Normative Evaluation of Tax Policies: From Households to Individuals We analyze the impact on French couples of a tax policy change – the introduction of a family tax credit – using jointly a collective model of household labor supply and a tax-benefit microsimulation program. In a first step, we suggest a larger interpretation of labor supply behaviors which represent a general concept of ‘eff...

We acknowledge financial support from the World Bank.The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research. ABSTRACT We explore the impact of a tax reform in some provinces of China which eliminated the value-added tax on some investment goods. While the goal of the experiment was to encourage upgrading of techno...

This paper proposes and analyzes a Social Security reform in which individuals no longer face the OASI payroll tax after, say, age 54 or a career of 34 years, and their subsequent earnings have no bearing on their benefits. We first estimate parameters of a life-cycle model. Our specification includes non-separable preferences and possible disability. It predicts a consumption-expenditure chang...

It is great to come back to NYU Law and especially fitting to be discussing business tax reform with all of you. Nearly a decade ago I co-taught the tax colloquium with Dan Shaviro. I am not sure how much anyone learned from me but I learned a huge amount from the NYU community and Dan in particular. And that learning continued in my close partnership with David Kamin for several years in the W...

Pakistan, like many LDCs, derives most of government revenue from indirect taxation. However, the system of taxes and subsidies has grown up piecemeal over the years, and it is unlikely that it cannot be improved. Any tax reform proposal must deal with the basic issues of equity and efficiency. Changes in taxes benefit or hurt people according to their demand and supply patterns, while the effe...

In this paper, we review the basic theories of fiscal decentralization, apply them to the problem of tax and expenditure assignments in a federal system, and consider the Indian case in the light of economic principles. We note the centripetal bias of India’s federal fiscal arrangements, which give the center indirect power over states’ expenditure decisions, as well as creating a vertical fisc...

This paper examines the role of evidence in drawing up the recommendations for tax reform in the Mirrlees Review. The arguments are organised loosely under five related headings: (i) Key margins of adjustment. (ii) Measurement of effective tax rates. (iii) The importance of information and complexity. (iv) Evidence on the size of responses. (v) Implications from theory for tax design. Although ...

This paper analyses the potential economic and environmental effects of carbon taxation in Japan using the E3MG model, a global macroeconometric model constructed by the University of Cambridge and Cambridge Econometrics. The paper approaches the issues by considering first the impacts of the carbon tax in Japan introduced in 2012 and then the measures necessary to reduce Japan's emissions in l...

This study aims to examine the market reaction tax reform. Tax reform was carried out by government on issue of post-covid economic recovery and responding environmental changes. policy has a new regulation in Indonesia form carbon tax, an increase VAT, income tax. research is event research. The population this companies listed Stock Exchange October 7, 2021. data are taken from Yahoo Finance,...