An economic analysis of income tax reforms
Author(s)
Bibliographic Information
An economic analysis of income tax reforms
Ashgate, c1998
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Note
Includes bibliographical references (p. 213-221)
Description and Table of Contents
Description
The main purpose of this book is to compare two polar approaches to personal income tax reform in terms of both equity and efficiency. The options compared are a consumption-base flat tax of the type proposed by Hall and Rubushka for the United States and a comprehensive income base with lower tax rates based on the principles suggested by Simons. These options are evaluated at both the theoretical and empirical level. The book debunks the widely held view that a shift to a consumption-base flat tax is superior in terms of economic efficiency to a move to a comprehensive income tax. Using Canada as an example, this study shows that, in a small open economy, a move to a personal income tax with a comprehensive base and across the board tax cuts in order to maintain revenue-neutrality will improve both equity and efficiency. Within the framework of a knowledge based economy, this option is found to be superior to a consumption-base flat tax.
Table of Contents
- Part 1 The Canadian tax system - a brief overview: dimensions of the Canadian tax system. Part 2 Flat taxes: a classification of flat tax proposals
- transitional issues, international implicatons and simplicity
- channels of economic effects
- economic evaluation. Part 3 Comprehensive income tax: the concept of comprehensive income - a brief historical journey
- an alternative to flat taxes
- economic evaluation of the comprehensive income tax proposal. Part 4 Summary comparison of tax reform proposals: summary comparison of a consumption-base flat tax with a comprehensive income tax.
by "Nielsen BookData"
