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Corporate tax reform : from income to cash flow taxes

Carton, Benjamin; Fernandez-Corugedo, Emilio; Hunt, … - 2019

This paper uses a multi-region, forward-looking, DSGE model to estimate the macroeconomic impact of a tax reform that replaces a corporate income tax (CIT) with a destination-based cash-flow tax (DBCFT). Two key channels are at play. The first channel is the shift from an income tax to a...

Persistent link: https://www.econbiz.de/10012001561

Tax reforms and fiscal shock smoothing

Amaglobeli, David; Jaramillo Echeverri, Laura; Karnane, … - 2019

This paper examines the role of tax policy reforms in enhancing fiscal shock smoothing in a panel of 13 OECD economies during the period 1980-2017. The results suggest that tax reforms, in particular those that broaden the tax base, significantly enhance the ability of fiscal policy to mitigate...

Persistent link: https://www.econbiz.de/10012021994

Political costs of tax-based consolidations

Chen, Chuling; Dabla-Norris, Era; Rappaport, Jay; … - 2019

This paper studies the impact of tax-based consolidations on reelection outcomes. Using a granular database of tax-based consolidations for a panel of 10 OECD countries over the last 40 years, we find that tax reforms are politically costly but some reforms are costlier than others. Measures...

Persistent link: https://www.econbiz.de/10012155198

Tax Systems and Development

Mardan, Mohammed - 2020

This paper analyzes the optimal tax system consisting of the tax rate and the capacity of the tax administration. I challenge the conventional wisdom that tax rates and tax administrations' capacity are complements showing that their relationship depends on a country's level of development....

Persistent link: https://www.econbiz.de/10012846675

Welfare Effects of Indirect Tax Policies in West Africa

Babatoundé, Alain; Capéau, Bart; Houssa, Romain - 2023

In West Africa, the Value Added Tax (VAT) policy consists of a uniform tax rate, but several items consumed by rich and poor households, are exempted. We provide an optimal tax framework to reflect on the welfare effects of such a tariff structure, in the context of current debates on domestic...

Persistent link: https://www.econbiz.de/10014357634

Some Microeconomics of Fiscal Deficit Reductions : The Case of Tax Expenditures

International Monetary Fund - 1989

This paper considers the merits of reducing or eliminating some specific tax expenditure measures currently in force in the United States with a view to reducing the federal fiscal deficit. The paper starts from the observation that savings decisions in the United States are distorted and that...

Persistent link: https://www.econbiz.de/10014396455

Tax Policy and Reform for Foreign Direct Investment in Developing Countries

International Monetary Fund - 1990

This paper identifies tax factors in 21 developing countries that have an impact on foreign direct investment flows. It categorizes those factors into issues associated with tax coordination; tax rates and rate structures; and composition of the tax base. Recent actions by countries reveal no...

Persistent link: https://www.econbiz.de/10014395772

Social Security Tax Reform and Unemployment : A General Equilibrium Analysis for France

International Monetary Fund - 1997

French economy. The simulation results indicate that targeted reductions in employer social security taxes have six times as …

Persistent link: https://www.econbiz.de/10014401626

Trends and Future Directions in Tax Policy Reform : A Latin American Perspective

Shome, Parthasrathi - 1992

Tax reform in Latin America during the 1980s emphasized broad-based, low-rate consumption taxes over steeply … progressive income and property taxes, primarily to simplify the tax structure and facilitate tax administration. While tax reform …, alternative corporate taxes (cash flow tax, assets tax), capturing difficult tax bases (financial intermediation, property …

Persistent link: https://www.econbiz.de/10014398057

Technical Assistanceon Tax Policy : A Review

International Monetary Fund - 1993

This paper reviews recent experience of technical assistance on tax policy provided by the Fiscal Affairs Department to a selected but diversified group of countries that differ both in their geographical locations and in the nature of their economies. The review finds in the technical...

Persistent link: https://www.econbiz.de/10014398187