Tax Reform In Open Economies PDF Download
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| Author | : Iris Claus |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 341 |
| Release | : 2010-01-01 |
| Genre | : Business & Economics |
| ISBN | : 1849804990 |
Download Tax Reform in Open Economies Book in PDF, ePub and Kindle
This book brings together research from some of the world s leading tax economists to discuss appropriate directions for tax reform in small open economies. The eminent contributors (including Altshuler, Creedy, Freebairn, Gravelle, Heady, Kalb, Sørensen and Zodrow) investigate the beneficial directions for medium-term tax reform in the light of global developments and lessons from the latest taxation research. In addressing this issue, they review recent advances in both the theoretical and empirical tax literature and reform evidence from individual countries. Topics covered include the impact of taxes on economic performance; international and corporate taxation; personal tax and welfare systems; environmental taxation; and country-specific tax reform experiences. Bringing together leading international experts to explore specific policy reforms, this book will prove essential reading for academics and researchers of public economics, fiscal policy and tax reform. It will also be warmly welcomed both by undergraduate and graduate students of public economics or the economics of taxation, as well as policymakers and government officials working in the area of tax policy.
| Author | : Mr.Vito Tanzi |
| Publisher | : International Monetary Fund |
| Total Pages | : 28 |
| Release | : 1991-03-01 |
| Genre | : Business & Economics |
| ISBN | : 1451921055 |
Download Tax Reform in Economies in Transition Book in PDF, ePub and Kindle
The transition from a command to a market economy requires profound reforms of the tax system. Such a transition will put downward pressures on the level of taxation at a time when public expenditure remains high. This paper outlines the main characteristics of the tax systems in centrally-planned economies. It describes recent changes in those tax systems. Finally, it discusses the major difficulties that will be faced, and the errors that must be avoided, during the transition.
| Author | : |
| Publisher | : |
| Total Pages | : |
| Release | : 2005 |
| Genre | : Carbon taxes |
| ISBN | : |
Download The Welfare Consequences of Carbon Tax Reform in Open Economies Book in PDF, ePub and Kindle
| Author | : Denise Konan |
| Publisher | : |
| Total Pages | : 52 |
| Release | : 1997 |
| Genre | : Egypt |
| ISBN | : |
Download Joint Trade Liberalization and Tax Reform in a Small Open Economy Book in PDF, ePub and Kindle
| Author | : James Alm |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 498 |
| Release | : 2005-11-29 |
| Genre | : Business & Economics |
| ISBN | : 9780387299129 |
Download The Challenges of Tax Reform in a Global Economy Book in PDF, ePub and Kindle
This book presents 15 original papers and commentaries by a distinguished group of tax policy and tax administration experts. Using international examples, they highlight the state of knowledge of tax reform, present new thinking about the issue, and analyze useful policy options. The book’s general goal is to examine the current and emerging challenges facing tax reformers and to assess possible directions future reforms are likely to take. More specific themes include distributional issues, how to tax capital income, how to design specific taxes (e.g., the income tax, the value-added tax, the property tax), how to consider the politics and administrative aspects of tax reform, and how to combine the separate insights into comprehensive tax reform.
| Author | : Takatoshi Ito |
| Publisher | : University of Chicago Press |
| Total Pages | : 362 |
| Release | : 2007-12-01 |
| Genre | : Business & Economics |
| ISBN | : 0226387003 |
Download The Political Economy of Tax Reform Book in PDF, ePub and Kindle
The rapid emergence of East Asia as an important geopolitical-economic entity has been one of the most visible and striking changes in the international economy in recent years. With that emergence has come an increased need for understanding the problems of interdependence. As a step toward meeting this need, the National Bureau of Economic Research joined with the Korea Development Institute to sponsor this volume, which focuses on the complexities of tax reform in a global economy. Experts from Taiwan, Korea, the Philippines, Japan, and Thailand, as well as the United States, Canada, and Israel examine the major tax programs of the 1980s and their domestic and international economic effects. The analyses reveal similarities between the United States and countries in East Asia in political constraints on policy making, and taken together they show how growing interdependence interacts with domestic economic and political concerns to affect issues as politically vital as tax reform. Economists, policymakers, and members of the business community will benefit from these studies.
