natural resources, are important determinants of tax revenue. …

Russia dramatically reduced its higher rates of personal income tax (PIT) in 2001 establishing a single marginal rate …. This 'flat tax' experience has attracted much attention (and emulation) among policymakers, making it perhaps the most … important tax reform of recent years. But it has been little studied. This paper asks whether the strong revenue performance of …

tools, including pension reform, tax base broadening (and, if necessary, rate hikes), improved tax administration and some …

, using data from around the time of the 1997 U.K. dividend tax reform, which removed a significant tax credit for an … important group of investors: U.K. pension funds. The tax-adjusted CAPM suggests that the impact should depend on an average of … dividend tax rates across all investors, and that U.K. pension funds should reduce their holdings of the previously tax …

This paper proposes a new hybrid cash-flow tax on corporations that, on one hand, taxes only excess corporate profits … tax compared to the cash-flow tax on real transactions that seems to have gained common acceptance. The hybrid tax is a … modified version of the cash-flow tax on real and financial transactions combined. The modification involves replacing …

This paper analyzes developments in non-oil tax policy, administration, and revenues in Azerbaijan, and suggests … measures for further improvement. The main finding is that Azerbaijan's non-oil tax revenues increased significantly as a share … of non-oil GDP in the last five years, but remain below potential. The non-oil tax revenue shortfall is mainly due to …