The Impact Of Consumption Taxes At Different Income Levels

Author : Mr.Gian Milesi-Ferretti,Nouriel Roubini
Publisher : International Monetary Fund
Page : 38 pages
File Size : 42,8 Mb
Release : 1995-07-01
Category : Business & Economics
ISBN : 9781451848236

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Growth Effects of Income and Consumption Taxes by Mr.Gian Milesi-Ferretti,Nouriel Roubini Pdf

The effects of income and consumption taxation are examined in the context of models in which the growth process is driven by the accumulation of human and physical capital. The different channels through which these taxes affect economic growth are discussed, and it is shown that in general the taxation of factor incomes (human and physical capital) is growth-reducing. The effects of consumption taxation on growth depend crucially on the elasticity of labor supply, and therefore on the specification of the leisure activity. The paper also derives some implications for the optimal intertemporal choice of tax instruments.

Author : Jason Clemens
Publisher : The Fraser Institute
Page : 208 pages
File Size : 53,8 Mb
Release : 2008
Category : Fiscal policy
ISBN : 9780889752290

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The Impact and Cost of Taxation in Canada by Jason Clemens Pdf

"There is increasing interest in, and recognition of, the need for both tax reduction and tax reform in Canada. This book provides the rationale for tax reform and a road map for that reform. The book includes 5 chapters from leading experts in the field and provides a persuasive, compelling case for tax reform in Canada." "The Impact of Taxes on Economic Behavior by Milagros Palacios and Kumi Harischandra offers a broad overview of the incentive effects associated with taxes that affect our decisions to work more, to save, to invest, and to engage in entrepreneurial activity." "Compliance and Administrative Costs of Taxation in Canada by renowned University of Montreal economics professor Francois Vaillancourt and Jason Clemens provides readers with an understanding of the vast costs associated with administering, and complying with, our current tax system."--BOOK JACKET.

Author : International Monetary Fund
Publisher : International Monetary Fund
Page : 27 pages
File Size : 42,7 Mb
Release : 1988-03-09
Category : Business & Economics
ISBN : 9781451920888

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The Relative Impact of Income and Consumption Taxes by International Monetary Fund Pdf

This paper examines the possibility of ascertaining the welfare changes that occur when a consumption tax replaces an equal-yield income tax. It finds that those with saving/income ratios greater than the social saving/income ratio under the income tax will surely benefit and those with ratios smaller than the social rate under the consumption tax will surely be harmed. These conditions are in each case sufficient to guarantee these results—but not necessary. Some can be better off and others worse off without these conditions holding. It is thus theoretically impossible to predict the welfare effects on many taxpayers of the tax shift from the observable data.

Author : OECD,Korea Institute of Public Finance
Publisher : OECD Publishing
Page : 154 pages
File Size : 54,8 Mb
Release : 2014-12-10
Category : Electronic
ISBN : 9789264224520

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OECD Tax Policy Studies The Distributional Effects of Consumption Taxes in OECD Countries by OECD,Korea Institute of Public Finance Pdf

The report examines the distributional effects of value-added tax (VAT) and excise tax systems in 20 OECD countries, and investigates the effectiveness of reduced VAT rates as a redistributional tool.

Author : W. A. Vermeend,Rick van der Ploeg,Frederick van der Ploeg,Jan Willem Timmer
Publisher : Edward Elgar Publishing
Page : 520 pages
File Size : 52,6 Mb
Release : 2008
Category : Business & Economics
ISBN : STANFORD:36105131799632

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Taxes and the Economy by W. A. Vermeend,Rick van der Ploeg,Frederick van der Ploeg,Jan Willem Timmer Pdf

Since World War II OECD countries have increasingly used taxation to achieve a variety of economic policy objectives of which stimulating economic activity and employment are usually the most important. The tax system is also used to create a favourable climate for investment, to spur business innovation and to promote long-term sustainable environmental policy. More recently, policies have focused on stimulating child care and encouraging citizens to work for longer. This book discusses the effects of taxation on the economy and its development. It aims to provide the reader with the necessary empirical information, while at the same time presenting an overview of the latest theory. In doing so, it touches on many relevant policy issues.

