We highlight and explain eight lessons from optimal tax theory and compare them to the last few decades of OECD tax policy. As recommended by theory, top marginal income tax rates have declined, marginal income tax schedules have flattened, redistribution has risen with income inequality, and commodity taxes are more uniform and are typically assessed on final goods. However, trends in capital taxation are mixed, and capital income tax rates remain well above the zero level recommended by theory. Moreover, some of theory's more subtle prescriptions, such as taxes that involve personal characteristics, asset-testing, and history-dependence, remain rare in practice. Where large gaps between theory and policy remain, the difficult question is whether policymakers need to learn more from theorists, or the other way around.
We highlight and explain eight lessons from optimal tax theory and compare them to the last few decades of OECD tax policy.
Features an interview recorded in 1989, which explores the body-action-photographic works by Helen Chadwick (d.1996), from 'Ego Geometria Sum' to 'Of Mutability', 'Blood Hyphen', 'Lumina', and 'Viral Landscapes'.
Features an interview recorded in 1989, which explores the body-action-photographic works by Helen Chadwick (d.1996), from 'Ego Geometria Sum' to 'Of Mutability', 'Blood Hyphen', 'Lumina', and 'Viral Landscapes'.
This case study explores the reasons for DSP's apparent success and rapid growth by examining in detail one DSP branch, and its competitors, in Wiradesa sub-district, Pekalongan district, Central Java.
This case study explores the reasons for DSP's apparent success and rapid growth by examining in detail one DSP branch, and its competitors, in Wiradesa sub-district, Pekalongan district, Central Java.
