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Regional Differences And Underwriter Location In Initial Public Offerings
Equity capital is often an important source of funds for growing firms. This paper investigates the regional differences in the size of newly organized Initial Public Offerings, an important source of equity capital. It also investigates the importance of underwriter reputation and location to the size of the offering. The...
Does the Low-Income Housing Tax Credit Increase the Supply of Housing?
The Low Income Housing Tax Credit LIHTC was originated in conjunction with the Tax Reform Act of 1986 (TRA 86) to provide incentives for private sector production of low-income housing. This note examines whether these units have added to the existing stock or merely substituted for unsubsidized units that otherwise...
Does The Low-Income Housing Tax Credit Increase The Supply Of Housing?
The Low Income Housing Tax Credit LIHTC was originated in conjunction with the Tax Reform Act of 1986 (TRA 86) to provide incentives for private sector production of low-income housing. In this note we examine whether these units have added to the existing stock or merely substituted for unsubsidized units...
Taxation for the 21st Century: The Automated Payment Transaction (APT) Tax
This paper examines the desirability and feasibility of replacing the present system of personal and corporate income, sales, excise, capital gains, import and export duties, gift and estate taxes with a single comprehensive revenue neutral Automated Payment Transaction tax. In its simplest form, the APT tax consists of a flat...
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