Individuals vary considerably in how much they earn during their lifetimes. We study how the tax-and-transfer system o … life-cycle model, we find that redistribution by taxes and transfers off sets 54% of the inequality in lifetime earnings …

Individuals vary considerably in how much they earn during their lifetimes. This study examines the role of the tax … lifetime tax reform linking annual taxes to previous employment could improve the system's insurance capabilities, albeit at …

century. For this purpose, we compute the marginal effects of the cash transfers, taxes, and in-kind benefits on inequality … using the Lerman-Yitzhaki progressivity index. Our main results are: i) the Brazilian tax system as a whole remains … towards a more progressive tax system could be achieved by reducing the weight of indirect taxes and increasing the taxation …

business income to tax authorities, we show that a fall in the tax rate may increase investment in risky entrepreneurial …, including private business equity. In a system of simultaneous demand equations in first differences, we identify the tax … effects by an instrumental variables approach exploiting tax reforms during our observation period. To account for selection …

Getting tax and transfer systems to efficiently deliver sufficient revenues to achieve macroeconomic targets, address … goals in re-distribution and social welfare, encourage employment, accommodate business-competitiveness concerns and … more revenue from the Goods and Services Tax. The report also advises caution in some recent welfare-reform proposals, and …

greater risk. By exploiting the enactment of the American Taxpayer Relief Act 2012 as an exogenous tax shock, we observe that … years. Such tax-induced behavior is associated with negative fund performance. We highlight the role of co-investment in … transmitting managerial tax shocks to mutual funds. …

their own tax interests. By exploiting the enactment of the American Taxpayer Relief Act 2012 as an exogenous shock of …. Such tax-induced behavior is associated with negative fund performance. We highlight the role of co-investment in … transmitting managerial tax shocks to mutual funds. …

This paper investigates the design of tax structures to promote economic growth. It suggests a “tax and growth” ranking … taxes on immovable property appear to have the least impact. A revenue neutral growth-oriented tax reform would, therefore …-designing taxation within each of the broad tax categories could in some cases ensure sizeable efficiency gains. For example, reduced …