The Macroeconomic Effects of Corporate Tax Reforms

  title={The Macroeconomic Effects of Corporate Tax Reforms},
  author={Francesco Furno},
  journal={SSRN Electronic Journal},
  • F. Furno
  • Published 24 November 2021
  • Economics
  • SSRN Electronic Journal
This paper extends a standard general equilibrium framework with a corporate tax code featuring two key elements: tax depreciation policy and the distinction between c-corporations and pass-through businesses. In the model, the stimulative effect of a tax rate cut on c-corporations is smaller when tax depreciation policy is accelerated, and is further diluted in the aggregate by the presence of pass-through entities. Because of a highly accelerated tax depreciation policy and a large share of… 


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