Capital Taxation in the 21 Century
نویسنده
چکیده
منابع مشابه
An Analysis the Effect of Capital Taxation on Allocation of Resources: A Dynamic Equilibrium Model Approach
Abstract T he return of capital is fundamental to the intertemporal allocation of resources by changing the consumption behavior and capital accumulation over time. Taxation on return of capital increases the marginal product of capital, meaning that capital stock is lower than when capital is not taxed, which results decreased growth and welfare in steady state. This pape...
متن کاملOptimal Government Spending and Taxation in Three-Sector Endogenous Growth Model-Case Iran
The recent literature on taxation and growth has stressed the optimality of a zero long-run taxation on all accumulative factors of production. For a given path of government spending, the optimal tax plan requires the government to build up a positive stock of public wealth in the short run in the long-run, government spending can be financed with the income accruing from the management of the...
متن کاملThe Welfare Effects of Switching from Consumption Taxation to Inflation Taxation in Iran’s Economy
The net effects of switching from consumption taxation to inflation taxation on resource allocation and welfare crucially depend on production externalities. With elastic labor supply, raising inflation taxation decreases leisure, but increases the levels of real consumption, capital, and output. Moreover, this tax switch has two opposing effects on the level of real money balances: A positive ...
متن کاملThe Vanishing Bequest Tax: The Comparative Evolution of Bequest Taxation in Historical Perspective
The Vanishing Bequest Tax: The Comparative Evolution of Bequest Taxation in Historical Perspective Several countries have recently abolished or significantly reduced their taxes on bequests. Bequest taxes, on the other hand, were among the first to be introduced when modern systems of taxation were developed at the end of the nineteenth century. We propose an explanation for these facts which i...
متن کاملAn Examination of Taxation Effect on Interest Rate of Bank Deposits on Gross Domestic Product: Dynamic Stochastic General Equilibrium
Recently, the topic of taxation on the interest rate on bank deposits has become o one of the new debates among economists and politicians. In this regard, the purpose of this study is investigation of the effect of taxation on the interest rate on bank deposits on gross domestic product using the Dynamic stochastic general equilibrium model in period of 1981 to 2016. The results of the resear...
متن کامل