Design and Reform of Taxation Policy: 25 (Financial and Monetary Policy Studies, 25) - Hardcover

Hardcover

ISBN 10: 0792320166 ISBN 13: 9780792320166

Publisher: Springer, 1992

Synopsis

G. Galeotti* and M. Marrelli** *Universita di Perugia **Universita di Napoli 1. The economic analysis of optimal taxation has permitted considerable steps to be taken towards the understanding of a number of problems: the appropriate degree of progression, the balance between different taxes, the equity-efficiency trade-off etc .. Though at times considered as abstract and of little use in policy design, the issues it addresses are real ones and very much on the agenda of many countries. As usual in scientific debate, criticisms have contributed to the correct understanding of the theoretical problems involved and made clear that, at the present state of the art, definitive conclusions may be premature. A first well-taken criticism addresses the assumption, underlying optimal taxation models, of a competitive economy with perfect information on the part of individual agents and full market clearing. Once we leave the Arrow-Debreu world, it is no longer necessarily the case that taxes and transfers introduce distortions on otherwise efficient allocations.

About this title

Synopsis

This volume deals with the problems associated with the design and reform of the tax system. The traditional theory of optimal taxation and reform ignores some important real-world constraints, such as transaction and administration costs, demographic changes and, in general, dynamic features and political or institutional constraints, "Design and Reform of Taxation" focuses attention on some of these critical issues. The text is divided into two sections, the first dealing with theoretical issues, while the second tackles the problem of implementation of tax reforms with the main emphasis on policy evaluation. It should be of interest to postgraduate students and researchers who have some familiarity with the subject. It aims to bridge the gap between theory and practice in the area of design and reform of the taxation system.

Edition details

• Publisher: Springer
• Publication date: 1992
• Language: English
• ISBN 10: 0792320166
• ISBN 13: 9780792320166
• Binding: Hardcover
• Number of pages: 220
• Editor: Galeotti P., Marrelli Massimo