Michael Smart

University of Toronto - Department of Economics

150 St. George Street

Institute for Policy Analysis

Toronto, Ontario M5S 3G7

Canada

  • University of Toronto - Department of Economics

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    • Tel: 416-978-5119
    • Fax: 416-978-6713
SCHOLARLY PAPERS

41

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9,371

TOTAL CITATIONS
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Top 3,447

in Total Papers Citations

208

Scholarly Papers (41)

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1.

In Praise of Tax Havens: International Tax Planning and Foreign Direct Investment

CESifo Working Paper Series No. 1942
Number of pages: 29 Posted: 28 Mar 2007
Qing Hong and Michael Smart
University of Toronto - Department of Economics and University of Toronto - Department of Economics
Downloads 1,307 (31,366)
Citation 22

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income shifting, tax planning, foreign direct investment, tax competition, thin capitalization

2.

On Limited Liability and the Development of Capital Markets: An Historical Analysis

Number of pages: 25 Posted: 09 Dec 1996
Michael Smart
University of Toronto - Department of Economics
Downloads 572 (96,225)
Citation 3

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3.

Study to Quantify and Analyse the VAT Gap in the EU-27 Member States

CASE Network Reports No. 116/2013
Number of pages: 168 Posted: 11 Dec 2013
Luca Barbone, Misha Belkindas, Leon Bettendorf, Richard M. Bird, Mikhail Bonch-Osmolovskiy and Michael Smart
CASE - Center for Economic and Social Research, CASE - Center for Social and Economic Research, CPB Netherlands Bureau of Economic Policy Analysis, affiliation not provided to SSRN, CASE - Center for Social and Economic Research and University of Toronto - Department of Economics
Downloads 516 (109,348)
Citation 12

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Optimal Taxation, Efficiency, Incidence, Externalities, Redistributive Effects, Environmental Taxes and Subsidies, Personal Income and Other Nonbusiness Taxes and Subsidies, Business Taxes and Subsidies, Tax Evasion, Other Sources of Revenue, Other

4.

Regional Grants as Pork Barrel Politics

Number of pages: 25 Posted: 26 Apr 2005
Kevin S. Milligan and Michael Smart
University of British Columbia (UBC) - Department of Economics and University of Toronto - Department of Economics
Downloads 507 (111,757)
Citation 1

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5.

The Impact on Investment of Replacing a Retail Sales Tax by a Value-Added Tax: Evidence from Canadian Experience

Number of pages: 27 Posted: 29 Sep 2008
Michael Smart and Richard M. Bird
University of Toronto - Department of Economics and affiliation not provided to SSRN
Downloads 451 (128,390)
Citation 7

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state taxes, sales tax, value-added tax, investment

6.

Income Shifting, Investment, and Tax Competition: Theory and Evidence from Provincial Taxation in Canada

Number of pages: 19 Posted: 11 Sep 2001
Jack Mintz and Michael Smart
University of Calgary - The School of Public Policy and University of Toronto - Department of Economics
Downloads 439 (132,591)
Citation 19

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7.

The Economic Incidence of Replacing a Retail Sales Tax by a Value-Added Tax: Evidence from Canadian Experience

Number of pages: 22 Posted: 29 Sep 2008 Last Revised: 03 Nov 2008
Michael Smart and Richard M. Bird
University of Toronto - Department of Economics and affiliation not provided to SSRN
Downloads 377 (157,833)
Citation 3

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tax incidence, sales tax, value-added tax, Canada

8.

VAT in a Federal System: Lessons from Canada

Rotman School of Management Working Paper No. 2115622
Number of pages: 29 Posted: 24 Jul 2012
Richard M. Bird and Michael Smart
affiliation not provided to SSRN and University of Toronto - Department of Economics
Downloads 368 (162,061)

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VAT, GST, Canada, dual VAT

9.

The Gst Cut and Fiscal Imbalance

Number of pages: 29 Posted: 13 Jul 2006
Michael Smart and Richard M. Bird
University of Toronto - Department of Economics and affiliation not provided to SSRN
Downloads 359 (166,573)
Citation 7

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Canada, GST, fiscal imbalance, retail sales tax

10.

The Efficiency Consequences of Local Revenue Equalization: Tax Competition and Tax Distortions

Number of pages: 24 Posted: 27 Oct 2002
Sam Bucovetsky and Michael Smart
York University - Department of Economics and University of Toronto - Department of Economics
Downloads 349 (171,735)
Citation 6

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Tax Competition, Intergovernmental Grants

11.

