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Author: C. Eugene Steuerle
Publisher: Brookings Institution Press
ISBN: 9780815721031
Category : Business & Economics
Languages : en
Pages : 224
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Book Description
Income from capital receives uneven treatment in both the tax system and the loan markets. This affects almost every investment decision make by the individuals, business, and government and causes major disruptions in the economy. In this book C. Eugene Steuerle shows how the misallocation of capital results from the interaction of tax laws, the operation of the market for loanable funds, and inflation. He first analyzes the taxation of capital income, focusing on the distortions caused by tax arbitrage and on inflation-induced discriminations among both taxpayer and borrowers. The author then applies this analysis to several related issues. He concludes with a reform agenda that calls for the adoption of a broader-based, flatter-rate income tax.
Author: C. Eugene Steuerle
Publisher: Brookings Institution Press
ISBN: 9780815721031
Category : Business & Economics
Languages : en
Pages : 224
Get Book Here
Book Description
Income from capital receives uneven treatment in both the tax system and the loan markets. This affects almost every investment decision make by the individuals, business, and government and causes major disruptions in the economy. In this book C. Eugene Steuerle shows how the misallocation of capital results from the interaction of tax laws, the operation of the market for loanable funds, and inflation. He first analyzes the taxation of capital income, focusing on the distortions caused by tax arbitrage and on inflation-induced discriminations among both taxpayer and borrowers. The author then applies this analysis to several related issues. He concludes with a reform agenda that calls for the adoption of a broader-based, flatter-rate income tax.
Author: Mr.Vito Tanzi
Publisher: International Monetary Fund
ISBN: 9780939934331
Category : Business & Economics
Languages : en
Pages : 276
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Book Description
Edited by Vito Tanzi, Director of the IMF's Fiscal Affairs Department, the book consists of nine studies pertaining to monetary-fiscal links in both closed and open economies.
Author: Martin Feldstein
Publisher: University of Chicago Press
ISBN: 0226241793
Category : Business & Economics
Languages : en
Pages : 312
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Book Description
Inflation, Tax Rules, and Capital Formation brings together fourteen papers that show the importance of the interaction between tax rules and monetary policy. Based on theoretical and empirical research, these papers emphasize the importance of including explicit specifications of the tax system in such study.
Author: Vito Tanzi
Publisher:
ISBN: 9780608125718
Category : Interest rates
Languages : en
Pages : 0
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Book Description
Author: Young-Sup Yun
Publisher:
ISBN:
Category : Taxation
Languages : en
Pages : 65
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Book Description
Author: Vito Tanzi
Publisher:
ISBN: 9780608125718
Category :
Languages : en
Pages : 271
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Book Description
Author: C. N. Ostergren
Publisher:
ISBN:
Category :
Languages : en
Pages : 130
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Book Description
Author: Mr.Alex Mourmouras
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 40
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Book Description
The observation that collection lags combine with inflation to erode fiscal revenues has long been a strong argument against seigniorage (Tanzi (1978)). However, with the exception of Dixit (1991), who used a general equilibrium model to reject this argument, the optimal tax literature has not analyzed how collection lags affect desired tax structures. In this paper, this issue is re-examined using an overlapping generations version of Dixit’s model. It is shown that depending on the specification of the collection cost function and the size of government spending in GDP, collection lags may increase, leave unchanged, or reduce the desired rate of inflation.
Author: Avinash K. Dixit
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 22
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Book Description
When there are collection lags in the tax system, inflation reduces the real revenues. This is often offered as an argument for less reliance on the inflation tax. But the optimal rates of other taxes should also be reconsidered in the light of collection lags. When this is done, the focus shifts from the revenues (which can be recouped by changing the rates of these taxes), to the associated costs of collection. In a benchmark case where the average costs of collection are constant, the optimal inflation tax is independent of the collection lag.
Author:
Publisher:
ISBN: 9789279607523
Category :
Languages : en
Pages : 30
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Book Description
Every year ZEW Mannheim computes measures of corporate effective taxation in Europe based on the Devereux/Griffith methodology.1 The measures aim at comprehensively reflecting and consistently comparing the effective corporate tax levels in the different member states. For the computation of the effective tax rates, assumptions on economic parameters have to be made - in particular on the values of the inflation and interest rate. Common assumptions on these variables are strictly necessary in order to compare effective levels of taxation across countries in a meaningful way. In some cases these assumptions could interact with the effects of specific tax parameters on the effective tax burdens. For example, capital allowances become less effective in reducing tax burdens in inflationary environments. As a consequence, countries with high capital allowances appear more attractive when inflation is low. This study aims at analysing and quantifying the effect of the real interest and inflation rate on effective tax measures.
