The Economics of Tax Policy

Author: Alan J. Auerbach,Kent Smetters
Publisher: Oxford University Press
ISBN: 0190619732
Category: Business & Economics
Page: 352
View: 5608

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The debates about the what, who, and how of tax policy are at the core of politics, policy, and economics. The Economics of Tax Policy provides a straightforward overview of recent research in the economics of taxation. Tax policies generate considerable debate among the public, policymakers, and scholars. These disputes have grown more heated in the United States as the incomes of the wealthiest 1 percent and the rest of the population continue to diverge. This important volume enhances understanding of the implications of taxation on behavior and social outcomes by having leading scholars evaluate key topics in tax policy. These include how changes to the individual income tax affect long-term economic growth; the challenges of tax administration, compliance, and enforcement; and environmental taxation and its effects on tax revenue, pollution emissions, economic efficiency, and income distribution. Also explored are tax expenditures, which are subsidy programs in the form of tax deductions, exclusions, credits, or favorable rates; how college attendance is influenced by tax credits and deductions for tuition and fees, tax-advantaged college savings plans, and student loan interest deductions; and how tax policy toward low-income families takes a number of forms with different distributional effects. Among the most contentious issues explored are influences of capital gains and estate taxation on the long term concentration of wealth; the interaction of tax policy and retirement savings and how policy can "nudge" improved planning for retirement; and how the reform of corporate and business taxation is central to current tax policy debates in the United States. By providing overviews of recent advances in thinking about how taxes relate to behavior and social goals, The Economics of Tax Policy helps inform the debate.

The Economics of Taxation

Author: Bernard Salanié
Publisher: MIT Press
ISBN: 9780262194860
Category: Business & Economics
Page: 226
View: 7696

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A graduate-level introduction to the economic theories of taxation.

Tax Policy and the Economy

Author: James M. Poterba
Publisher: Mit Press
ISBN: 9780262660952
Category: Business & Economics
Page: 180
View: 3922

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This series presents recent research on the effects of taxation on economic performance and analyses of the effects of potential tax reforms. The research results appear in a form that is accessible to tax practitioners and policymakers. Topics in this volume include an evaluation of Medicaid in the 1980s, medical savings accounts, comparative tax burdens under the existing income tax and a national retail sales tax, implications of a broad-based consumption tax, and mandated community-rated health insurance. Contributors: David Bradford, Matthew Eichner, Daniel Feenberg, William Gentry, Jonathan Gruber, R. Glenn Hubbard, Mark McClellan, Andrew Mitrusi, James Poterba, David Wise. "Tax Policy and the Economy series"

From Optimal Tax Theory to Tax Policy

Retrospective and Prospective Views
Author: Robin W. Boadway
Publisher: MIT Press
ISBN: 0262017113
Category: Business & Economics
Page: 290
View: 6173

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The author examines the role of optimal tax analysis in informing and influencing tax policy design.

Taxation, Wealth, and Saving

Author: David F. Bradford
Publisher: MIT Press
ISBN: 9780262024709
Category: Business & Economics
Page: 540
View: 9155

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Eventually Bradford became convinced that the politically unpopular consumption-based model was the superior one. Since leaving the Treasury, much of his professional focus has been on economic analysis of the income tax system and on tax policy advocacy.".

The Theory of Taxation and Public Economics

Author: Louis Kaplow
Publisher: Princeton University Press
ISBN: 140083922X
Category: Business & Economics
Page: 496
View: 1961

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The Theory of Taxation and Public Economics presents a unified conceptual framework for analyzing taxation--the first to be systematically developed in several decades. An original treatment of the subject rather than a textbook synthesis, the book contains new analysis that generates novel results, including some that overturn long-standing conventional wisdom. This fresh approach should change thinking, research, and teaching for decades to come. Building on the work of James Mirrlees, Anthony Atkinson and Joseph Stiglitz, and subsequent researchers, and in the spirit of classics by A. C. Pigou, William Vickrey, and Richard Musgrave, this book steps back from particular lines of inquiry to consider the field as a whole, including the relationships among different fiscal instruments. Louis Kaplow puts forward a framework that makes it possible to rigorously examine both distributive and distortionary effects of particular policies despite their complex interactions with others. To do so, various reforms--ranging from commodity or estate and gift taxation to regulation and public goods provision--are combined with a distributively offsetting adjustment to the income tax. The resulting distribution-neutral reform package holds much constant while leaving in play the distinctive effects of the policy instrument under consideration. By applying this common methodology to disparate subjects, The Theory of Taxation and Public Economics produces significant cross-fertilization and yields solutions to previously intractable problems.

