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PSLmodels / Business-Taxation

USA Corporate and Pass-Through Business Tax Model
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Updating to new baseline #93

Closed codykallen closed 5 years ago

codykallen commented 5 years ago

This lays out the steps for updating to a new baseline.

  1. Prepare the necessary methodological changes

    • International tax model
    • Section 163(j) interest limitation

  2. Change policy_current_law.json to post-TCJA parameters.

  3. Change partial equilibrium forecasts to use response to TCJA as baseline.

    • Debt financing shares
    • Repatriation rates

  4. Update economic forecast to current CBO forecast.

  5. Continue making methodological changes to improve accuracy, and compare to CBO forecast for corporate tax revenue.

codykallen commented 5 years ago

This is now complete, until the profit-shifting response has been built.