. Chote, M. Gammie, P. Johnson, G. Myles and J. Poterba (eds), Dimensions of Tax Design: The Mirrlees Review, Oxford: Oxford University Press for Institute for Fiscal Studies
    • Griffith R, Hines J R, Sørensen P B. International capital taxation. 2008, http://www.ifs.org.uk/mirrleesreview/press_docs/international.pdf, paper prepared for the Report of a Commission on Reforming the Tax System for the 21 Century, chaired by Sir James Mirrlees, forthcoming in J. Mirrlees, S. Adam, T. Besley, R. Blundell, S. Bond, R. Chote, M. Gammie, P. Johnson, G. Myles and J. Poterba (eds), Dimensions of Tax Design: The Mirrlees Review, Oxford: Oxford University Press for Institute for Fiscal Studies
    • (2008)
    • Griffith, R.1    Hines, J.R.2    Sørensen, P.B.3
  • 32
    • 33646508241 scopus 로고    scopus 로고
    • Household leverage and the deductibility of home mortgage interest: evidence from UK house purchases
    • Hendershott P, Price G, White M. Household leverage and the deductibility of home mortgage interest: evidence from UK house purchases. Journal of Housing Research 2003, vol. 14:49-82. pp.
    • (2003) Journal of Housing Research , vol.14 , pp. 49-82
    • Hendershott, P.1    Price, G.2    White, M.3
  • 34
    • 79952026981 scopus 로고    scopus 로고
    • Debt bias and other distortions: crisis-related issues in tax policy
    • International Monetary Fund, prepared by the Fiscal Affairs Department, 12 June, available at
    • Debt bias and other distortions: crisis-related issues in tax policy. 2009a, http://www.imf.org, International Monetary Fund, prepared by the Fiscal Affairs Department, 12 June, available at
    • (2009)
  • 35
    • 70350031092 scopus 로고    scopus 로고
    • Lessons of the financial crisis for future regulation of financial institutions and markets and for liquidity management
    • International Monetary Fund, prepared by the Monetary and Capital Markets Department, 4 February, available at
    • Lessons of the financial crisis for future regulation of financial institutions and markets and for liquidity management. 2009b, http://www.imf.org, International Monetary Fund, prepared by the Monetary and Capital Markets Department, 4 February, available at
    • (2009)
  • 36
    • 2442601067 scopus 로고    scopus 로고
    • Is targeted tax competition less harmful than its remedies?
    • Janeba E, Smart M. Is targeted tax competition less harmful than its remedies?. International Tax and Public Finance 2003, vol. 10:259-80. pp.
    • (2003) International Tax and Public Finance , vol.10 , pp. 259-280
    • Janeba, E.1    Smart, M.2
  • 38
    • 0011005968 scopus 로고    scopus 로고
    • Preferential regimes can make tax competition less harmful
    • Keen M. Preferential regimes can make tax competition less harmful. National Tax Journal 2001, vol. 54:757-62. pp.
    • (2001) National Tax Journal , vol.54 , pp. 757-762
    • Keen, M.1
  • 39
    • 84857924815 scopus 로고    scopus 로고
    • Tax competition
    • Durlauf S N, Blume L E. second edition, London, Palgrave Macmillan
    • Keen M. Tax competition. The New Palgrave Dictionary of Economics 2008, Durlauf S NBlume L E. in, second edition, London, Palgrave Macmillan
    • (2008) The New Palgrave Dictionary of Economics
    • Keen, M.1
  • 40
    • 0348002973 scopus 로고    scopus 로고
    • The Croatian profit tax: an ACE in practice
    • Keen M, King J. The Croatian profit tax: an ACE in practice. Fiscal Studies 2002, vol. 23:401-18. pp.
    • (2002) Fiscal Studies , vol.23 , pp. 401-418
    • Keen, M.1    King, J.2
  • 42
    • 77951233745 scopus 로고    scopus 로고
    • Designing an income tax on capital
    • Aaron H J, Burman L, Steuerle E. Washington, DC, Urban Institute Press
    • Kleinbard E. Designing an income tax on capital. Taxing Capital Income 2007, Aaron H JBurman LSteuerle E. in, Washington, DC, Urban Institute Press
    • (2007) Taxing Capital Income
    • Kleinbard, E.1
  • 43
    • 34547904269 scopus 로고    scopus 로고
    • Allowances for corporate equity in practice
    • Klemm A. Allowances for corporate equity in practice. CESifo Economic Studies 2007, vol. 53:229-62. pp.
    • (2007) CESifo Economic Studies , vol.53 , pp. 229-262
    • Klemm, A.1
  • 44
    • 68549113887 scopus 로고    scopus 로고
    • Financial stress and economic downturns
    • October, Washington, DC, International Monetary Fund
    • Lall S, Cardarelli R, Elekdag S. Financial stress and economic downturns. World Economic Outlook 2008, in, October, Washington, DC, International Monetary Fund
    • (2008) World Economic Outlook
    • Lall, S.1    Cardarelli, R.2    Elekdag, S.3
  • 46
    • 76649090844 scopus 로고
    • Do taxes affect corporate financing decisions?
    • MacKie-Mason J. Do taxes affect corporate financing decisions?. Journal of Finance 1990, vol. 45:1471-93. pp.