Methodology and Concepts

Author: Francesco Parisi
Publisher: Oxford University Press
ISBN: 019968426X
Category: Business & Economics
Page: 496
View: 8227

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Covering over one-hundred topics on issues ranging from Law and Neuroeconomics to European Union Law and Economics to Feminist Theory and Law and Economics, The Oxford Handbook of Law and Economics is the definitive work in the field of law and economics. The book gathers together scholars and experts in law and economics to create the most inclusive and current work on law and economics. Edited by Francisco Parisi, the Handbook looks at the origins of the field of law and economics, tracks its progression and increased importance to both law and economics, and looks to the future of the field and its continued development by examining a cornucopia of fields touched by work in law and economics. The uniqueness of its breadth, depth, and convenience make the volume essential to scholars, students, and contributors in the field of law and economics.

Taxes in America

What Everyone Needs to Know
Author: Leonard Burman,Joel Slemrod
Publisher: Oxford University Press
ISBN: 0199890277
Category: Business & Economics
Page: 280
View: 2150

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Taxes in America, by preeminent tax scholars Leonard E. Burman and Joel Slemrod, offers a clear, concise explanation of how our tax system works, how it affects people and businesses, and how it might be improved. Accessibly written, the book describes the confundities of the modern tax system in an easy-to-grasp manner and addresses issues relevant to the average taxpayer.

The Encyclopedia of Taxation & Tax Policy

Author: Joseph J. Cordes,Robert D. Ebel,Jane Gravelle
Publisher: The Urban Insitute
ISBN: 9780877667520
Category: Business & Economics
Page: 499
View: 3404

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From adjusted gross income to zoning and property taxes, the revised edition of The Encyclopedia of Taxation and Tax Policy offers the best and most complete guide to taxes and tax related issues. More than 150 tax practitioners and administrators, policymakers, and academics contributed to this unique and authoritative reference. The Encyclopedia examines virtually all tax instruments used by governments (individual income, corporate income, sales and value-added, property, estate and gift, franchise, poll, and many variants of these taxes), as well as characteristics of a good tax system, budgetary issues, and many current federal, state, local, and international tax policy issues. The new edition is completely revised, with 40 new topics and 200 articles revised to reflect six years of legislative changes. Each essay provides the generalist with a quick and reliable introduction to many topics but also gives tax specialists the benefit of the best thinking of other experts in a manner that makes the complex understandable. Reference lists point the reader to additional sources of information for each topic. The first edition was selected as an Outstanding Academic Book of the Year by Choice magazine

The Economics of Tax Avoidance and Evasion

Author: Dhammika Dharmapala
Publisher: Edward Elgar Publishing
ISBN: 9781785367441
Page: N.A
View: 3387

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Tax compliance issues enjoy an unprecedented degree of public attention today and are of great importance to governments and policymaking. This single volume provides an overview of some of the most significant contributions to the economic analysis of tax avoidance and evasion and also sheds light on broader questions of social organization, behaviour, and compliance with the law. With an original introduction by the editor, this insightful book provides researchers and students with a guide to the fundamental intellectual developments that have shaped the economic understanding of tax avoidance and evasion, along with a framework for placing these contributions in their intellectual context.

