large an effect on employment as untargeted reductions for equal initial budgetary cost, while employee social security tax … various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment …

The Icelandic government has launched a review of the tax system, with a view to improving its income redistribution … detrimental effects on employment and growth, and at removing inconsistencies with international practices. The tax measures will …. The Icelandic Corporate Index Tax would benefit from adopting financial accounting as the basis to determine taxable …

The classical corporate profits tax in the United States involves non-neutralities between: different sources of … different integration schemes on the user cost of capital and tax revenues are assessed. The integration of corporate and …

This paper considers the merits of reducing or eliminating some specific tax expenditure measures currently in force in … significant welfare losses. It is possible by reducing or eliminating individual tax expenditures to reduce the fiscal deficit … while at the same time enhancing economic efficiency. However, tax expenditures are heterogeneous so changes to the range of …

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 clear pattern in their attempts to increase tax coordination, while many have …

This paper reviews recent experience of technical assistance on tax policy provided by the Fiscal Affairs Department to …

Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions …. 'Debt bias' (tax provisions favoring finance by debt rather than equity) has increased leverage in both the household and … corporate equity has generally proved effective. The paper concludes that debt bias should feature prominently in countries' tax …

This paper examines the methodological issues arising in the measurement of the distributional impact of tax and …