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 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 …

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 …

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 …

compare education to other tax-transfer schemes designed to achieve distributional objectives. While equity-efficiency trade … attendance, labor supply, wage determination, and aggregate production, which is used to compare alternative redistribution … superior to a negative income tax. With externalities in production, however, there is an unambiguous role for governmental …