Establishing an equitable and efficient tax system is essential for reducing poverty, combating inequality, and … personal income tax schedule for 2023 and 2024 as part of broader tax reforms set forth in its Medium-Term Revenue Strategy …. This study examines the fiscal and distributional effects of the personal income tax changes, employing a newly-created tax …

threshold level. I find that this reform reduces the inequality in after-tax income, wealth, and consumption. However, it … end, I develop a theory of entrepreneurship that mimics key facts on the wealth and income distribution in Spain. I find … involves doubling the average effective tax rate on labor and business income for all individuals whose income is above a …

, escalating income inequality. Policy simulations indicate government support measures mitigated wage income reduction and … unemployment rise, yet they contributed to income inequality under certain conditions. These results provide insight into the …' wage income. Firms' sales, particularly in areas heavily impacted by COVID-19, declined by 6.1% on average, inducing a …

We study a set of tax reforms introducing a budget-neutral tax shift in Italy, from labour income to consumption taxes … bivariate non-linear functions of capital income and labour income. The methodology allows for the representation of the non … effects within a life-cycle optimization framework. Our simulations show that a tax shift made by cutting personal income tax …

the model permits the use of common income concepts across countries and therefore enables one to make informative …

economies remains limited. Against this backdrop, this study aims to explore the effect of fiscal drag on income distribution … by the liability progression of personal income tax in the pre-inflation period. Second, the impact of fiscal drag on the … redistributive effects and progressivity of personal income taxes is differentiated among countries. On the one hand, it reduces the …