Is Targeted Tax Competition Less Harmful than its Remedies?

Number of pages: 24 Posted: 20 Nov 2001
Eckhard Janeba and Michael Smart
University of Mannheim - Department of Economics and University of Toronto - Department of Economics
Downloads 312 (193,572)
Citation 4

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Preferential Taxation, Tax Competition, Multiple Tax Bases

12.

Assigning State Taxes in a Federal Country: The Case of Australia

Number of pages: 47 Posted: 18 Jul 2009 Last Revised: 21 Jul 2009
Richard M. Bird and Michael Smart
affiliation not provided to SSRN and University of Toronto - Department of Economics
Downloads 295 (205,578)
Citation 6

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Australia, state taxes, intergovernmental transfers, fiscal federalism

13.

Term Limits and Electoral Accountability

Downloads 288 (210,758)
Citation 49

Term Limits and Electoral Accountability

LSE PSPE Working Paper No. 3
Number of pages: 30 Posted: 21 Dec 2007 Last Revised: 26 Dec 2007
Michael Smart and Daniel M. Sturm
University of Toronto - Department of Economics and Ludwig Maximilian University of Munich (LMU) - Faculty of Economics
Downloads 245 (246,676)
Citation 19

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Term Limits and Electoral Accountability

Number of pages: 42 Posted: 05 Apr 2004
Michael Smart and Daniel M. Sturm
University of Toronto - Department of Economics and Ludwig Maximilian University of Munich (LMU) - Faculty of Economics
Downloads 43 (828,258)
Citation 30
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Political agency, accountability, term limits

14.

Incentives for Public Investment Under Fiscal Rules

World Bank Policy Research Working Paper No. 3860
Number of pages: 32 Posted: 20 Apr 2016
Jack Mintz and Michael Smart
University of Calgary - The School of Public Policy and University of Toronto - Department of Economics
Downloads 266 (228,453)

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Public Sector Economics & Finance, Investment and Investment Climate, Economic Theory & Research, Public & Municipal Finance, Urban Economics

15.

Departures from Neutrality in Canada's Goods and Services Tax

University of Calgary SPP Research Papers, Vol. 5, Issue 5, February 2012
Number of pages: 27 Posted: 29 Feb 2012
Michael Smart
University of Toronto - Department of Economics
Downloads 219 (276,115)

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tax, GST, value, added, consumption, policy, inefficiency, efficiency, rate, revenue, VAT, HST, Canada, system

16.

Earmarked Grants and Accountability in Government

Rotman School of Management Working Paper No. 1498775
Number of pages: 26 Posted: 03 Nov 2009
Richard M. Bird and Michael Smart
affiliation not provided to SSRN and University of Toronto - Department of Economics
Downloads 206 (292,468)
Citation 2

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grants, grants, earmarking, accountability, fiscal federalism, intergovernmental transfers

17.

Taxing Consumption in Canada: Rates, Revenues, and Redistribution

Number of pages: 28 Posted: 15 Mar 2016
Richard M. Bird and Michael Smart
affiliation not provided to SSRN and University of Toronto - Department of Economics
Downloads 200 (300,527)
Citation 3

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sales tax, excise tax, value-added tax, incidence, progressivity

18.

The Impact of Sales Tax Reform on Ontario Consumers: A First Look at the Evidence

SPP Research Paper No. 11-3
Number of pages: 23 Posted: 06 Sep 2011
Michael Smart
University of Toronto - Department of Economics
Downloads 194 (309,017)
Citation 3

Abstract:

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HST, Tax, Ontario, Consumer, GST

19.

Tax Policy Next to the Elephant: Business Tax Reform in the Wake of the US Tax Cuts and Jobs Act

C.D. Howe Institute Commentary 537
Number of pages: 36 Posted: 07 Apr 2019
Kenneth J. McKenzie and Michael Smart
University of Calgary - Department of Economics and University of Toronto - Department of Economics
Downloads 184 (324,260)
Citation 9

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Fiscal and Tax Policy; Business and Capital Taxation;International Competitiveness

20.

Limited Liability and the Development of Capital Markets

FRB of Cleveland Working Paper No. 07-03
Number of pages: 33 Posted: 19 Oct 2007
Ed Nosal and Michael Smart
Federal Reserve Banks - Federal Reserve Bank of Atlanta and University of Toronto - Department of Economics
Downloads 169 (349,539)
Citation 1

Abstract:

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limited liability, capital markets, risk, investment

21.

