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recommendations on how taxation should be used to address problems of inequality and poverty. The research methodology is based on a … taxation and social spending on inequality and poverty in individual countries. The dataset consists of data from the World … its redistributive policies. The article contributes to the academic literature on the impact of taxation on poverty and …
Persistent link: https://www.econbiz.de/10013198001
framework for the analysis of the relationship between taxation and economic growth. The second part focuses on the relations … between central government decisions on taxation and its influence on savings, investments and economic growth. In this part … authors checks two points of view on taxation. The first is that a low level tax burden is conducive to economic growth, and …
Persistent link: https://www.econbiz.de/10010515544
Large and growing levels of public debt in the United States, United Kingdom, Japan and the Euro Area raise new interest in the cross-country effects of a large open economy's deficits. The authors consider a dynamic optimising model with costly tax collection and exogenously given public...
Persistent link: https://www.econbiz.de/10011316577
In recent contributions, Weizsäcker (2014) and Summers (2014) maintain that mature economies accumulate too much capital. They suggest large and lasting public deficits as a remedy. This paper argues that overaccumulation cannot occur in an economy with land. It presents novel data of aggregate...
Persistent link: https://www.econbiz.de/10010344962
-by-doing and spillover-effects, with selected elements from the literature on optimal taxation. We demonstrate that in the period …
Persistent link: https://www.econbiz.de/10010414741
This paper develops a model of optimal debt maturity in which the government cannot issue statecontingent debt. As the literature has established, if the government can perfectly commit to fiscal policy, it fully insulates the economy against government spending shocks by purchasing short-term...
Persistent link: https://www.econbiz.de/10011478536
. The article consists of three parts. The first is an introduction to these taxes and taxation. The second is the analysis … in which the objective of the taxation is discussed. This part represents the trends in research on taxation and … stimulate taxpayer behavior, the economically and socially oriented objectives of taxation, and guides needed for tax …
Persistent link: https://www.econbiz.de/10010390252
In this empirical study we assess both linear and nonlinear relationship between total taxation and several tax items … evaluate the effects of taxation on economic growth for both short and long run perspectives, and to find optimal tax threshold … values. We obtain evidence of nonlinear relationships between all tax items, except for corporate income taxation, as well as …
Persistent link: https://www.econbiz.de/10013255645
The common VAT system adopted by EU member states comprises a set of various rates, which differentiate the goods and services subject to this tax. However, from a technical and management point of view, it would be preferable to adopt a single tax rate as it reduces distortions and facilitates...
Persistent link: https://www.econbiz.de/10012157117
We characterise optimal tax policies when the government has access to consumption taxation and cannot credibly commit … to future policies. We consider a neoclassical economy where factor income taxation is distortionary within the period … only labour and capital income are taxed, the optimal time-consistent policies with consumption taxation are remarkably …
Persistent link: https://www.econbiz.de/10011823330