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Tulip, Peter - 2007

This paper discusses recent developments and policy issues relating to financial markets in Iceland. Overall, the sector is thriving, both relative to history and to conditions in other countries. This bodes well not only for those directly involved in the industry but for the country as a...

Persistent link: https://www.econbiz.de/10012443060

Avoiding the Value Added Tax : Theory and Cross-Country Evidence

de Mello, Luiz - 2008

This paper develops a differential game of tax avoidance by modelling the interactions between a taxpayer and the tax authority. This framework is particularly useful for explicitly modelling situations of conflict. The solution to the game is a non-co-operative Nash that depends on the...

Persistent link: https://www.econbiz.de/10012443965

The Brazilian 'Tax War' : The Case of Value-Added Tax Competition among the States

de Mello, Luiz - 2007

This paper tests for horizontal tax competition in the VAT for a sample of Brazilian states in the period 1985-2001. The states have considerable autonomy to set their VAT rates and bases, often using this tax as an industrial policy tool. The empirical findings, based on the estimation of a tax...

Persistent link: https://www.econbiz.de/10012444814

The Rates and Revenue of Bank Transaction Taxes

Baca-Campodónico, Jorge - 2006

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 Tax System in Japan : A Need for Comprehensive Reform

Dalsgaard, Thomas - 2000

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

Making the Tax System Less Distortive in Switzerland

Fuentes, Andrés - Economics Department, Organisation de Coopération et … - 2013

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

The Efficiency and Equity of the Tax and Transfer System in France

Égert, Balázs - Economics Department, Organisation de Coopération et … - 2013

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

Non-Keynesian Effects of Fiscal Consolidation: An Analysis with an Estimated DSGE Model for the Hungarian Economy

Benk, Szilárd; Jakab, Zoltán M. - Economics Department, Organisation de Coopération et … - 2012

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

Ensuring Debt Sustainability Amid Strong Economic Uncertainty in Hungary

Beynet, Pierre; Kierzenkowski, Rafal - Economics Department, Organisation de Coopération et … - 2012

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

Making Economic Growth more Socially Inclusive in Germany

Kappeler, Andreas; Hutfilter, Andrés Fuentes - Economics Department, Organisation de Coopération et … - 2014

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