Search results for "Consumption tax"

showing 3 items of 3 documents

Progressive consumption tax, minimum consumption, and inequality

2020

Abstract In this note, we study the effects of a progressive consumption tax on wealth and consumption inequality in a model economy featuring minimum consumption. We show that increasing the lower and upper bounds of the progressive tax rate reduces wealth and consumption inequality in the long run but is not sufficient. The lower and upper bounds must not exceed the thresholds, which are decreasing functions of minimum consumption. The result is useful for empirical studies of the redistribution of wealth and consumption.

Consumption (economics)Economics and EconometricsInequalitymedia_common.quotation_subject05 social sciencesMonetary economicsConsumption taxEmpirical research0502 economics and businessProgressive taxEconomics050207 economicsRedistribution of income and wealthFinance050205 econometrics media_commonEconomics Letters
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Tax Design in the OECD: A Test of the Hines-Summers Hypothesis

2011

This paper investigates the effects of economic size and trade openness on tax design in the OECD. Using data for 30 OECD countries over the 1965–2007 period, we test the recently proposed Hines-Summers [2009] Hypothesis, according to which the smaller the size and the greater the openness of the economy, the more it will rely on expenditure taxes and the less on income taxes. Our findings show that the Hines-Summers Hypothesis can claim broad, statistically significant, and robust empirical support in the OECD data sets we examined.

MacroeconomicsEconomics and EconometricsDouble taxationIncome tax; Consumption tax; Country size; Trade opennessjel:E60Monetary economicsTax reformInternational taxationjel:H20Consumption taxValue-added taxIncome taxOpenness to experienceEconomicsState income taxincome tax
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Effective Tax rates and Fiscal Convergence in the OECD: 1965-2001

2005

In this work we elaborate a data base that includes 21 OECD countries along the 1965-2001 period. It includes average effective tax rates on consumption, capital and labour, which are adequate to analyse macroeconomic effects of fiscal policy. Additionally, we make a description of the most important features of fiscal structures in OECD countries along the last decades. Thus, we find that the ratio of fiscal revenues to GDP has steadily increased in these countries, mainly due to the increase of taxation on labour earnings. This increase in fiscal revenues has gone together with a process of convergence across countries both in the level of fiscal revenues, as in labour and capital tax rat…

jel:H2jel:H87Tax rates consumption tax labour tax capital tax.Hacienda Pública Española/Revista de Economía Pública
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