The Taxpayers Stake In Tax Reform
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Author | : Emanuel Kopp |
Publisher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 2019-05-31 |
Genre | : Business & Economics |
ISBN | : 1498317049 |
There is no consensus on how strongly the Tax Cuts and Jobs Act (TCJA) has stimulated U.S. private fixed investment. Some argue that the business tax provisions spurred investment by cutting the cost of capital. Others see the TCJA primarily as a windfall for shareholders. We find that U.S. business investment since 2017 has grown strongly compared to pre-TCJA forecasts and that the overriding factor driving it has been the strength of expected aggregate demand. Investment has, so far, fallen short of predictions based on the postwar relation with tax cuts. Model simulations and firm-level data suggest that much of this weaker response reflects a lower sensitivity of investment to tax policy changes in the current environment of greater corporate market power. Economic policy uncertainty in 2018 played a relatively small role in dampening investment growth.
Author | : Chamber of Commerce of the United States of America |
Publisher | : |
Total Pages | : 86 |
Release | : 1968 |
Genre | : Taxation |
ISBN | : |
Author | : |
Publisher | : |
Total Pages | : 56 |
Release | : 1993 |
Genre | : Tax revenue estimating |
ISBN | : |
Author | : |
Publisher | : DIANE Publishing |
Total Pages | : 77 |
Release | : 2005 |
Genre | : |
ISBN | : 1428934391 |
Author | : Anthony C. Infanti |
Publisher | : MIT Press |
Total Pages | : 253 |
Release | : 2018-10-02 |
Genre | : Business & Economics |
ISBN | : 0262038242 |
Why tax law is not just a pocketbook issue but a reflection of what and whom we, as a society, value. Most of us think of tax as a pocketbook issue: how much we owe, how much we'll get back, how much we can deduct. In Our Selfish Tax Laws, Anthony Infanti takes a broader view, considering not just how taxes affect us individually but how the tax system reflects our culture and society. He finds that American tax laws validate and benefit those who already possess power and privilege while starkly reflecting the lines of difference and discrimination in American society based on race, ethnicity, socioeconomic class, gender, sexual orientation and gender identity, immigration status, and disability. Infanti argues that instead of focusing our tax reform discussions on which loopholes to close or which deductions to allow, we should consider how to make our tax system reflect American ideals of inclusivity rather than institutionalizing exclusion. After describing the theoretical and intellectual underpinnings of his argument, Infanti offers two comparative case studies, examining the treatment of housing tax expenditures and the unit of taxation in the United States, Canada, France, and Spain to show how tax law reflects its social and cultural context. Then, drawing on his own work and that of other critical tax scholars, Infanti explains how the discourse surrounding tax reform masks the many ways that the American tax system rewards and reifies privilege. To counter this, Infanti urges us to work together to create a society with a tax system that respects and values all Americans.
Author | : CCH Canadian Limited |
Publisher | : Don Mills, Ont. : CCH Canadian |
Total Pages | : 358 |
Release | : 1987 |
Genre | : Corporations |
ISBN | : |
The 1987 tax reform package considered.
Author | : Chris Evans |
Publisher | : |
Total Pages | : 0 |
Release | : 2015 |
Genre | : Law |
ISBN | : 9789041159762 |
Why are tax systems so complex? What are the causes of tax law complexity? What are the consequences? Why is tax simplification so difficult to achieve? These, and related questions, lie at the core of this volume on tax simplification featuring chapters by leading tax experts around the world. The quest for simplicity è^' or at least some move towards simplification è^' has been a fixation of governments and others for many years, but little appears to have been achieved. Tax simplification is the most widely quoted but the least widely observed of the usually stated goals of policy (equity and efficiency being the others). It has been used (and abused) as a primary justification for tax reform over the last century, and typically it is seen as è^-a good thingè^-- è^' to say that one is in favour of tax simplification is tantamount to stating that one is in favour of good as opposed to evil.
Author | : United States. President's Advisory Panel on Federal Tax Reform |
Publisher | : |
Total Pages | : 304 |
Release | : 2006 |
Genre | : Income tax |
ISBN | : |
The official account of the advisory panel formed by Presi-dent George W. Bush to identify major problems in the U.S.Federal Tax Code and to recommend options to make the codesimpler, fairer and more conducive to economic growth. Thepanel's report was submitted to U.S. Secretary of the Trea-sury John W. Snow on Nov. 1, 2005. Chaired by Connie MackIII, the panel recommended 2 reform options: the SimplifiedIncome Tax Plan & the Growth & Investment Tax Plan.
Author | : |
Publisher | : |
Total Pages | : 1412 |
Release | : 1987 |
Genre | : Income tax |
ISBN | : |
Author | : Ms.Katherine Baer |
Publisher | : International Monetary Fund |
Total Pages | : 37 |
Release | : 1997-03-01 |
Genre | : Business & Economics |
ISBN | : 1451980396 |
Building on previous FAD work in the tax administration field, this paper defines broad criteria for diagnosing the problems in a country’s tax administration and formulating an appropriate reform strategy. To be effective, this strategy should be based on the size of the tax gap and the country’s particular circumstances. This paper discusses some guiding principles which have provided the basis for successful reforms, including: reducing the tax system’s complexity, encouraging taxpayers’ voluntary compliance, differentiating the treatment of taxpayers by their revenue potential, and ensuring the reform’s effective management. Also discussed are specific bottlenecks that hinder the effectiveness of the tax administration’s operations.