The Economics of Tax PolicyM. P. Devereux Taxes play a crucial role in the economies of all developed countries, and the design of tax policy has very important implications for economic behaviour and welfare. What effects will tax policies have on saving, investment, employment? What are the implications for international trade and investment? Can the tax system be used to protect the environment? How should taxes be designed to minimize welfare costs? The Economics of Tax Policy provides an introduction to these important economic issues. Up to date and accessible, this collection of surveys on tax policy has been written by an international group of authors well-known in the fields of public economics and taxation. Each chapter introduces a particular topic, presents the economic analysis in theoretical terms, and then summarizes and discusses the most important current policy issues, concentrating on issues which are applicable to all countries. The Economics of Tax Policy is a useful introduction to the area for undergraduates and graduates, policymakers, commentators, and business people. |
Contents
Optimal Taxation as a Guide to Tax Policy | 23 |
Taxation and Savings | 55 |
Labour Supply and Taxation | 107 |
Copyright | |
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Common terms and phrases
after-tax aggregate analysis assets behaviour bequests Blundell capital gains capital income tax carbon tax cent changes comprehensive income consumers consumption tax corporate income tax corporate tax cost of capital countries cycle debt decisions demand depreciation discussed distributional dividends earnings efficiency elasticity emissions empirical environmental taxes equity estimates example expenditure tax finance firms Fiscal Studies higher households impact implies important incentive income effect income taxation increase indirect taxes individual interest rate intergenerational investment investors issues Journal of Economics Journal of Public labour supply leisure liquidity constraints losses marginal tax rate measure ment Mintz Mirrlees optimal tax optimal taxation personal tax Pigouvian taxes present value problem production Public Economics rate of return reduce result risk sales taxes savings social welfare substitution effect sumption tax base tax competition tax policy tax reform tax revenues tax system tion transfers utility function wage tax wealth