Extraordinary income is subject to preferential tax rates. Only one-fifth of extraordinary income is taken into account for progressive tax rate purposes or, alternatively, only 56% of the average tax rate governing the overall income is applied to the extraordinary income. If taxpayers accrue...

Modern advances give us the ability to re-engineer the taxation system to benefit from computerized automation and the insights of modern psychology. People like to do things that bring a tangible reward. Tax-paying should be made FUN, not a chore. You will want to participate if you perceive a...

Agricultural growth has been largely responsible for India’s desire for long term food security for its rapidly growing population and making food affordable by price stabilization. It is therefore a big challenge for the policy makers to make policies which enable farmers to efficiently...

This paper examines lobbying and corruption as alternative ways of dealing with regulatory obstacles. I propose a model where firms facing a costly regulation can bribe a rule-enforcing bureaucrat to get around it, lobby the government to reduce its impact, or do both. I then use a firm-level...

Regulation is a way of intervention of the public sector, which uses its legitimate and coercive power to establish restrictions to agent’s activities who participate in the market and guarantee the efficient allocation of goods and services and social welfare. In Colombia, as an interesting...