Showing 1 - 10 of 53
This paper provides cross-country empirical evidence on the productivity of bank transaction taxes (BTTs). Our data set comprises six Latin American countries that have levied BTTs since the late 1980s: Argentina, Brazil, Colombia, Ecuador, Peru and Venezuela. We find that, for a given tax rate,...
Persistent link: https://www.econbiz.de/10012445216
The Japanese tax system applies relatively low marginal tax rates on most economic activities which, in combination with moderate tax elasticities of the bases, indicate that the overall distortion from the tax system (the excess burden) is probably modest compared with other OECD countries....
Persistent link: https://www.econbiz.de/10012446303
contributions towards the health and pension systems which are managed by private institutions. Taxation of personal income and … labour earnings is relatively high, whereas the taxation of consumption is low. Empirical research on OECD economies and on … Switzerland specifically indicates that shifting taxation away from personal income towards the taxation of consumption would …
Persistent link: https://www.econbiz.de/10011273965
Taxes and cash transfers reduce income inequality more in France than elsewhere in the OECD, because of the large size of the flows involved. But the system is complex overall. Its effectiveness could be enhanced in many ways, for example so as to achieve the same amount of redistribution at...
Persistent link: https://www.econbiz.de/10011274980
Using an estimated DSGE model for Hungary, the paper identifies the possible non-Keynesian channels through which a fiscal consolidation may manifest as expansionary. Simulations show that fiscal consolidation policies are typically contractionary. Nevertheless, taking into account some specific...
Persistent link: https://www.econbiz.de/10011276878
Despite a deep recession in 2009 and weak growth in subsequent years, Hungary’s fiscal position compares favourably with many other OECD countries. Nonetheless, the underlying fiscal balance started deteriorating in 2010 and 2011. Recognising this, Hungary’s government launched an ambitious...
Persistent link: https://www.econbiz.de/10011276894
While past labour market reforms have been successful in terms of employment, the relative poverty risk and income inequality have remained broadly unchanged in recent years. Some social groups remain particularly vulnerable, including individuals in non-regular employment, the unemployed and...
Persistent link: https://www.econbiz.de/10011276897
Norway’s dual income tax system achieves high levels of revenue collection and income redistribution, without overly undermining economic performance and while paying attention to environmental externalities. It treats capital and labour income in different ways: capital income is taxed at a...
Persistent link: https://www.econbiz.de/10011276913
The crisis revealed the need for a strategic review of the existing social protection system in Estonia. Extreme income fluctuations on one side and low social benefits on the other side exposed fragile groups in the population to a significant poverty risk. The government has recently...
Persistent link: https://www.econbiz.de/10011276944
selective subsidies to parts of the formal sector. Labour market and business taxation reforms are particularly important to …
Persistent link: https://www.econbiz.de/10011276955