The Economics of Natural Resources in Latin America

Taxation and Regulation of the Extractive Industries
Author: Osmel E. Manzano M.,Fernando Navajas,Andrew Powell
Publisher: Routledge
ISBN: 1351618857
Category: Business & Economics
Page: 240
View: 5755

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Revenues from commodities are extremely important for Latin America and the Caribbean, yet there is very little literature on the structure of these industries and on the various ways in which the state obtains commodity revenues. This book aims to understand the trade-off between the degree of taxation overall, the profitability of the relevant industry and the amount of investment and subsequent production in the region, as well as the relevance of institutions in the performance of the sector. This volume focuses on economic efficiency: where Latin America stands in terms of the current tax system for the extractive sector; how policies have changed in this regard; and how policies may be improved. The Economics of Natural Resources in Latin America is timely, since this new era of lower and volatile prices and possible reconfiguration of investment flows poses a challenge to natural resource tax systems in the world. The argument of the book will be made by a collection of papers around the issue of tax efficiency in the region and concludes with chapters on institutions and the role of transparency. This book shows that there are varieties of experiences in resource taxation and management of revenues in Latin America that could be used to shape policy interventions in other regions. This variety is not only related to their diverse impact on welfare, but also on the policy challenges faced by the countries in the region. This volume is well suited for those who study and find interest in development economics, political economy and public finance, as well as policy

Tax By Design

The Mirrlees Review
Author: Institute for Fiscal Studies (IFS),James Mirrlees
Publisher: OUP Oxford
ISBN: 0191620092
Category: Business & Economics
Page: 560
View: 829

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Tax by Design identifies what makes a good tax system for an open developed economy in the 21st century and suggests how the UK tax system could be reformed to move in that direction. The recommendations stress the importance of neutrality and transparency in tax design. It draws on the expert evidence from the commissioned chapters and commentaries in Dimensions of Tax Design. It also acknowledges the growing importance of globalised markets and multinational corporations as well as the challenges created by changing population demographics, the growth of new technologies, and the broadened objectives of policy makers. The Commission's work was directed by: Timothy Besley Richard Blundell Malcolm Gammie James Poterba The Commission's editorial team: Stuart Adam Stephen Bond Robert Chote Paul Johnson Gareth Myles

Taxing Ourselves

A Citizen's Guide to the Debate over Taxes
Author: Joel Slemrod,Jon Bakija
Publisher: MIT Press
ISBN: 026226482X
Category: Business & Economics
Page: 396
View: 2716

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As Albert Einstein may or may not have said, "The hardest thing in the world to understand is the income tax." Indeed, to follow the debate over tax reform, the interested citizen is forced to choose between misleading sound bites and academic treatises. Taxing Ourselves bridges the gap between the two by discussing the key issues clearly and without a political agenda: Should the federal income tax be replaced with a flat tax or sales tax? Should it be left in place and reformed? Can tax cuts stimulate the economy, or will higher deficits undermine any economic benefit? Authors and tax policy experts Joel Slemrod and Jon Bakija lay out in accessible language what is known and not known about how taxes affect the economy, offer guidelines for evaluating tax systems, and provide enough information to assess both the current income tax system and the leading proposals to reform or replace it (including the flat tax and the consumption tax). The fourth edition of this popular guide has been extensively revised to incorporate the latest information, covering such recent developments as the Bush administration's tax cuts (which expire in 2011) and the alternatives proposed by the President's Advisory Panel on Federal Tax Reform. Slemrod and Bakija provide us with the knowledge and the tools -- including an invaluable voter's guide to the tax policy debate -- to make our own informed choices about how we should tax ourselves.

The Economics of Taxation

Principles, Policy and Practice
Author: Simon R. James,Christopher Nobes
Publisher: N.A
ISBN: 9781906201074
Category: Taxation
Page: 322
View: 8007

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The 2008/09 edition of this book continues to provide a clear and authoritative introduction to the economic theory of taxation and to its practical operations in the UK. Part 1 of the text examines the principles of taxation, while Part 2 gives a borad-based description and evaluation of the policy and practice of the UK's tax system, highlighting some international comparisons. Features: - revised to include all 2008 Finance Act - Numerical examples and illustrations integrated throughout the text - Chapter by chapter self-assessment and discussion questions, with suggested answers at the end of the text Suitable for undergraduates of all disciplines studying on course in taxation, and other swanting to understand the economics of taxation.

