Showing 1 - 10 of 8,053
We model the effects of consumption-type taxes which differ according to the base and location of the tax. Our model incorporates a multinational producing and selling in two countries with three sources of rent, each in a different location: a fixed basic production factor (located with initial...
Persistent link: https://www.econbiz.de/10012459082
This paper examines the welfare consequences of changing the current U.S. income tax system to a progressive consumption tax. We compute a sequence of single period equilibria in which savings decisions depend on the expected future return to capital. In the presence of existing income taxes,...
Persistent link: https://www.econbiz.de/10012478216
An important result due to Atkinson and Stiglitz (1976) is that differential commodity taxation is not optimal in the presence of an optimal nonlinear income tax (given weak separability of utility between labor and all consumption goods). This article demonstrates that their conclusion holds...
Persistent link: https://www.econbiz.de/10012468286
In economic analyses of the effects of tax policies, one commonly encounters discussions of the equivalence of apparently different policies, where equivalence is defined as the policies having the same impact on fundamental economic outcomes. These related tax policies may differ in many...
Persistent link: https://www.econbiz.de/10012480810
's benefit from public goods is tied to his or her income-earning ability, can be incorporated into modern optimal tax theory. If … may offer a useful approach to a positive optimal tax theory …
Persistent link: https://www.econbiz.de/10012457931
Frank Ramsey's classic paper "A contribution to the theory of taxation" gave rise to the modern theory of optimal …
Persistent link: https://www.econbiz.de/10012458135
We develop a unifying framework for optimal income taxation in multi-sector economies with general patterns of externalities. Agents in this model are characterized by an N-dimensional skill vector corresponding to intrinsic abilities in N potentially externality-causing activities. The private...
Persistent link: https://www.econbiz.de/10012458842
We examine a prominent justification for capital income taxation: goods preferred by those with high ability ought to be taxed. In an environment where commodity taxes are allowed to be nonlinear functions of income and consumption, we derive an analytical expression that reveals the forces...
Persistent link: https://www.econbiz.de/10012462038
This Handbook entry presents a conceptual, normative overview of the subject of taxation. It emphasizes the relationships among the main functions of taxation -- notably, raising revenue, redistributing income, and correcting externalities -- and the mapping between these functions and various...
Persistent link: https://www.econbiz.de/10012466608
(subject to achieving other government objectives). It starts with a review of the theory and practice of deadweight loss …
Persistent link: https://www.econbiz.de/10012470545