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small punishments for tax evasion. The possibility of the public evading taxes limits the effectiveness of capital taxation …
Persistent link: https://www.econbiz.de/10005086702
Much attention has been given to the impact of fiscal competition on the level of public expenditure, but relatively little to the impact on its composition. Using a broadly familiar and reasonably rich model of fiscal competition in the presence of mobile capital, this paper establishes a...
Persistent link: https://www.econbiz.de/10005669290
the role of business taxation, employment security laws, credit market policies, wage-setting institutions and the size of …
Persistent link: https://www.econbiz.de/10005639337
Models of tax competition usually assume a single period framework. This paper sets up a repeated interactions model of tax competition, and establishes conditions under which fiscal policy harmonization can result from repeated interaction between governments. It is shown that fiscal policy...
Persistent link: https://www.econbiz.de/10005479055
The paper gives a systematic treatment of equivalent tax systems within an intertemporal framework.
Persistent link: https://www.econbiz.de/10005086680
Tax models come in all shapes and sizes, depending on the nature of the policy issues examined. The policy questions may relate to specific problems, concerning perhaps the revenue implications of a particular tax, or they may involve an extensive analysis of the cost and redistributice effects...
Persistent link: https://www.econbiz.de/10005587642
This paper reviews the analytical and empirical evidence on certain issues in commodity tax design that have not received much attention. These include the impact on optimal commodity taxes of allowing the following: (i)non linear Engel curves, (ii)Household composition and child subsidy,...
Persistent link: https://www.econbiz.de/10005631036
Tax earmarking imposes a constraint on government policymaking, and may be desirable if it solves a time-inconsistency problem in tax policy. In a two-period economy, in which the policy decisions regarding taxes, public goods provision, and pollution abatement are taken by a majority-elected...
Persistent link: https://www.econbiz.de/10005618548
In the problem of optimal taxation in an economy with two productive factors, labor and capital, the optimal solution …
Persistent link: https://www.econbiz.de/10005826898
Tax earmarking imposes a constraint on government policymaking, and may be desirable if it solves a time-inconsistency problem in tax policy. In a two-period economy, in which the policy decisions regarding taxes, public goods provision, and pollution abatement are taken by a majority-elected...
Persistent link: https://www.econbiz.de/10005146585