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In this paper, we model - quantitatively – a possible realistic interaction between a tax-payer and his Government. We … there is no reason (convenience), for the tax-payer, to evade the taxes or to declare less than his real income. Moreover … distinguished tax-payer (big companies and so on). …
Persistent link: https://www.econbiz.de/10011259328
% to 10.5% (which requirement does not cover public debt since that is considered reliable). Fiscal measures concern tax … wealth tax or create 40 year leases (implictly at 10 billion per year excluding interest) like Hong Kong once was for …
Persistent link: https://www.econbiz.de/10009294940
The 1980s were a decade of tax reform across OECD countries. The changes had many common themes. Top rates of personal … income tax and rates of corporate income tax fell, but revenues were maintained by broadening the bases of these taxes. Seven … countries introduced a value-added tax. Many countries that already had a VAT increased its rate. Social security contributions …
Persistent link: https://www.econbiz.de/10008592934
The rules of the Eurozone cause the euro to function as the gold standard. The US economy performs better in some respects, partly because of the advantages of fiat money. The treaty on the EMU has to be adapted in order not to become dependent upon current ad hoc measures, with the loss of...
Persistent link: https://www.econbiz.de/10011107257
The welfare state was created after 1950 with counterproductive mechanisms and this caused high inflation and high unemployment and stagnating growth by 1970, called stagflation. Since 1970 governments redressed the welfare state but did not succeed in finding workable mechanisms. They rather...
Persistent link: https://www.econbiz.de/10011108214
In the article, we review recent literature on fiscal sustainability with particular reference to problems that are specific to transition countries. While the original literature on fiscal sustainability is chiefly focused on industrial countries there are by now few works that have focused on...
Persistent link: https://www.econbiz.de/10005836886
Public financial management by the government is very important in view of the level of welfare in Indonesia is still low, as there are still much poverty with the level of fulfillment of the needs of low, corruption that occurs in every area of government, income distribution is uneven, low...
Persistent link: https://www.econbiz.de/10012968836
Persistent link: https://www.econbiz.de/10013459233
This study examines the relationship between Japan’s financial structure and the country’s fiscal/monetary policy … and financial structure. Policymakers in Japan may have effectively influenced Japan’s financial structure development via …
Persistent link: https://www.econbiz.de/10011260284
This study examines the relationship between Japan’s financial structure and the country’s fiscal/monetary policy … and financial structure. Policymakers in Japan may have effectively influenced Japan’s financial structure development via …
Persistent link: https://www.econbiz.de/10010548349