TY - BOOK ID - 84541166 TI - The Trade and Welfare Consequences of U.S. Export-Enhancing Tax Provisions AU - Tokarick, Stephen. AU - Rousslang, Don. PY - 1994 SN - 1462365167 1455203068 1281387215 145529375X 9786613779939 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Exports and Imports KW - Macroeconomics KW - Taxation KW - Trade Policy KW - International Trade Organizations KW - Trade: General KW - Empirical Studies of Trade KW - Macroeconomics: Consumption KW - Saving KW - Wealth KW - International economics KW - Public finance & taxation KW - Tariffs KW - Exports KW - Terms of trade KW - Imports KW - Consumption KW - Taxes KW - International trade KW - National accounts KW - Tariff KW - Economic policy KW - nternational cooperation KW - Economics KW - United States KW - Nternational cooperation UR - https://www.unicat.be/uniCat?func=search&query=sysid:84541166 AB - The U.S. tax code contains two provisions that encourage exports by reducing the U.S. corporate income tax on export profits. An applied general equilibrium model of the U.S. economy is used to estimate the trade and welfare consequences of eliminating both tax provisions. We find that the provisions ameliorate the trade-discouraging effects of U.S. tariffs, but they also adversely affect the U.S. terms of trade to such an extent that eliminating them is likely to improve U.S. domestic welfare. While it is possible to find a “equivalent” tariff rate that replicates the effects on trade flows of removing the tax provisions, the welfare effects of a tariff differ importantly because a tariff interacts differently than the tax provisions with other distortions in the model. ER -