Vat Compliance, Trade, and Institutions

CESifo Working Paper No. 7780
Number of pages: 41 Posted: 09 Aug 2019
Peter Morrow, Michael Smart and Artur Swistak
University of Toronto, University of Toronto - Department of Economics and International Monetary Fund (IMF)
Downloads 157 (372,103)
Citation 11

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22.

Policy Forum: Inequity and Inefficiency in the Tax Treatment of Capital Gains

Canadian Tax Journal/Revue fiscale canadienne, Vol. 69, No. 4, 2021, pp. 1157-1174
Number of pages: 18 Posted: 16 Feb 2022
Michael Smart and Sobia Hasan Jafry
University of Toronto - Department of Economics and University of Toronto - Department of Economics
Downloads 154 (378,154)

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Capital gains, tax avoidance, tax shelters, tax equity, surplus stripping, income distribution

23.

The Employment Effects of a Pandemic Wage Subsidy

Downloads 150 (386,524)

The Employment Effects of a Pandemic Wage Subsidy

CESifo Working Paper No. 10218
Number of pages: 35 Posted: 26 Jan 2023
Michael Smart, Matthew Kronberg, Josip Lesica, Danny Leung and Huju Liu
University of Toronto - Department of Economics, Finances of the Nation, Statistics Canada, Government of Canada - Department of Finance Canada and Statistics Canada
Downloads 126 (444,866)

Abstract:

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Canada emergency wage subsidy, Covid-19, incrementality

The Employment Effects of a Pandemic Wage Subsidy

Number of pages: 42 Posted: 14 Feb 2024
Michael Smart, Matthew Kronberg, Josip Lesica and Huju Liu
University of Toronto - Department of Economics, Finances of the Nation, Statistics Canada and Government of Canada - Micro-Economic Analysis Division
Downloads 24 (1,001,956)

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Canada Emergency Wage Subsidy, COVID-19, incrementality

24.

Raising Taxes through Equalization

CESifo Working Paper Series No. 1926
Number of pages: 28 Posted: 07 Mar 2007
Michael Smart
University of Toronto - Department of Economics
Downloads 147 (392,887)
Citation 3

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25.

Do Fiscal Transfers Alleviate Business Tax Competition? Evidence from Germany

CESifo Working Paper Series No. 1955
Number of pages: 41 Posted: 18 Apr 2007
Peter H. Egger, Marko Köthenbürger and Michael Smart
Ifo Institute for Economic Research - International Trade and Foreign Direct Investment, ETH Zurich - Department of Management, Technology and Economics and University of Toronto - Department of Economics
Downloads 143 (401,627)
Citation 16

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equalization grants, tax competition, local public finance, fiscal capacity equalization

26.

Tax-Exempt Investors and the Asset Allocation Puzzle

Number of pages: 18 Posted: 19 Feb 2001
Jack Mintz and Michael Smart
University of Calgary - The School of Public Policy and University of Toronto - Department of Economics
Downloads 139 (410,696)
Citation 2

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27.

Corporate Lobbying and Commitment Failure in Capital Taxation

Number of pages: 17 Posted: 22 Apr 2002
Nicolas Marceau and Michael Smart
Centre Interuniversitaire sur le Risque, les Politiques Economiques et l'Emploi (CIRPEE) and University of Toronto - Department of Economics
Downloads 128 (437,921)
Citation 7

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28.

Tax Credits and the Use of Medical Care

NBER Working Paper No. w9855
Number of pages: 37 Posted: 23 Jul 2003 Last Revised: 07 Dec 2022
Michael Smart and Mark Stabile
University of Toronto - Department of Economics and INSEAD
Downloads 115 (475,144)

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29.

Tax Loss Utilization and Corporate Groups: A Policy Conundrum

SPP Research Paper No. 6-3
Number of pages: 26 Posted: 28 Mar 2013
Stephen Richardson and Michael Smart
University of Calgary - School of Public Policy and University of Toronto - Department of Economics
Downloads 101 (522,026)

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corporate, tax, Canada, investments, policy, system, business, law, transfer, income

30.

