Showing 1 - 10 of 48
Tax reforms are crucial to promoting inclusive growth in India. The replacement of a myriad of consumption taxes by a … Goods and Services Tax (GST) will boost India's competitiveness, investment, job creation and tax compliance. The potential … productivity by reducing distortions in the allocation of resources which emanate from the corporate income tax; iv) boost job …
Persistent link: https://www.econbiz.de/10011700368
concentrated and the tax and transfer system has little redistributive impact. The tax-to-GDP ratio remains low. Consumption taxes …, which tend to be regressive, account for the bulk. The progressivity of income taxes had been undermined by generous tax … reliefs, which benefit the well-off most and increase tax avoidance opportunities. The tax system should be reformed to …
Persistent link: https://www.econbiz.de/10009769634
Persistent link: https://www.econbiz.de/10009690332
This paper produces a comprehensive assessment of income redistribution to the working-age population, covering OECD … countries over the last two decades. Redistribution is quantified as the relative reduction in market income inequality achieved … data. A detailed decomposition analysis uncovers the respective roles of size, tax progressivity and transfer targeting for …
Persistent link: https://www.econbiz.de/10011823689
The sharp rise in debt experienced by most OECD countries raises questions about the prudent debt level countries should target. It also raises questions about the fiscal frameworks needed to reach them and to accommodate cyclical fluctuations along the path towards a prudent debt target. The...
Persistent link: https://www.econbiz.de/10011399529
This paper develops a medium-scale dynamic, stochastic, general equilibrium (DSGE) model for fiscal policy simulations. Relative to existing models of this type, our model incorporates a two-country monetary union structure, which makes it well suited to simulate fiscal measures by relatively...
Persistent link: https://www.econbiz.de/10012991064
Persistent link: https://www.econbiz.de/10012991352
so as to achieve the same amount of redistribution at lower cost. The French tax code should be simplified and changed … less frequently. High statutory rates are coupled with a wide range of effective tax rates resulting from a multitude of … tax expenditures. There is a need for base broadening combined with lower rates throughout the system, including VAT. The …
Persistent link: https://www.econbiz.de/10009767760
This paper provides an empirical investigation on the drivers of tax and transfer income redistribution to working … technological change. The baseline model is augmented with major direct policy drivers of income redistribution covering tax revenue … contributed to the decline in income redistribution include a flattening of the tax schedule in the upper-part of the wage …
Persistent link: https://www.econbiz.de/10011914266
support measures have helped to support households’ incomes and protect jobs during the COVID-19 crisis. However, high tax and …
Persistent link: https://www.econbiz.de/10012304424