This study investigates whether personal taxes are related to asset valuations. The effective tax rate of investment income fluctuated considerably since federal income taxes were introduced. The main result of the paper demonstrates that there is an economically and statistically significant relationship between asset valuations and personal tax rates. Stock valuations tend to be higher when t...

We use experimental economics methods to better understand personal income tax compliance behavior when a portion of an individual’s income is relatively difficult to detect by the tax authority. Self-employment income represents a type of income that could be difficult to identify, in part because there is no third party to report such income to the tax authority. In this experiment, subjects ...

Abstract The spread of the concept tax expenditures in many countries world resulted creation Global Tax Expenditures Database which included information from Ukraine where regular reporting is conducted on benefits are losses budget revenues. However, this incomplete, since it does not include personal income tax. introduction puts agenda problem identifying elements its benchmark and expendit...

underground economy affects important indexes such as formal gdp, unemployment, consumption, production and etc. therefore it is necessary to identify elements and factors which affect underground economy to restrict it. surveys and studies indicate the size of iran’s underground economy is high and taxes, quantity and quality of regulations and performance of formal economy are the important f...

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...

A significant amount of non-compliance with the personal income tax is due to individuals who have not filed a tax return and so who are not “in the system”. We use experimental laboratory methods to examine the effect of positive inducements for filing a tax return. Our design captures the essential features of a voluntary income reporting and tax assessment system: human participants earn inc...

The paper estimates the consequences for tax revenue and income distribution of removal expenditures from Spanish Personal Income Tax (IRPF) in place during 2013 year. concludes that all analyzed would increase by €24,457 million (37.9% IRPF actual collection), redistributive effect, measured Reynolds-Smolensky index, be reduced 1.1%. also analyzes sundry hypothetical scenarios involving refund...

Local governments in the United States typically rely on several main sources of own-source revenues, including individual income taxes, general sales taxes, specific excise taxes, fees and charges, and local property taxes. Of these sources, the dominant is by far the property tax. According to the United States Census Bureau (http://www.census.gov/govs/estimate), local property taxes accounte...