The Appropriate Roles for Equity and Efficiency in a Progressive Income Tax

2019 ◽  
Author(s):  
James R. Repetti
Keyword(s):  
Income Tax ◽  
Equity And Efficiency

Australia's Tax and Transfer System under Review: Evaluating Harmer and Henry

2011 ◽  
Vol 22 (3) ◽  
pp. 1-6
Author(s):  
Hazel Bateman ◽  
Symposium Editor
Keyword(s):  
Natural Resources ◽  
Income Tax ◽  
Private Consumption ◽  
Tax Reform ◽  
Transfer System ◽  
Personal Income Tax ◽  
Ongoing Debate ◽  
Equity And Efficiency ◽  
Business Income ◽  
Tax And Transfer System

Two timely reviews of Australia's transfer and tax systems were commissioned by the incoming government in 2008, although the GST, tax exemption of superannuation payments to people aged over 60, and pre-announced personal income tax cuts were placed outside the scope of inquiry. Most of the recommendations of the Harmer Pension Review have been implemented, but most of the recommendations of the Henry Tax Review have not. The Henry recommendations provided for enhanced equity and efficiency through a broader and simplified base, concentrating revenue raising on personal and business income, private consumption, and economic rents from natural resources and land. They provide an integrated blueprint for ongoing debate over tax reform.

Does a Simpler Income Tax Yield More Equity and Efficiency?

2008 ◽  
Vol 54 (1) ◽  
pp. 73-97 ◽  
Author(s):  
C. Fuest ◽  
A. Peichl ◽  
T. Schaefer
Keyword(s):  
Income Tax ◽  
Equity And Efficiency

scholarly journals Rationalizing the Canadian Income Tax System

2019 ◽  
pp. 643-666
Author(s):  
Robin Boadway
Keyword(s):  
Tax Policy ◽  
Income Tax ◽  
Retirement Savings ◽  
Corporate Tax ◽  
Tax Reforms ◽  
Tax System ◽  
Goods And Services ◽  
Savings Accounts ◽  
The United Kingdom ◽  
Equity And Efficiency

The Canadian tax system is based on principles informed by the Carter report, and these principles have been challenged as circumstances have changed and ideas about tax policy have evolved. The personal tax system pays only lip service to the comprehensive income tax ideal, and the corporate tax is designed as a complement to a comprehensive tax system that does not exist. Canadian policy makers face the unprecedented challenges of (1) globalization, (2) an economy increasingly based on services and technology, and (3) growing inequality of income, wealth, and opportunity. Modern principles of tax design are reflected in recent tax reform proposals recommended by the Mirrlees review in the United Kingdom. Major tax reforms have been undertaken in other member countries of the Organisation for Economic Co-operation and Development. Some piecemeal innovations in tax policy have been implemented in Canada, such as registered retirement savings plans, tax-free savings accounts, the goods and services tax/harmonized sales tax, and refundable tax credits, but these measures have not been coordinated. The corporate tax structure has changed only modestly. This paper explores options for feasible reform of the Canadian tax system that might enhance equity and efficiency.

scholarly journals INCOME TAXES IN TAX POLICY FOR INCLUSIVE GROWT: A THEORETICAL DIMENSION

2020 ◽  
pp. 49-65
Author(s):  
Alla SOKOLOVSKA
Keyword(s):  
Economic Efficiency ◽  
Tax Policy ◽  
Income Tax ◽  
Income Taxes ◽  
Inclusive Growth ◽  
Wide Range ◽  
State Tax ◽  
Equity And Efficiency ◽  
Key Factor ◽  
The Eu

Introduction. Inclusive economic growth in Government’s Action Program is proclaimed as a strategic priority for the development of the Ukrainian economy, which makes it urgent to study the ways to secure it. An important role in ensuring inclusive growth is played by the state tax policy including income taxes due to both the ability of taxes to influence on the distribution of income and wealth in society, and the possibility of using them to stimulate more productive labor, improve skills, and obtain education. Purpose of the article is to identify the ways to reform income taxes in the process of forming and implementing tax policies for inclusive growth. Results. The study showed that developing income tax design that meets the requirements of inclusive growth seems to be quite difficult, since its model, which is considered the least economic efficiency (progressive income tax), is the most fair, while the least fair model (proportional tax) is the most economic efficiency. Therefore, the process of approximating various models of personal income tax to the needs of ensuring inclusive growth involves solving various problems: for a progressive tax – finding ways to increase efficiency (primarily employment incentive tools, which is a key factor for building an inclusive economy), for proportional tax – the tools of increasing equity, for personal and corporate taxes on capital income – a combination of the measures directed to increase both equity and efficiency. The tools proposed by financial science for the fulfillment of these tasks and approaches to their practical application in the EU countries are identified. Conclusions. While financial science offers a wide range of tools that can help create income taxes that meet the goals of inclusive growth, each country should choose those tools that can be effective under its conditions. In the course of such choice the numerous factors influencing effectiveness of tax measures in a particular country should be taken into account.

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