Tax Systems

Author: Joel Slemrod,Christian Gillitzer
Publisher: MIT Press
ISBN: 0262026724
Category: Business & Economics
Page: 223
View: 3644

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Despite its theoretical elegance, the standard optimal tax model has significant limitations. In this book, Joel Slemrod and Christian Gillitzer argue that tax analysis must move beyond the emphasis on optimal tax rates and bases to consider such aspects of taxation as administration, compliance, and remittance. Slemrod and Gillitzer explore what they term a tax-systems approach, which takes tax evasion seriously; revisits the issue of remittance, or who writes the check to cover tax liability (employer or employee, retailer or consumer); incorporates administrative and compliance costs; recognizes a range of behavioral responses to tax rates; considers nonstandard instruments, including tax base breadth and enforcement effort; and acknowledges that tighter enforcement is sometimes a more socially desirable way to raise revenue than an increase in statutory tax rates. Policy makers, Slemrod and Gillitzer argue, would be well advised to recognize the interrelationship of tax rates, bases, enforcement, and administration, and acknowledge that tax policy is really tax-systems policy.

The Economics of Public Finance

Author: Alan S. Blinder,Robert M. Solow,George F. Break
Publisher: Atlantic Publishers & Distri
Category: Business & Economics
Page: 435
View: 902

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This is the thirty-fifth volume in the Brookings Studies of Government Finance series. In the first of its four essays, "Analytical Foundations of Fiscal Policy," Alan S. Blinder of Princeton University and Robert M. Solow of the Massachusetts Institute of Technology survey the theoretical and empirical underpinnings of fiscal policy. After discussing how the influence of fiscal policy on macroeconomic activity ought to be assessed, the authors examine and find inadequate the dictum that government should balance the budget rather than the economy. They defend--again both theoretically and empirically--the efficacy of fiscal policy against the monetarist challenge. From an examination of the lags and uncertainties in the operation of fiscal policy and an analysis of the 1968-70 income tax surcharge, they conclude that, although much remains to be learned about the econometrics of policy multipliers, the post-surcharge experience in no way undermines the theoretical foundations of fiscal policy. Where the burdens of various taxes fall has been a matter of intense interest to economic theorists in the last twenty years. As public expenditures (and taxpayer resistance) rise, not only must policy makers try to distribute the burdens of taxation equitably, but they must also attempt to move toward national goals by judicious use of tax instruments. George F. Break of the University of California at Berkeley, in "The Incidence and Economic Effects of Taxation," a comprehensive review of recent tax literature, focuses on the theoretical studies that have helped to expand knowledge of tax incidence and the empirical studies that support newly developed hypotheses. In each area he surveys--the design of theoretical and general sales and income taxes; the effect of economic choices, both of individuals and businesses, on the national well-being--Break indicates the ground still to be covered and the potential benefits of further inquiry. In "Public Expenditure Budgeting," Peter O. Steiner of the University of Michigan explores the literature dealing with the hard questions underlying public expenditures. What is the public interest? How does the community decide whether the government should undertake or finance a given activity, instead of leaving it to a private action or inaction? On what basis should incremental expenditure decisions of governmental units be made? Steiner reviews the various approaches scholars have taken to the difficult questions surrounding the appropriateness of governmental provision of particular goods and services. Although he finds none of the models fully satisfactory, his work contributes to the debate concerning the process by which collective values are articulated and collective decisions come to be accepted as binding. Dick Netzer's "State-Local Finance and Intergovernmental Fiscal Relations" clarifies the debate that centered around the initial proposals for revenue sharing. The author, Dean of New York University's Graduate School of Public Administration, explores the appropriate distribution of responsibility for public services among federal, state, and local governments, the appropriate revenue systems for the subnational governments, and the appropriate means of coordinating the systems with the responsibilities.

The Economics of Taxation

Author: Henry J. Aaron,Michael J. Boskin
Publisher: Brookings Institution Press
ISBN: 9780815700142
Category: Business & Economics
Page: 418
View: 5728

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