Narrowing the Tax Gap Through Presumptive Taxation

SSRN Electronic Journal, 2000

2003

Cet article donne un aperçu personnel des grands changements, théoriques et pratiques, qui se sont produits en politique fiscale au cours des dernières décennies. Il présente également certaines hypothèses sur les tendances à venir dans ce domaine.

The goal of this paper is to bring together two unconventional approaches to taxing individual income, the potential income tax and presumptive income taxes. In this paper we argue that the combination of two approaches considerably increases the attraction of each of the separate concepts; in particular a presumptive taxation perspective transforms the potential income tax into a more operational concept while a potential income tax perspective provides strong theoretical justification to presumptive income taxes. The paper also illustrates how a potential/presumptive income tax could be implemented for labor income using data from the U.S. as an example.

Fabian Review, 2014

Nobody should be surprised that the main political parties are currently doing all they can to avoid talking seriously about tax. With the least predictable election in living memory on the horizon, no party wants to give their rivals the opportunity to wheel out the kind of 'tax bombshell' accusations that worked so well for John Major in 1992. But, whatever the shortrun tactical demands of the coming election campaign, the next government is going to have to rescue Britain's decrepit, ramshackle tax system.

Taxing the Hard-to Tax:Lessons from Theory and Practice

Pierce Law Review, 2004

Several factors conjunctively operate to make and keep our tax system complex. By way of specific examples from ancient times to the present, this article discusses some of the dynamics that impede and counteract the tax simplification efforts of the executive and the legislative branches. The author seeks here to advance the scholarly and practical understanding as to why taxation continues to resist simplification, by way of identifying and describing the actions of forces that complicate the taxation process.

Journal of Policy Analysis and Management, 2007

In broad outline, everyone who writes about tax reform says the same thing. The U.S. personal income tax is unfair, inefficient, and appallingly complicated. To fix the tax, we must sharply curtail tax "loopholes," thereby allowing us to broaden the tax base, reduce tax rates, and achieve substantial improvement in all three dimensions at one fell swoop. All of the major tax reform proposals currently in the public eye would follow this strategy. All would also provide significant relief to low income taxpayers. There are, of course, important real differences among proposals for major tax reform. The major points of contention involve the treatment of income derived from capital, the desirability of a single tax rate (a flat tax), and the desirability of reducing the deficit by increasing total tax revenues. Strikingly, however, the tax bill that emerges from Congress in the near future (if at all) will almost certainly not embody a compromise among these differences. Rather, it will provide less base broadening, less rate reduction, less low income relief, and far less simplification than any of the major proposals that have been advanced. It is very unlikely to reduce the deficit by an appreciable amount. In short, the day after the President signs a tax bill (should such a day ever arrive), the U.S. personal income tax will almost certainly be subject to the

1996

Canadian Tax Journal/Revue fiscale canadienne

Canadian Tax Journal Revue fiscale canadienne 1 Non-Residents and Capital Gains Tax in Australia richard krever and kerrie sadiq 23 Policy Forum: Editor's Introduction-Reform of Corporate Taxation kevin milligan 27 Policy Forum: International Effects of the 2017 US Tax Reform-A View from the Front Line peter harris, michael keen, and li liu 41 Policy Forum: Is Accelerated Tax Depreciation Good or Misguided Tax Policy? philip bazel and jack mintz 57 Policy Forum: Business Tax Reform in the United States and Canada ken mckenzie and michael smart 67 Douglas J. Sherbaniuk Distinguished Writing Award / Prix d'excellence en rédaction Douglas J. Sherbaniuk 69 Canadian Tax Foundation Regional Student-Paper Awards / Prix régionaux du meilleur article par un étudiant de la Fondation canadienne de fiscalité 75 Best Newsletter Article by a Young Practitioner Award / Prix pour le meilleur article de bulletin par un jeune fiscaliste 79 Canadian Tax Foundation Lifetime Contribution Award / Prix de la Fondation canadienne de fiscalité pour une contribution exceptionnelle 81 Finances of the Nation: Survey of Provincial and Territorial Budgets, 2018-19 vivien morgan 161 Current Cases: (FCA) Canada v. 594710 British Columbia Ltd.; (TCC) Cameco Corporation v. The Queen ryan l. morris, adam gotfried, and yongchon mao 187 International Tax Planning: Transfer Pricing and Transactions Between Foreign Entities byron beswick 209 Personal Tax Planning: Income-Splitting Update sean grant-young and katie rogers 235 Planification fiscale personnelle : L'évolution du fractionnement du revenu sean grant-young et katie rogers 263 Current Tax Reading alan macnaughton and jinyan li

The British Accounting Review, 2003

Advances in Taxation (AIT) is a refereed academic tax journal that is published annually. The current volume is a collection of 11 papers written by academics based in US university accounting departments. The papers cover a wide range of subjects and methodological approaches. As the journal's statement of purpose states: 'Academic articles on any aspect of federal, state, local, or international taxation will be considered. …Manuscripts should be readable, relevant, and reliable. …To be relevant, manuscripts must be directly related to problems inherent in the system of taxation'. One infers from this statement and the content of the volume, that we are talking about the US system of taxation. Thus, this is not the volume for the reader who hopes to gain a balanced understanding of 'advances in taxation' on the other side of the Atlantic. Instead, it is a volume from which the academic tax specialist may pick and choose from US journal literature on taxation in the accounting domain. The majority of papers are typical of the tax research published in leading US academic-based accounting journals (Shevlin, 1999; Shackleford and Shevlin, 2001). The six papers employ archival empirical and analytical approaches, and they aim to provide better understandings of tax effects to inform decision-making in tax policy, tax planning and tax compliance contexts. Two papers consider respectively, the effects of increases in effective tax rates on US banks' willingness to hold municipal bonds and the effect of implicit tax rate changes on yield spreads between corporate and municipal bonds. A third considers the effect of tax reductions on the capital lock-in effects of US investment company holdings. Another paper derives analytically an estimation model for the marginal tax effects on the international business decisions of US corporations. Two pieces of research investigate the existence of tax effects: first in share buybacks and second in the labour market behaviour of low-income wage earners. The latter paper (Anders, 2002) may be of interest to UK academics studying the introduction of tax credits to UK income tax: contrary to theory, the author found a disincentive effect on work effort in the lowest tranche of wage-earners during part of the time period studied. Two additional papers are of interest to scholars outside the US who are interested in comparative study of tax authorities' programmes of modernisation that adopt 'customer'focused approaches to service delivery and performance management. These papers demonstrate, as well, how the editor of this volume has taken pains to provide a balanced treatment of the subject. Peggy Hite (2002) presents an empirical analysis of IRS data from

Like virtually all developed economies, the United States is projected to experience a dramatic demographic transition over the next 50 years. By 2040 31 percent of the U.S. population will be 55 and older compared to 21 percent today (see ). Most of this aging will occur among the older old with the fraction of the population over 65 predicted to almost double. While the burden on the working population of supporting dependents will be reduced somewhat due to the lower projected ratio of children to middle-aged adults, the overall dependency ratio (the ratio of those under 18 plus those 65 and older to those 18 and 64) will rise from its value of .616 in the 1980s to .730 in the 2040s.

2016

Most tax revenue and tax policy research papers discuss historical developments and the current challenges of raising tax revenue. This paper takes a long term view and addresses the possible futures of tax revenue using the Three Horizons model. With the help of this model, it outlines possible futures for raising tax revenue in an environment of rapidly evolving technology, automation, globalization, the rising power of powerful interest groups, and the trend of increased accumulation of wealth in the hands of fewer taxpayers. By analyzing possible futures, the assumptions of key stakeholders are tested.