2022/23
Oxford Business Tax Blog
Tax Policy and Investment in a Global Economy
Business tax paper of the month – April 2024
Gabriel Chodorow-Reich, Owen Zidar, and Eric Zwick, 17 April 2024
The Tax Cuts and Jobs Act (TCJA) of 2017 marked the most substantial reduction in corporate taxes in U.S. history, lowering the top corporate tax rate from 35% to 21%, altering investment incentives, and changing the treatment of international income. In this blog, the authors summarise recent research evaluating the TCJA's corporate tax provisions using administrative tax data and a new global investment model.
Harnessing global financial transparency to improve tax enforcement in developing countries
Niels Johannesen, 9 April 2024
Governments have developed a potentially powerful approach to enforcing taxes on offshore financial income and wealth: automatic information exchange across borders. In this column, and in a recent paper, the author discusses whether the approach is suitable for developing countries with limited administrative capacity and whether there exists a better alternative.
Designing fair and efficient child benefits
Kristoffer Berg, 11 March 2024
In the new Spring Budget, the Chancellor of the Exchequer Jeremy Hunt announced changes to child benefits in the UK. The changes imply higher child benefits for households in certain income groups and potentially a move towards linking child benefits to household rather than individual income. Different views about the fair priority in providing benefits to smaller versus larger households may imply different designs of child benefits, but there is also a trade-off between a fair system, administrative cost, and work incentives.
