Russia dramatically reduced its higher rates of personal income tax (PIT) in 2001 establishing a single marginal rate …. This 'flat tax' experience has attracted much attention (and emulation) among policymakers, making it perhaps the most … important tax reform of recent years. But it has been little studied. This paper asks whether the strong revenue performance of …

, using data from around the time of the 1997 U.K. dividend tax reform, which removed a significant tax credit for an … important group of investors: U.K. pension funds. The tax-adjusted CAPM suggests that the impact should depend on an average of … dividend tax rates across all investors, and that U.K. pension funds should reduce their holdings of the previously tax …

This paper provides an updated overview of tax incentives for business investment. It begins by noting that tax … competition is likely to be a major force driving countries' tax reforms, and discusses tax incentives as a possible response to … this. This is complemented by other arguments for and against tax incentives, and by an illustrative analysis of different …

We compare the general tax provisions and investment incentives in the Philippines to six other east-Asian economies …-Malaysia, Indonesia, Lao, Vietnam, Cambodia, and Thailand. We calculate effective tax rates and find that general effective tax rates are … relatively high in the Philippines, while investment incentives are comparable to those in neighboring countries. Tax holidays …

This paper provides an overview of full and partial allowance for corporate equity (ACE) tax systems in practice. In …. Despite the reduction in the tax preference for debt finance, capital structures have not changed much, but dividends have … rather than the tax cut is unclear. …