, address the deterioration in income distribution and improve the local tax system. Additional revenue should be obtained … corporate income tax bases. The corporate tax rate, now the highest in the OECD area, should be cut to promote growth, while … consider introducing an Earned Income Tax Credit to promote equity. The local tax system should be simplified, increasing …

Korea has one of the lowest tax burdens in the OECD area, reflecting its small public sector. However, rapid population … taxes for additional revenue. There is also scope for raising personal income tax revenue from its current low level by … broadening the base by reducing the exemptions for personal income. The planned cuts in the corporate tax rate should be financed …

targeted and at times subject to conflicting objectives. The end result is that the interaction between the personal income tax …

Finland raises a large amount of taxes to finance high-quality public services and redistribute income. Public finances … are currently relatively solid and taxes and transfers reduce income inequality significantly. However, a rapidly ageing … population pushes up public spending, while globalisation creates challenges in raising revenue. Hence, ensuring long-term fiscal …

of an economy and the distribution of income across households? The present study takes this question to the data, using …-term level of average output per capita and the distribution of disposable income across households. Changing the revenue mix … wedge below or above average incomes, cuts in corporate income taxes or increases in property taxes. The relative-income …