Author : W.Bartley Hildreth
Publisher : Routledge
Page : 1026 pages
File Size : 46,6 Mb
Release : 2019-07-16
Category : Political Science
ISBN : 9781351564274

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Handbook on Taxation by W.Bartley Hildreth Pdf

A groundbreaking reference, this book provides a comprehensive review of tax policy from political, legal, constitutional, administrative, and economic perspectives. A collection of writings from over 45 prominent tax experts, it charts the influence of taxation on economic activity and economic behavior. Featuring over 2400 references, tables, equations, and drawings, the book describes how taxes affect individual and business behavior, shows how taxes operate as work and investment incentives, explains how tax structures impact different income groups, weighs the balanced use of sales, property, and personal income taxes, traces the influence of recent tax changes, and more.

Author : Michael A. Schuyler
Publisher : Unknown
Page : 166 pages
File Size : 44,8 Mb
Release : 1984
Category : Business & Economics
ISBN : STANFORD:36105043892426

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Consumption Taxes by Michael A. Schuyler Pdf

Part of the Fiscal Series published by Institute for Research on the Economics of Taxation. A discussion on the effect of consumption taxes and their effect on income tax.

Author : Organisation for Economic Co-operation and Development
Publisher : Organisation for Economic Co-operation and Development ; Washington, D.C. : OECD Publications and Information Centre
Page : 348 pages
File Size : 42,9 Mb
Release : 1988
Category : Business & Economics
ISBN : STANFORD:36105040932472

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Taxing Consumption by Organisation for Economic Co-operation and Development Pdf

This report provides a comprehensive survey of OECD country practices on value added tax over the last two decades as well as an analysis of the policy and practical choices that governments have had to make in taxing goods and services.

Author : Mrs.Sandra V Lizarazo Ruiz,Adrian Peralta-Alva,Mr.Damien Puy
Publisher : International Monetary Fund
Page : 32 pages
File Size : 53,5 Mb
Release : 2017-09-01
Category : Business & Economics
ISBN : 9781484318225

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Macroeconomic and Distributional Effects of Personal Income Tax Reforms by Mrs.Sandra V Lizarazo Ruiz,Adrian Peralta-Alva,Mr.Damien Puy Pdf

This paper assesses the macroeconomic and distributional impact of personal income tax (PIT) reforms in the U.S. drawing on a multi-sector heterogenous agents model in which consumers have non-homothetic preferences and sectors differ in terms of their relative labor and skill intensity. The model is calibrated to key characteristics of the US economy. We find that (i) PIT cuts stimulate growth but the supply side effects are never large enough to offset the revenue loss from lower marginal tax rates; (ii) PIT cuts do “trickle-down” the income distribution: tax cuts stimulate demand for non-tradable services which raise the wages and employment prospects of low-skilled workers even if the tax cut is not directly incident on them; (iii) A revenue neutral tax plan that reduces PIT for middle-income groups, raises the consumption tax, and expands the Earned Income Tax Credit can have modestly positive effects on growth while reducing income polarization; (iv) The growth effects from lower income taxes are concentrated in non-tradable service sectors although the increased demand for tradable goods generate positive spillovers to other countries; (v) Tax cuts targeted to higher income groups have a stronger growth impact than tax cuts for middle income households but significantly worsen income polarization, even after taking into account trickle-down effects and an expansion of the Earned Income Tax Credit.

Author : Mr.Vito Tanzi,Mr.Howell H. Zee
Publisher : International Monetary Fund
Page : 17 pages
File Size : 42,8 Mb
Release : 1998-03-01
Category : Business & Economics
ISBN : 9781451845426

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Taxation and the Household Saving Rate by Mr.Vito Tanzi,Mr.Howell H. Zee Pdf

This paper analyzes anew the relationship between taxation and the household saving rate. On the basis of standard savings and tax revenue data from, it provides compelling and robust empirical evidence of a powerful impact of taxes on household savings. In particular, income taxes are shown to affect negatively the household saving rate much more than consumption taxes.