The Structure and Presentation of Provincial Budgets

SPP Research Paper No. 8-25
Number of pages: 32 Posted: 06 Jun 2015
Bev Dahlby and Michael Smart
University of Calgary and University of Toronto - Department of Economics
Downloads 94 (547,142)
Citation 1

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public infrastructure,public infrastructure using debt,capital budgeting, provincial budgeting,infrastructure

31.

Fiscal Restraints and Voter Welfare

LSE STICERD Research Paper No. PEPP06
Number of pages: 32 Posted: 11 Jul 2008
Timothy J. Besley and Michael Smart
London School of Economics & Political Science (LSE) - Department of Economics and University of Toronto - Department of Economics
Downloads 91 (558,489)
Citation 7

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32.

An Estimable Model of Income Redistribution in a Federation: Musgrave Meets Oates

CESifo Working Paper Series No. 7043
Number of pages: 32 Posted: 18 Jul 2018
Kevin S. Milligan and Michael Smart
University of British Columbia (UBC) - Department of Economics and University of Toronto - Department of Economics
Downloads 75 (625,504)
Citation 4

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taxation, redistribution, fiscal federalism

33.

Allocating Taxable Income for Provincial Corporate Income Taxation in Canada, 2015-2017: Practice and Analysis

The School of Public Policy Publications 2021
Number of pages: 17 Posted: 24 Mar 2021
Michael Smart and François Vaillancourt
University of Toronto - Department of Economics and University of Montreal
Downloads 64 (678,936)

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corporate income tax, formula allocation

34.

Finances of the Nation: Taxation of Top Incomes in Canada — Recent Developments in Rates and Redistribution

Canadian Tax Journal/Revue fiscale canadienne, Vol. 67, No. 2, 2019, pp. 349-361
Number of pages: 14 Posted: 24 Jun 2019
Michael Smart
University of Toronto - Department of Economics
Downloads 58 (711,226)

Abstract:

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tax rates, tax revenues, redistribution, equality

35.

Finances of the Nation: The Impact of Covid-19 on Provincial and Local Government Finances

Canadian Tax Journal/Revue fiscale canadienne, Vol. 70, No. 3, 2022, pp. 643 -657
Number of pages: 16 Posted: 14 Dec 2022
Ayaka Behro and Michael Smart
Finances of the Nation and University of Toronto - Department of Economics
Downloads 54 (734,602)

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Fiscal Policy, Government Finance, Public Finance, Provincial Taxes, Spending, Health Care Expenditures

36.

Policy Forum: Business Tax Reform in the United States and Canada

Canadian Tax Journal/Revue fiscale canadienne, Vol. 67, No. 1, 2019
Number of pages: 10 Posted: 23 May 2019
Kenneth J. McKenzie and Michael Smart
University of Calgary - Department of Economics and University of Toronto - Department of Economics
Downloads 49 (766,090)

Abstract:

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tax reform, corporate taxes, investment, tax rates

37.

Taxation and Top Incomes in Canada

NBER Working Paper No. w20489
Number of pages: 39 Posted: 15 Sep 2014 Last Revised: 26 Jun 2023
Kevin S. Milligan and Michael Smart
University of British Columbia (UBC) - Department of Economics and University of Toronto - Department of Economics
Downloads 36 (861,455)

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38.

Distributionally Sensitive Cost-Benefit Analysis

Number of pages: 39 Posted: 10 Jun 2024
Michael Smart and Robin Boadway
University of Toronto - Department of Economics and affiliation not provided to SSRN
Downloads 19 (1,025,243)

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applied welfare economics, weighted surplus, marginal value of public funds

39.

Does Tax Competition Raise Voter Welfare?

Number of pages: 30 Posted: 24 Jan 2002
Timothy J. Besley and Michael Smart
London School of Economics & Political Science (LSE) - Department of Economics and University of Toronto - Department of Economics
Downloads 19 (1,025,243)
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40.

Finances of the Nation: Taxing Consumption in Canada: Rates, Revenues, and Redistribution

Canadian Tax Journal, 2016, Vol. 64, No. 2, p. 417, Rotman School of Management Working Paper No. 2909918
Posted: 02 Feb 2017
Richard M. Bird and Michael Smart
affiliation not provided to SSRN and University of Toronto - Department of Economics

Abstract:

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sales taxes, excise taxes, rates, revenue, incidence, redistribution

41.

Reforming the Direct-Indirect Tax Mix

Posted: 30 May 2002
Michael Smart
University of Toronto - Department of Economics

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Uniform commodity taxation, tax reform, excess burden