The article builds on the Hall-Rabushka Flat Tax and proposes a consumption tax called the “E Tax,” which is an … electronically collected credit invoice VAT. The Hall-Rabushka Flat Tax is a two-tier consumption tax that is based on a subtraction … to the VAT rate, with a zero bracket amount, personal exemptions and limited individual deductions. The E Tax modifies …

This article discusses probably the most significant obstacle to the adoption of a consumption tax: the negative … effects on existing wealth that the transition from the income tax to most forms of a consumption tax would have. The … the changes in the tax law since the CBO study, however, prompt the more basic question: “Can we get there from here …

An efficient tax system is essential for the functioning of a market economy. The implementation of an effective tax … transformation process. A key role in the reform agenda is given to public finances, especially tax reform. During the last decade … severa researches and recommendations have been made in scientific literature regarding a consumption based tax reform. The …

An efficient tax system is essential for the functioning of a market economy. The implementation of an effective tax … transformation process. A key role in the reform agenda is given to public finances, especially tax reform. During the last decade … severa researches and recommendations have been made in scientific literature regarding a consumption based tax reform. The …

Many experts equate the best tax system with the simplest, and the best tax reform with the one that most simplifies … the system. However, the simplest, most elegant policy need not be the best because tax policy involves a tradeoff among …. Because one’s favored tax system depends both on economic assumptions and value judgments, which not everyone shares, this …

state sales taxes. Consequently, by eliminating the sales tax and replacing the lost revenue with an income-based tax …, Iowans could save a substantial amount of money on their federal tax returns without any change in revenue for the Iowa … government. Alternatively, by replacing the sales tax with an income-based tax, the State of Iowa could increase its tax revenue …

as in a tax planning framework (Chapter 2 and 3). In the second part, two empirical studies are presented that analyze … the influence of the capital gains taxation on investment decisions (Chapter 4) and on the overall income tax burden … (Chapter 5).Chapter 1 analyses for various corporate tax systems whether the capital gains tax distorts investment decisions …

the present value of tax liabilities are calculated, by using an after-tax risk-free discount rate, and incorporating any … new or reduced tax liabilities generated into its expected risk and return estimates. The asset allocation problem is … marginal tax rates, investment horizons, borrowing premiums, high or low inflation environments, and different starting cost …

run counter to one of the core concepts for tax administration in New Zealand – the protection of the integrity of the tax …

behavior between these two approaches, then this may indicate that the current tax policy institutions are failing and need …