The effect of the Tax Reform Act of 1986 on technological innovation
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The effect of the Tax Reform Act of 1986 on technological innovation

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Published by Library of Congress, Congressional Research Service in Washington, D.C .
Written in English

Subjects:

  • United States.,
  • Research, Industrial -- Taxation -- Law and legislation -- United States,
  • Investments -- Taxation -- Law and legislation -- United States,
  • Technological innovations -- United States,
  • Research and development tax credit -- Law and legislation -- United States,
  • Investment tax credit -- Law and legislation -- United States,
  • Tax incentives -- United States

Book details:

Edition Notes

Statementby Jane G. Gravelle
SeriesCRS Report for Congress -- no. 87-124E, Report (Library of Congress. Congressional Research Service) -- no. 87-124E, Major studies and issue briefs of the Congressional Research Service -- 1987-88, reel 13, fr. 00568
ContributionsLibrary of Congress. Congressional Research Service
The Physical Object
FormatMicroform
Pagination5 p.
ID Numbers
Open LibraryOL15456443M

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TRA86 in the larger tax reform debate of the period. While the Act itself was not signed into law until late , it can be traced to a series of proposals over sev-eral years, beginning with the "Fair Tax Act, a bill introduced by Senator Bill Bradley and Representative Richard Gephardt in the summer of just two years after the passage. issues likely to be raised is the effect of the Tax Reform Act of (TRA) on those sectors of the economy that have tradi-tionally been on the cutting edge of the development and application of new in-dustrial technologies. This paper presents some simulations of the effects of TRA on the effective tax rates faced by some typical high technol-. Downloadable (with restrictions)! The Tax Reform Act of constituted the most sweeping postwar change in the U.S. federal income tax. This paper considers what the Act accomplished and its implications for future tax policy. After a review of the Act itself, and why it happened, we consider the evidence of the Act's impact on economic activity and how this evidence squares with initial.   This paper examines the effects of the Tax Reform Act of on the international location decisions of U.S. financial services firms. The Act included rule changes that made it substantially more difficult for U.S. firms to defer U.S. taxes on overseas financial services income held in low-tax jurisdictions.

  Tax Reform Act of , the most-extensive review and overhaul of the Internal Revenue Code by the U.S. Congress since the inception of the income tax in (the Sixteenth Amendment).Its purpose was to simplify the tax code, broaden the tax base, and eliminate many tax shelters and preferences. It was intended to be essentially revenue-neutral, though it did shift some of the tax .   The Tax Reform Act of (TRA), which drastically changed the tax regime, provides a unique opportunity to assess the interaction between taxes and leverage decisions in a controlled environment. We test the relationship between leverage and certain tax-related variables for a large sample of companies in the years surrounding the enactment. At the onset of the Tax Reform Act, market interest rates were % (FHLMC data for ). Just prior to the implementation of the Tax Reform Act of , market rates had fallen to %. From to the ACRS class life ratcheted upward from 15 to 19 years thereby reducing the. The Tax Reform Act of is referred to as " Act, §."1. apply for calendar year For a July 1 - June 30 fiscal year taxpayer, the maximum rate on its taxable income will be 46 percent, and on its taxable income will be 34 percent. 2. Rates for capital gains. (

Tax Reform Act by Calling for President Bush to Join in Cleaning Up the Tax Code Washington, D.C.—Twenty years after the last major tax reform act was signed into law, former U.S. Senator Bill Bradley (D-NJ) and Senator Ron Wyden (D-OR) have scheduled a news conference this Monday, Octo to urge President Bush to join Congress in. Enter your keywords. Sort by.   Froot, K. and J. Stein, , Exchange rates and foreign direct investment: An imperfect capital market approach, Quarterly Journal of Economics , Givoly, D. and C. Hayn, , The aggregate and distributional effects of the Tax Reform Act of on firm valuation, Journal of Busin The U.S. Congress passed the Tax Reform Act of (TRA) (Pub.L. 99–, Stat. , enacted Octo ) to simplify the income tax code, broaden the tax base and eliminate many tax shelters. Referred to as the second of the two "Reagan tax cuts" (the Economic Recovery Tax Act of being the first), the bill was also officially sponsored by Democrats, Richard Gephardt of.