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Article
The 2008 Financial Crisis: Implications for Income Tax Reform
New York University Law and Economics Working Papers
  • Daniel N Shaviro, NYU
Document Type
Article
Abstract

Tax rules encouraging excessive debt, complex financial transactions, poorly designed incentive compensation for corporate managers, and highly leveraged home ownership all may have contributed to the financial crisis, but do not appear to have been among the primary causes. Even without a strong causal link, however, the preexisting case for tax reform at all these margins arguably is strengthened by the 2008 financial crisis, which suggests that tax rules not only fell short of classic neutrality benchmarks but generally leaned in precisely the wrong direction.

Date of Authorship for this Version
9-1-2009
Citation Information
Daniel N Shaviro. "The 2008 Financial Crisis: Implications for Income Tax Reform" (2009)
Available at: http://works.bepress.com/daniel_shaviro/5/