    • (1990) Journal of Finance , vol.45 , pp. 1471-1493
    • MacKie-Mason, J.1
  • 47
    • 0009223499 scopus 로고
    • The Structure and Reform of Direct Taxation
    • Report of a Committee chaired by Professor J. E. Meade, London: George Allen & Unwin
    • Meade J E. The Structure and Reform of Direct Taxation. 1978, Report of a Committee chaired by Professor J. E. Meade, London: George Allen & Unwin
    • (1978)
    • Meade, J.E.1
  • 48
    • 84944072660 scopus 로고
    • Debt and taxes
    • Miller M H. Debt and taxes. Journal of Finance 1977, vol. 32:261-75. pp.
    • (1977) Journal of Finance , vol.32 , pp. 261-275
    • Miller, M.H.1
  • 49
    • 3142749287 scopus 로고    scopus 로고
    • Conduit entities: implications of indirect tax-efficient financing structures for real investment
    • Mintz J. Conduit entities: implications of indirect tax-efficient financing structures for real investment. International Tax and Public Finance 2004, vol. 11:419-34. pp.
    • (2004) International Tax and Public Finance , vol.11 , pp. 419-434
    • Mintz, J.1
  • 52
    • 84924510230 scopus 로고    scopus 로고
    • Moving to territoriality? Implications for the US and the rest of the world: Tax Notes International
    • 4 September
    • Mullins P. Moving to territoriality? Implications for the US and the rest of the world: Tax Notes International. 2006, 4 September
    • (2006)
    • Mullins, P.1
  • 53
    • 0003721276 scopus 로고    scopus 로고
    • OECD, Paris, Organisation for Economic Cooperation and Development
    • Harmful Tax Competition: An Emerging Global Issue 1998, OECD, Paris, Organisation for Economic Cooperation and Development
    • (1998) Harmful Tax Competition: An Emerging Global Issue
  • 55
    • 4043069913 scopus 로고    scopus 로고
    • Taxation and corporate payout policy
    • Poterba J M. Taxation and corporate payout policy. American Economic Review 2004, vol. 94:171-5. pp.
    • (2004) American Economic Review , vol.94 , pp. 171-175
    • Poterba, J.M.1
  • 58
    • 60849111968 scopus 로고    scopus 로고
    • The end of the wheeling and dealing
    • Sinn H-W. The end of the wheeling and dealing. CESifo Forum 2008, vol. 9(no. 4).
    • (2008) CESifo Forum , vol.9 , Issue.NO. 4
    • Sinn, H.-.W.1
  • 59
    • 70449086284 scopus 로고    scopus 로고
    • Lessons for tax policy in the great recession
    • Slemrod J. Lessons for tax policy in the great recession. National Tax Journal 2009, vol. 62:387-97. pp.
    • (2009) National Tax Journal , vol.62 , pp. 387-397
    • Slemrod, J.1
  • 61
    • 0000342340 scopus 로고
    • Credit rationing in markets with imperfect information
    • Stiglitz J, Weiss A. Credit rationing in markets with imperfect information. American Economic Review 1981, vol. 71:393-410. pp.
    • (1981) American Economic Review , vol.71 , pp. 393-410
    • Stiglitz, J.1    Weiss, A.2
  • 63
    • 77951237379 scopus 로고    scopus 로고
    • UK House of Commons Treasury Committee, London, Stationery Office
    • Private Equity: Tenth Report of Session 2006-07 2007, UK House of Commons Treasury Committee, London, Stationery Office
    • (2007) Private Equity: Tenth Report of Session 2006-07
  • 65
    • 77951241843 scopus 로고    scopus 로고
    • Private Equity: Recent Growth in Leveraged Buyouts Exposed Risks that Warrant Continued Attention
    • US Government Accountability Office, Washington, DC
    • Private Equity: Recent Growth in Leveraged Buyouts Exposed Risks that Warrant Continued Attention. 2008, US Government Accountability Office, Washington, DC
    • (2008)
  • 66
    • 66449106576 scopus 로고    scopus 로고
    • Tax incentives and house price volatility in the euro area: theory and evidence
    • van den Noord P. Tax incentives and house price volatility in the euro area: theory and evidence. Économie internationale 2005, vol. 101:29-45. pp.
    • (2005) Économie internationale , vol.101 , pp. 29-45
    • van den Noord, P.1
  • 68
    • 33751307686 scopus 로고    scopus 로고
    • The impact of transaction costs on turnover, asset prices and volatility: the case of Sweden's and Finland's security transaction tax reductions
    • Westerholm J. The impact of transaction costs on turnover, asset prices and volatility: the case of Sweden's and Finland's security transaction tax reductions. Finnish Journal of Business Economics 2003, vol. 2:213-41. pp.
    • (2003) Finnish Journal of Business Economics , vol.2 , pp. 213-241
    • Westerholm, J.1
  • 69
    • 0346838278 scopus 로고    scopus 로고
    • Theories of tax competition
    • Wilson J D. Theories of tax competition. National Tax Journal 1999, vol. 52:269-304. pp.
    • (1999) National Tax Journal , vol.52 , pp. 269-304
    • Wilson, J.D.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.