Reform of personal income tax: modern condition and prospects

Marginal tax reform , externalities and income distribution

The paper examines welfare improving and revenue neutral directions marginal policy reforms for an economy with nonidentical individuals and an externality that has a feedback effect on the consumption of taxed goods. It considers three types of policy instruments: the indirect taxes, the uniform poll transfer and public abatement. This extends the framework set up by Ahmad and Stern (1984), Bo...

The NIT as income tax reform

During the last decade the idea of a negative income tax (NIT) as the centerpiece program in antipoverty policy has faded politically to near extinction. Even if political support were favorable, I doubt that the NIT is currently a practical antipoverty proposal. Having made this admission, however, I hasten to say that I did not come to bury the negative income tax, but rather to suggest that ...

Italian Personal Income Tax Reform, Inequality and Welfare: IRE redistributive effects

This paper presents some methods to redistribute the gains (or losses) of a tax reform and a procedure to identify the value judgements according to the tax reform outcome. They are useful to analyse the original proposal of personal income tax (IRPEF) reform presented in Italy by the current Executive on 21 December 2001. The principal outcome will show that ‘the redistribution continues to go...

Reduce reliance on personal income taxes in next round of federal tax reform , says

The next round of reform and cuts to federal taxes should focus on bringing down overall personal tax rates, so that the tax mix depends relatively more on consumption taxes rather than income taxes, says a study released today by the C.D. Howe Institute. And Ottawa should pay more attention to payroll tax design, the study suggests, since payroll taxes that are clearly seen to fund desired ben...

Property Tax System in India: Problems and Prospects of Reform