Author : Laurence S. Seidman
Publisher : MIT Press
Page : 186 pages
File Size : 54,7 Mb
Release : 1997
Category : Business & Economics
ISBN : 0262193833

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The USA Tax by Laurence S. Seidman Pdf

Although proposals for "flat" taxes have received a good deal of attention, a majority of Americans say that, for reasons of fairness, they favor a progressive tax. The USA Tax: A Progressive Consumption Tax presents an alternative to both the present tax system and a flat tax. The USA (unlimited savings allowance) tax is a progressive consumption tax that differs fundamentally from our current tax structure in that it taxes consumption rather than income. In April 1995, the USA tax bill was introduced into the United States Senate. Whatever the fate of the bill, this book is an important contribution to the literature on the theory and design of a progressive consumption tax. The USA tax has two components - the household tax, which replaces the current household income tax, and the business tax, which replaces the corporate income tax. A fundamental purpose of the USA tax is to raise the level of national saving and investment. It accomplishes this by making all household saving and business investment in capital goods tax-deductible. Seidman devotes most of his book to the impact on saving, the issue of fairness, practical design options, simplification, and a variety of questions and criticisms. The book, written in straightforward language, will help guide the non-economist through the coming debates on the USA tax.

Author : David F. Bradford
Publisher : A E I Press
Page : 344 pages
File Size : 47,8 Mb
Release : 1995
Category : Business & Economics
ISBN : UOM:35128001957503

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Distributional Analysis of Tax Policy by David F. Bradford Pdf

The distribution of taxes over different income groups, has, rightly or wrongly, assumed a central position in tax policy decisions. All serious tax proposals are now accompanied by tables illustrating this distribution. This volume shows how the accuracy of these tables can be improved.

Author : Henry J. Aaron,Harvey Galper,Joseph A. Pechman
Publisher : Unknown
Page : 474 pages
File Size : 53,9 Mb
Release : 1988
Category : Income tax
ISBN : UOM:39076000818679

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Uneasy Compromise by Henry J. Aaron,Harvey Galper,Joseph A. Pechman Pdf

Author : Peter Birch Sørensen
Publisher : MIT Press
Page : 392 pages
File Size : 40,7 Mb
Release : 2004
Category : Business & Economics
ISBN : 0262195038

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Measuring the Tax Burden on Capital and Labor by Peter Birch Sørensen Pdf

The highly complicated nature of modern tax codes mean economists and policy makers need simplified summary measures to understand how taxes affect the economy. Studies of what is known as the effective tax rate - that is, a measurement of the net amount of tax levied on certain economic activities - provide this sort of descriptive summary. With these estimates of effective tax rates, economists can look for evidence of how taxes affect economic behaviour and policy makers can evaluate whether the net outcome of all the different tax laws is in accord with their intentions. Globalisation, with its accompanying international mobility of capital and labor, has created a new use for estimates of the effective tax rate as policy makers seek to compare tax burdens in one country with those in another.

Author : Mr.Gian Milesi-Ferretti,Mr.Enrique G. Mendoza,Patrick K. Asea
Publisher : International Monetary Fund
Page : 42 pages
File Size : 52,6 Mb
Release : 1995-08-01
Category : Business & Economics
ISBN : 9781451955798

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Do Taxes Matter for Long-Run Growth? Harberger's Superneutrality Conjecture by Mr.Gian Milesi-Ferretti,Mr.Enrique G. Mendoza,Patrick K. Asea Pdf

Harberger’s superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects investment and growth, in practice growth effects of taxation are negligible. This paper provides evidence in support of this view by testing the predictions of endogenous growth models driven by human capital accumulation. The theoretical analysis highlights implications of different taxes for growth and investment in these models. The empirical work is based on cross-country regressions and numerical simulations, using a new methodology for estimating aggregate effective tax rates. Results show significant investment effects from income and consumption taxes that are consistent with small growth effects. The results are robust to the introduction of other growth determinants.