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 …

This paper tests the hypothesis that the salience of a tax system affects equilibrium tax rates. To do this, I analyze … hypothesis that decreased tax salience is responsible for the increase in toll rates, I also find evidence that the short run …

Tax revenues at 20% of GDP remain low compared to other Latin American countries and the OECD average and tax evasion … than households. Therefore, Colombia needs a comprehensive tax reform that boosts revenues and shifts the tax burden to … support more inclusive and green growth. Tax loopholes and exemptions that reduce the tax base and favour mainly the rich …

Reforms over the past two decades have produced a well-balanced, modern tax system. However, considerable revenues will … of total tax revenue but are levied on small tax bases, partly reflecting the distribution of income. A revenue source … less detrimental to growth is consumption taxes, which are mostly raised by the relatively broad value-added tax …

poverty. The tax-to-GDP ratio is low relative to other emerging market economies. The difficulty is to raise revenues without … denting growth or worsening inequality. Successive reforms have modernised the tax administration and increased the number of … taxpayers. Nonetheless, raising compliance is an ongoing challenge and investing in the tax administration rightly remains a …

We examine the measurement of tax expenditures, as well as review issues concerning the classification of tax … estimating tax expenditures. Unlike most previous work on the topic, we focus on how features of the current tax system including … the alternative minimum tax and sunset rules complicate and compromise the value of information provided by the tax …

Should a nation's tax system become more progressive as it opens to trade? Does opening to trade change the benefits of … a progressive tax system? We answer these question within a standard incomplete markets model with frictional labor … welfare losses. A progressive tax system is valuable, as it substitutes for imperfect insurance and redistributes the gains …

This paper compares marginal and average tax rates on working and saving under our current federal tax system with … those that would arise under a federal retail sales tax, specifically the FairTax. The FairTax would replace the personal … income, corporate income, payroll, and estate and gift taxes with a 23 percent effective retail sales tax plus a progressive …