Mathematical Literacy teachers’ engagement with contextualised income tax calculations

Income Tax Buyouts and Income Tax Evasion

A tax buyout is a contract between tax authorities and a tax payer which reduces the marginal income tax rate in exchange for a lump-sum payment. While previous contributions have focussed on labour supply, we consider the interaction with tax evasion and show that a buyout can increase expected tax revenues. This will be the case if (1) the audit probability is constant and the penalty for eva...

Fixing the Income Tax with the Fair Tax

Optimal Tax Mix with Income Tax Non-compliance∗

Although developing countries face high levels of income inequality, they rely more on consumption taxes, which tend to be linear and are less effective for redistribution than a non-linear income tax. One explanation for this pattern is that the consumption taxes are generally more enforceable in these economies. This paper studies the optimal combination of a linear consumption tax, with a no...

Negative Income Tax Plan

British Income Tax

To the Editor of The Indian Medical Gazette. Sir ?May I remind those of your readers who receive income from the United Kingdom and have already made a claim to the Inland Revenue for repayment of the Income Tax deducted therefrom for last year, that a further claim can now be made in respect of the current financial year. , , . To those of your readers who possess such income and have not yet ...