This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with

This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with

This is an open access title available under the terms of a CC BY-NC-ND 4.0 licence. It is offered as a free PDF download from OUP and selected open access loca

Where the US tax system stands today, how it evolved, and how it should be changed.

Cash flow taxes eliminate many of the problems of the corporate income tax, but they have significant administrative, transitional, and international problems,