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 …

: democracy does not lead to a uniform decline in post-tax inequality, but can result in changes in fiscal redistribution and …In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail …

the benefits of mitigating risk exceed incentive costs. This note suggests that private insurance should be considered …

A planner sets a lump sum transfer and a linear tax on labor income in an economy with incomplete markets …, heterogeneous agents, and aggregate shocks. The planner's concerns about redistribution impart a welfare cost to fluctuating … transfers. The distribution of net asset holdings across agents affects optimal allocations, transfers, and tax rates, but the …

A substantial literature addresses the design of transfer programs and policies, including the negative income tax …, other means-tested transfers, the earned income tax credit, categorical assistance, and work inducements. This work is … largely independent of that on the optimal nonlinear income tax, yet formulations of such a tax necessarily address how low …

The purpose of the present note is to explore the structure of optimal income taxation/redistribution in an economy … where the welfare of individuals depends in part on relative after-tax consumption, i.e., we specify individual welfare as a … function of absolute and relative after-tax consumption, with diminishing marginal utility to each. With such a specification …

Following the rationale for regional redistribution programs described in the official documents of the European Union … redistribution policy results from countries' uncoordinated policies, obviating the need for a central agency. But if countries have …