000			01122nam a22001457a 4500
999			_c518411 _d518411
008			210922b ||||| |||| 00| 0 eng d
100			_aZwick, Eric _929436
245			_aThe costs of corporate tax complexity
260			_aAmerican Economic Journal: Economic Policy
300			_a13(2). May, 2021: p.467-500
520			_aDoes tax code complexity alter corporate behavior? We investigate this question by studying the decision to claim refunds for tax losses. In a sample of 1.2 million observations from the population of corporate tax returns, only 37 percent of eligible firms claim their refund. A simple cost-benefit analysis of the tax loss choice cannot explain low take-up, motivating an exploration of how complexity alters this calculation. Research designs exploiting tax preparer switches, deaths, and relocations show that sophisticated preparers increase claim rates for small firms. Imperfect take-up has implications for measuring marginal tax rates and for the design of fiscal policy. – Reproduced
773			_aAmerican Economic Journal: Economic Policy
906			_aTAXATION
942			_cAR