scholarly journals Household Behavior and the Tax Reform Act of 1986

1987 ◽  
Vol 1 (1) ◽  
pp. 101-119 ◽  
Author(s):  
Jerry A Hausman ◽  
James M Poterba
Keyword(s):  
Economic Growth ◽  
Tax Reform ◽  
Household Behavior ◽  
Tax Rates ◽  
Tax System ◽  
Reform Proposal

President Reagan's May 1985 letter to Congress, accompanying his tax reform proposal, argued that the existing tax system hindered economic growth because “most Americans labor under excessively high tax rates that discourage work and cut drastically into savings.” This paper analyzes how the Tax Reform Act of 1986 affects these aspects of household behavior.

scholarly journals Towards a true tax reform: Proposal to reactivate the economy. Towards real tax reform: Proposal to revive the economy

2020 ◽  
pp. 1-9
Author(s):  
José Luis Bárcenas-Puente ◽  
Miguel Ángel Andrade-Oseguera
Keyword(s):  
Economic Growth ◽  
Civil Society ◽  
Economic Crisis ◽  
Tax Reform ◽  
Job Creation ◽  
Good News ◽  
Tax Rates ◽  
Reform Proposal ◽  
The Republic

Every one that proposes and publishes a tax reform renews the hope of good news or at least that the situation does not worsen, this year 2020 did not happen, which is not new. The current government promised not to raise taxes, which is also new. While it is true that the Federation Revenue Law for FY 2020 does not provide for the increase in tax rates, it does show the eventual creation of new contributions, a situation that has gone unnoticed by the majority of the population, moreover, of the fervent followers of the person now holding the Presidency of the Republic. Thus, this reform tightens the audit but does not encourage job creation or the preservation of existing ones; 2019 ended without economic growth and that does not seem to matter to this regime, indolent of an economic crisis in the wake of today's pandemic. That is why the proposals for improvement must come from individuals, from the civil society which, though belittled by authority, must take the baton, now distracted and empty; the gravity of the situation deserves it, it claims.

scholarly journals Growth-Enhancing Corporate Tax Reform in Belgium

2018 ◽  
Vol 2018 (1) ◽  
pp. 1-17 ◽  
Author(s):  
Ruud De Mooij ◽  
Shafik Hebous ◽  
Milena Hrdinkova
Keyword(s):  
Public Finance ◽  
Economic Growth ◽  
Income Tax ◽  
Tax Reform ◽  
Corporate Income Tax ◽  
Tax Rates ◽  
Corporate Tax ◽  
Tax System ◽  
Corporate Tax Reform ◽  
The Government

Abstract Until 2018, Belgium had a unique corporate income tax system due to its notional interest deduction, also known in public finance literature as the allowance for corporate equity. At the same time, it had one of the highest corporate tax rates in Europe at 34 percent. The latter came under severe pressure to reform and, as of 2018, the government has started to reduce the rate, gradually to reach 25 percent in 2020. The reduction is accompanied by other measures, including a limitation of the notional interest deduction. This paper argues that the lower CIT rate is likely to be conducive to economic growth. Yet, the effects on growth would have been more favorable if the notional interest deduction would have been strengthened, rather than diminished.

scholarly journals Tax Mix, Tax Reform and Economic Growth in Morocco: A Quantitative Analysis

2020 ◽  
Vol 6 (1) ◽  
pp. p44
Author(s):  
Mohamed Karim ◽  
Mohamed Bouzahzah ◽  
Ahmed Touzani
Keyword(s):  
Economic Growth ◽  
Quantitative Analysis ◽  
Social Policy ◽  
Tax Reform ◽  
Economic Situation ◽  
Tax System ◽  
Ability To Pay ◽  
Public Finances ◽  
Policy Debates ◽  
Current Economic Situation

The current economic situation and its effects on the situation of public finances thus place the tax system, even more than before, at the heart of economic and social policy debates. This debate can only be fruitful and lead to relevant recommendations on the basis of a global diagnosis of this system, both in terms of its structure and legislative construction, as well as in terms of its day-to-day practice and management by the administration and taxpayers, and its perception by all parties concerned. The aim is to establish a fairer tax system in which each taxpayer pays his taxes according to his ability to pay and an effective tax system to promote economic growth.

