This paper describes the creation of the data tables and the value they add to the existing Business Dynamics Statistics (BDS) product. The Business Dynamics Statistics of Single Unit Firms (BDS-SU) is an experimental data product that provides information on employment and payroll dynamics for each quarter of the year at businesses that operate in one physical location. With Christopher Goetz, Martha Stinson, and Sean Wang These results provide suggestive evidence of the future impact of sales tax base recovery that will result from more neutral nexus standards in the post-Wayfair world.īusiness Dynamics Statistics for Single-Unit Firms Results from a simulation show that unwinding half of the observed base narrowing could have generated as many as 90,350 firms, 113,600 establishments, and 2.9 million jobs during the time period. Furthermore, increasing the share of online companies with nexus by 1 percentage point translates into 0.1 percent additional (small) firms as the sales-tax-collection obligation is dispersed among a larger share of firms. Our results suggest that increasing sales tax base breadth by 1 percentage point generates 0.14 percent additional firms and establishments and 0.2 percent higher employment levels. In an effort to inform the ongoing policy discussion, we make use of state-level panel data to explore the extent to which changes in sales tax nexus were associated with changes in business establishment formation and employment between 19. The recent Supreme Court decision in the Wayfair case upended the long-standing physical presence requirement for sales tax nexus and opened the door for states to enforce sales tax collection obligations on remote sellers that have sufficient economic presence in the buyer's state. We present the first empirical analysis of the relationship between sales tax collection obligations, or nexus, and business activity. With Don Bruce, Journal of Public Economics, September 2021, volume 201, #104476 Failure to Launch: Measuring the Impact of Sales Tax Nexus Standards on Business Activity
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |