Author: Daphne A. KenyonPublisher:
ISBN:
Category : Intergovernmental tax relations
Languages : en
Pages : 84
Book Description
Interjurisdictional Tax and Policy Competition
Author: Daphne A. KenyonPublisher:
ISBN:
Category : Intergovernmental tax relations
Languages : en
Pages : 84
Book Description
Interjurisdictional Competition in the Federal System
Author: Competition Among States and Local Governments
Author: Daphne A. KenyonPublisher: The Urban Insitute
ISBN: 9780877665175
Category : Political Science
Languages : en
Pages : 306
Book Description
Local Property and State Income Taxes
Author: Thomas J. NechybaPublisher:
ISBN:
Category : Income tax
Languages : en
Pages : 29
Book Description
This paper attempts to address two long standing questions in Public Finance: (i) why is the property tax, despite popular complaints about its fairness, the almost exclusive tax instrument used by local governments, and (ii) why do we consistently observe higher levels of governments undermine local property tax systems through income tax funded grants and state imposed caps on local property tax rates. A new intuitive argument to explain (i) is presented and tested in general equilibrium simulations which utilize a compu- table general equilibrium model of local public finance with parameters set to be consistent with micro-tax data. Different types of agents are endowed with income and houses and are able to move to their most preferred house in their most preferred jurisdiction. Also, agents vote myopically on local property tax rates while non-myopic community planners set a local income tax. Six possible objective functions for community planners are postulated, and all 6 lead to the same equilibrium outcome: community planners will always set local tax rates at or close to zero. When faced with popular sentiment against the property tax, community planners can collude and introduce local income taxes simultaneously to prevent adverse general equilibrium migration and price changes. Since zero income tax rates are dominant strategies however, such an agreement is only enforceable if an outsider like the state government steps in. State grants funded through a state income tax can play such an enforcement role
Three Essays on Interjurisdictional Tax Competition
Author: Local Tax Policy
Author: David BrunoriPublisher: The Urban Insitute
ISBN: 9780877667445
Category : Intergovernmental fiscal relations
Languages : en
Pages : 0
Book Description
This book provides a discussion of how local governments raise revenue. It addresses fundamental influences on local tax and revenue policy, including inter-jurisdictional competition, the politics of anti-taxation, and the relationship state governments have with the federal government. It discusses primary sources of revenue from a policy perspective, noting the pros and cons of the property tax, local sales and income taxes and non-tax revenue such as intergovernmental aid and user fees.
Fiscal Policy and Environmental Welfare
Author: Thorsten Bayındır-UpmannPublisher: Edward Elgar Publishing
ISBN:
Category : Business & Economics
Languages : en
Pages : 168
Book Description
In this innovative book the author examines the link between environmental, trade and industrial policies within an interregional setting. He models how regional governments, using tax rates on real capital and pollutant emissions, determine policies to favour their residents in terms of the provision of public goods and reduction in environmental degradation. Regions or countries engage in competition for mobile capital in a world where production causes pollution and tax revenues are required to finance public goods. In Fiscal Policy and Environmental Welfare the author considers the efficiency consequences when governments act strategically and seek to manage trade, capital flows and emissions. Using formal models, which extend and modify existing literature, the author demonstrates that interjurisdictional competition typically leads to inefficiencies. He argues that although interjurisdictional competition may lead to the overprovision of public goods and to an inefficiently high environmental quality, often the opposite seems to occur. This book will be welcomed by environmental economists, and those scholars interested in welfare and fiscal policy.
The Encyclopedia of Taxation & Tax Policy
Author: Joseph J. CordesPublisher: The Urban Insitute
ISBN: 9780877667520
Category : Business & Economics
Languages : en
Pages : 522
Book Description
"From adjusted gross income to zoning and property taxes, the second edition of The Encyclopedia of Taxation and Tax Policy offers the best and most complete guide to taxes and tax-related issues. More than 150 tax practitioners and administrators, policymakers, and academics have contributed. The result is a unique and authoritative reference that examines virtually all tax instruments used by governments (individual income, corporate income, sales and value-added, property, estate and gift, franchise, poll, and many variants of these taxes), as well as characteristics of a good tax system, budgetary issues, and many current federal, state, local, and international tax policy issues. The new edition has been completely revised, with 40 new topics and 200 articles reflecting six years of legislative changes. Each essay provides the generalist with a quick and reliable introduction to many topics but also gives tax specialists the benefit of other experts' best thinking, in a manner that makes the complex understandable. Reference lists point the reader to additional sources of information for each topic. The first edition of The Encyclopedia of Taxation and Tax Policy was selected as an Outstanding Academic Book of the Year (1999) by Choice magazine."--Publisher's website.
Rethinking Subnational Taxes
Author: Mr.Richard Miller BirdPublisher: International Monetary Fund
ISBN: 1451858035
Category : Business & Economics
Languages : en
Pages : 55
Book Description
The assignment of revenues in most developing and transitional countries to the central government has arguably facilitated irresponsible behavior by some subnational governments. One way to relieve this problem is to strengthen subnational tax regimes. The paper proposes two approaches to accomplish such strengthening in developing countries. The first—most applicable to large countries with important regional governments—is to establish subnational value-added taxes (VATs); the second is to replace the various unsatisfactory state and local taxes imposed on business by a low-rate value-added tax levied on the basis of income (production, origin) rather than consumption (destination).
Handbook of Fiscal Policy
Author: Jack RabinPublisher: CRC Press
ISBN: 9780824707736
Category : Political Science
Languages : en
Pages : 824
Book Description
Providing forty articles written by experts, this book explores the development of government spending and revenue policymaking, the legacy of John Maynard Keynes, taxes and tax policies, government budgeting and accounting, and government debt management. Topics include the implications of the federal balanced budget amendment, factors that affect implementation of fiscal policies, the relationship between tax assessment and economic prosperity, and debt management strategies by government institutions. It covers the role of government in formulating economic policies for growth and full employment and reviews issues associated with the implementation of fiscal policies.