scholarly journals Transformation of the taxation system and its influence on enterprise development in the Republic of

2011 ◽  
Vol 2 ◽  
Author(s):  
Furkat Bazarov
Keyword(s):  
Economic Growth ◽  
Small Businesses ◽  
Tax Burden ◽  
Tax Rates ◽  
Enterprise Development ◽  
Tax System ◽  
The Republic ◽  
Tax Changes ◽  
Taxation System ◽  
Small Business Taxation

The research studies impacts of new tax changes to the small businesses, unemployment and to economic growth in Uzbekistan. The study shows that the tax policy directed on perfection of tax mechanisms, reduction of tax rates aimed to raise economic efficiency of manufacturing and increasing individual income. As a result from year to year the tax burden is reduced and the taxation order becomes simpler. Empirical analysis shows that only for last seven years the general tax burden in economy was reduced with 40 to 27 percent. The author found problems existing in small business taxation and generalizes recommendations for simplification of tax system and tax administration. 

scholarly journals Measuring the impact of marginal tax rate reform on the revenue base of South Africa using a microsimulation tax model

2015 ◽  
Vol 18 (3) ◽  
pp. 380-394 ◽  
Author(s):  
Yolande Jordaan ◽  
Nicholaas J Schoeman
Keyword(s):  
Economic Growth ◽  
Tax Reform ◽  
Fiscal Year ◽  
Optimum Level ◽  
Tax Rates ◽  
Strong Response ◽  
Taxable Income ◽  
Marginal Tax Rates ◽  
Tax Efficiency ◽  
The Impact

This paper is primarily concerned with the revenue and tax efficiency effects of adjustments to marginal tax rates on individual income as an instrument of possible tax reform. The hypothesis is that changes to marginal rates affect not only the revenue base, but also tax efficiency and the optimum level of taxes that supports economic growth. Using an optimal revenue-maximising rate (based on Laffer analysis), the elasticity of taxable income is derived with respect to marginal tax rates for each taxable-income category. These elasticities are then used to quantify the impact of changes in marginal rates on the revenue base and tax efficiency using a microsimulation (MS) tax model. In this first paper on the research results, much attention is paid to the structure of the model and the way in which the database has been compiled. The model allows for the dissemination of individual taxpayers by income groups, gender, educational level, age group, etc. Simulations include a scenario with higher marginal rates which is also more progressive (as in the 1998/1999 fiscal year), in which case tax revenue increases but the increase is overshadowed by a more than proportional decrease in tax efficiency as measured by its deadweight loss. On the other hand, a lowering of marginal rates (to bring South Africa’s marginal rates more in line with those of its peers) improves tax efficiency but also results in a substantial revenue loss. The estimated optimal individual tax to gross domestic product (GDP) ratio in order to maximise economic growth (6.7 per cent) shows a strong response to changes in marginal rates, and the results from this research indicate that a lowering of marginal rates would also move the actual ratio closer to its optimum level. Thus, the trade-off between revenue collected and tax efficiency should be carefully monitored when personal income tax reform is being considered.

scholarly journals Rethinking the Indirect Taxation of Trust in the Reform of the Italian Tax System

2021 ◽  
Vol 26 (4) ◽  
pp. 73-93
Author(s):  
Salvatore Antonello Parente
Keyword(s):  
Economic Growth ◽  
Tax Reform ◽  
Economic Recovery ◽  
Tax Structure ◽  
Indirect Taxation ◽  
Tax System ◽  
Strategic Position

Abstract In Italy, among the priorities of the National Recovery and Resilience Plan (PNRR), a strategic position is taken by the tax reform, which is part of the actions to remedy the structural weaknesses of the country’s system and to stimulate economic recovery aft er the Covid-19 crisis. In this context, in order to design a new tax structure, in terms of economic growth and competitiveness, a legislative rethink of indirect taxation of trusts and other destination constraints is desirable. In fact, the current tax rules of these negotiation models, in addition to giving rise to numerous disputes, oft en discourage their use in regulating new interests and needs.

