This paper tests a version of Barro's tax smoothing hypothesis using Australian data for the period 1964/65 to 194/95. The model assumes intertemporal optimisation by a government ssking to minimise the distortionary effects of tax collection.

This paper shows that the integration of corrective environmental taxation and optimal tax theory must begin by recognizing that environmental pollution problems are market failures that arise in the absence of enforceable property rights for the assimilative capacity of environmental waste...

The evidence in this paper would indicate that despite the push to make Australia an internationally competitive economy, its current tax system is not in touch with those of our trading partners nor in accord with our economic and trading priorities. This will pose a major challenge for...

All Direct and Indirect taxes accompanied by tax laws, accounting, auditing and tax returns, can be abolished if a new tax system called “TOP Tax system” is adopted and implemented by all nations. TOP Tax system will relieve 7 billion people of the world from the cobweb of ambiguous and...

The government's 2010 Comprehensive Spending Review was anything but comprehensive. The cuts to government spending were modest, and large swathes of state activity were barely touched. Britain will remain a heavily regulated, high-tax, high-spend economy. Instead of totally reviewing the...

Structural transformation has resulted in an increasing share of services in aggregate value-added in advanced and developing countries across the world. We analyze the impact of this shift into services on countries' efficiency in collecting the value-added tax (VAT). The analysis is based on...

This paper is to determine the optimality of taxation based on a comparative analysis of income taxation in developed and developing countries. In our opinion, the main idea of income tax should be the optimal distribution of tax literacy on the basis of a direct definition of income of...

The purpose of this paper is to investigate whether recurrent changes to Canada’s Capital Cost Allowance (CCA) system have significantly increased its complexity leading to incremental costs and inefficiencies for businesses. The study examines the extent to which the CCA system meets the...

This paper studies the effects of globalization on the ability of governments to generate tax revenues for the financing of national welfare states. In this context, it summarizes the theoretical predictions of various economic models of tax competition between countries and discusses the role...