| Author | : Benjamin Carton |
| Publisher | : International Monetary Fund |
| Total Pages | : 34 |
| Release | : 2019-01-16 |
| Genre | : Business & Economics |
| ISBN | : 1484395174 |
Download Corporate Tax Reform: From Income to Cash Flow Taxes Book in PDF, ePub and Kindle
This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key channels are at play. The first channel is the shift from an income tax to a cash-flow tax. This channel induces the corporate sector to invest more, boosting long-run potential output, GDP and consumption, but crowding out consumption in the short run as households save to build up the capital stock. The second channel is the shift from a taxable base that comprises domestic and foreign revenues, to one where only domestic revenues enter. This leads to an appreciation of the currency to offset the competitiveness boost afforded by the tax and maintain domestic investment-saving equilibrium. The paper demonstrates that spillover effects from the tax reform are positive in the long run as other countries’ exports benefit from additional investment in the country undertaking the reform and other countries’ domestic demand benefits from improved terms of trade. The paper also shows that there are substantial benefits when all countries undertake the reform. Finally, the paper demonstrates that in the presence of financial frictions, corporate debt declines under the tax reform as firms are no longer able to deduct interest expenses from their profits. In this case, the tax shifting results in an increase in the corporate risk premia, a near-term decline in output, and a smaller long-run increase in GDP.
| Author | : Radek Šauer |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2022 |
| Genre | : |
| ISBN | : |
Download Corporate Taxation in Open Economies Book in PDF, ePub and Kindle
This paper analyzes the macroeconomic impact of corporate taxation. The analysis is conducted in a quantitative two-country model. In the first step, the paper describes the long-run effects of corporate taxation. A reduction in the corporate-income tax rate increases GDP, wages, consumption, investment, and business density. The trade balance is at the same time negatively affected. Firms headquartered in a country which lowers its corporate tax become internationally less active and instead focus more on their domestic market. In the second step, the paper presents adjustment dynamics that are induced by a corporate-tax reform. The dynamic response of the economy can substantially differ when comparing shorter and longer time horizons.
| Author | : Giovanni Ganelli |
| Publisher | : International Monetary Fund |
| Total Pages | : 32 |
| Release | : 2008-09 |
| Genre | : Business & Economics |
| ISBN | : |
Download Tax Reforms, "Free Lunches", and "Cheap Lunches" in Open Economies Book in PDF, ePub and Kindle
This paper focuses on the macroeconomic and budgetary impact of tax reforms in a New Keynesian two-country model. Our results show that both income and consumption unilateral tax rate reductions do not constitute a "free lunch", in the sense that they have negative budgetary consequences for the country which implements them. In addition, the degree of self-financing implied by our model is in the 81⁄2-24 percent range. Since the degree of self-financing estimated in previous literature was larger, we conclude that in our model not only the "lunch" is not "free", but is also not that "cheap". A comparison of alternative (income-tax versus consumption-tax based) fiscal stimulus packages shows that consumption tax cuts imply a larger short-run impact on domestic output but the income tax cuts stimulate the domestic economy more in the long run. We also look at the implications of a revenue-neutral tax reform in which consumption taxes are increased to compensate for lower income tax collection.
| Author | : George R. Zodrow |
| Publisher | : World Scientific Publishing Company |
| Total Pages | : 0 |
| Release | : 2019 |
| Genre | : Capital levy |
| ISBN | : 9789811205132 |
Download Taxation in Theory and Practice Book in PDF, ePub and Kindle
Optimal tax reform : transitional issues in implementing tax reform -- Implementing tax reform -- Optimal tax reform in the presence of adjustment costs -- Grandfather rules and the theory of optimal tax reform -- Consumption tax reform: changes in business equity and housing prices / (with John W. Diamond) -- Consumption taxation -- Should capital income be subject to consumption-based taxation? -- A hybrid consumption-based direct tax proposed for Bolivia / (with Charles E. McLure, Jr.) -- U.S. Supreme Court unanimously chooses substance over form in foreign tax credit case : implications of the PPL decision for the creditability of cash-flow taxes / (with Charles E. McLure, Jr. and Jack Mintz) -- Taxation, uncertainty and the choice of a consumption tax base -- Optimal commodity taxation of traditional and electronic commerce income tax reform -- Treasury I and the Tax Reform Act of 1986 : the economics and politics of tax reform / (with Charles E. McLure, Jr.) -- The windfall recapture tax : issues of theory and design -- Balancing act: weighing the factors affecting the taxation of capital income in a small open economy / (with Margaret McKeehan) -- State and local tax policy -- Revenue options for the state of texas -- The new view of the property tax : a reformulation / (with Peter Mieszkowski) -- The property tax as a capital tax : a room with three views -- Intrajurisdictional capitalization and the incidence of the property tax -- Tax competition -- Pigou, Tiebout, property taxation and the under-provision of local public goods / (with Peter Mieszkowski) -- Capital mobility and capital tax competition -- Tax competition and the efficiency of "benefit-related" business taxes / (with Elisabeth Gugl).