Reforming the Russian tax system: Problems and solutions

2021 ◽  
Vol 22 (8) ◽  
pp. 922-950
Author(s):  
Takhir G. DAVLETSHIN
Keyword(s):  
Economic Growth ◽  
Tax Reform ◽  
Tax Administration ◽  
Present Stage ◽  
Field Methods ◽  
Tax System ◽  
Revenue Growth ◽  
Problems And Solutions ◽  
General Scientific ◽  
Business Entities

Subject. The article examines the main shortcomings of the Russian tax system and prerequisites of the tax reform at the present stage, and analyzes the RF government’s tax initiatives. Objectives. The article aims to find ways of reforming the tax system into an effective one, stimulating economic growth and ensuring the revenue growth of the budget system, and maximum involvement of business entities in the legal field. Methods. For the study, we used the general scientific approaches and methods. Results. The article introduces a concept of reforming basic taxes, supplementing the tax system with missing links and proposes a set of measures to reform the tax system. Conclusions. The article says it is necessary to conduct a systemic tax reform aimed at bringing the tax system into line with the fundamental principles of taxation, creating a coherent, logically verified tax system, improving tax administration and interbudget relations regulation.

Research on the Impact of Resource Tax Reform upon the Development in West China

2014 ◽  
Vol 962-965 ◽  
pp. 1813-1817
Author(s):  
En Lai Bai
Keyword(s):  
Economic Growth ◽  
Tax Reform ◽  
Industrial Structure ◽  
Ecological Environment ◽  
Tax System ◽  
West China ◽  
Tax Rate ◽  
Resource Taxation ◽  
Sustainable Economic Growth ◽  
The Impact

The economy has been continuously growing along with constant changes and innovations in the resource tax system. Through the background and implication of resource tax reform as well as the mechanism of how such reform affects West China, we can find out the impact of such reform upon sustainable economic growth, the ecological environment and all sectors in West China. In order to further optimizing and upgrading the industrial structure in West China, in my opinion, we should take the following five countermeasures: 1) The scope of taxation is to be enlarged; 2) The tax rate is to be increased step by step; 3) The resource taxation mechanisms are to be integrated and simplified; 4) Preferential taxation polices are to be improved in West China; 5) Auxiliary reforms are to be carried out for the resource taxation.

scholarly journals An Empirical Study on the Journey of Tax Reforms in India

2019 ◽  
Vol 13 (01) ◽  
Author(s):  
Elina Kanungo
Keyword(s):  
Resource Allocation ◽  
Tax Reform ◽  
Tax Rates ◽  
Fiscal Consolidation ◽  
Tax Reforms ◽  
Tax System ◽  
Revenue Collection ◽  
The One ◽  
Taxation System ◽  
Direct Tax

Reforms in the taxation system of a country are an integral part of its development. India has witnessed series of reforms in its taxation system. The tax rates have been rationalize d with simplification in the tax laws results in better compliance, ease of tax payment and better enforcement. India has witnessed reforms in both direct tax system and indirect tax system. After every reform, it becomes quite essential to measure its effectiveness. There are various parameters to measure the affects of the reforms and the tax to GDP ratio is considered to be the one. One of the major objectives of tax reform measures has been to increase total tax to GDP ratio as a means of achieving fiscal consolidation and improving resource allocation. Government of India is working to enhance its revenue collection, at the same time ensuring that cumbersome taxes do not bother the investors. This paper makes an attempt to highlight the journey of tax reforms taken place in India since the post liberalization period. The paper also highlights the tax to GDP ratio over the period of five years of study.

scholarly journals A TAX REFORM PROPOSAL FOR TURKEY: FLAT TAX SYSTEM

2020 ◽  
Vol 31 (117) ◽  
pp. 1
Author(s):  
Burcu Özgün ◽  
Pınar Güre
Keyword(s):  
Tax Reform ◽  
Tax System ◽  
Flat Tax ◽  
Reform Proposal
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