2 edition of Income uncertainty, measurement problems and optimal multidimensional income taxation found in the catalog.
Income uncertainty, measurement problems and optimal multidimensional income taxation
Sanjit S. Dhami
|Statement||Sanjit Dhami S..|
|Series||Economics discussion paper series / Essex University, Department of Economics -- no.492, Economics discussion paper (Essex University, Department of Economics) -- no.492.|
Preparers of private company and not-for-profit organization financial statements will have to implement provisions of Topic of the FASB Accounting Standards Codification (ASC) relating to accounting for uncertainty in income taxes (formerly FASB Interpretation no. 48, commonly known as FIN 48) for annual financial statements for periods beginning after. The state courts have been particularly split over the nature of an income tax and whether it constitutes a direct property tax or an indirect/excise, which is not imposed on property. A small number of them hold that an income tax is a direct property tax; see Eliasberg Bros. Mercantile Co. v. Grimes, Ala. , 86 So. 56, 58 (); State v.
Demand for \The 1%": Tax Incidence and Implications for Optimal Income Tax Rates Richard K. Green & Mark D. Phillips Sol Price School of Public Policy, University of Southern California, Ralph and Goldy Lewis Hall, Los Angeles, CA Draft: Octo Abstract We develop a model for determining the optimal high income linear tax. This study investigates professional tax practitioners' ethical judgments and behavioral intentions in cases involving client pressure to adopt aggressive reporting positions, an issue that has been identified as the most difficult ethical/moral problem facing public accounting practitioners. The multidimensional ethics scale (MES) was used to measure the extent to which a hypothetical Cited by:
Notes on Optimal Wage Taxation and Uncertainty Jonathan Eaton, Harvey S. Rosen. NBER Working Paper No. (Also Reprint No. r) Issued in August NBER Program(s):Public Economics Most contributions to optimal tax theory have assumed that all prices, including that . The Optimal Linear Income-tax"2 EYTAN SHESHINSKI The Hebrew University, Jerusalem 1. INTRODUCTION The conflict between equity and efficiency considerations in income taxation is a familiar problem, but no general rules that take both of these considerations into .
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On the optimal income tax structure. They typically result in optimal marginal tax rates that are relatively constant except at the two ends of the ability distribution, where they fall to zero. The literature on optimal income taxation to deal with earnings uncertainty is much more limited, and has generally assumed away ability diﬀerences.
applied to real tax problems. For example, Saez () says \optimal income tax schedules have few general properties: we know that optimal tax rates must lie between 0 and 1, and that they equal zero at the top and bottom." The presence of multidimensional heterogeneity is critically important for optimal tax-ation.
Simple Formulae for Optimal Income Taxation and the Measurement of Inequality: An Essay in Honor of Amartya Sen. Joseph E. Stiglitz. Introduction. It is a pleasure to contribute this essay in honor of Amartya Sen, whose intellectual work has been an inspiration, and whose friendship I have valued for more than four decades.
uncertainty but assumes that, while the income tax base is observed with some error, there are no such problems with measuring the consumption tax base.
This paper extends the basic model in Varian () to take account of measurement problems with income as well as consumption tax bases and the full set of tax instruments is considered. liabilities and assets in circumstances in which there is uncertainty over income tax treatments. Such uncertain tax treatments may affect taxable profit (tax loss), tax bases, tax credits or tax rates that are used to recognise and measure current or deferred tax liabilities or assets in accordance with IAS 12 Income Taxes.
Optimal Taxation under Income Uncertainty Xianhua Dai School of Law and Business Wuhan Institute of Technology,P. China E-mail: [email protected] Optimal taxation under income uncertainty has been extensively developed in expected utility theory, but it is measurement problems and optimal multidimensional income taxation book open for inseparable utility function between income and eﬀort.
Optimal Consumption Taxes and Social Security Under Tax Measurement Problems and Uncertainty Sanjit Dhami 1 International Tax and Public Finance volume 9 Cited by: 2. "Optimal Redistributive Taxation and Uncertainty," The Quarterly Journal of Economics, Oxford University Press, vol.
95(2), pages Zodrow, George R., " Taxation, uncertainty and the choice of a consumption tax base," Journal of Public Economics, Elsevier, vol. Downloadable (with restrictions). This paper studies nearly optimal income taxation when individuals are uncertain about their wages and when the government observes individual income with errors.
Given the distribution of observed wage rates, it asks how the proportion of inequality known ex ante to individuals, or the proportion of observed inequality due to errors of observation, should. 6Strawczynski () also considers the optimal piecewise linear income tax, but gross income in his model is exogenous and attention is focussed, as in Varian (), on income uncertainty, so that taxation essentially becomes a form of social insurance.
Abstract. The expected utility formulation of the problem of a risk-averse agent’s allocating a portfolio between a safe and a risky asset is widely taken as standing for the proposition that if α* ε (0, 1) is the optimal allocation to the risky asset in the absence of tax, α*/(1-t) is the optimal allocation in the presence of tax at rate t, a finding obtained on the assumption that the Author: Theodore S.
Sims. We complemented our theoretical results with a quantitative illustration based on individual level U.S. data on consumption and income. The results suggest that the effect of imperfect asset taxation on the curvature of the optimal income tax can be sizable, and is Cited by: 1.
assumption that income is certain. With income uncertainty, simulations show that optimal taxes rise with income. Hal R. Varian () and Strawczynski () provide exam-ples where differences in income are due to “luck.” Matti Tuomala (b) provides an example that introduces labor income uncertainty to the classical model of skills.
optimal progressivity of the labor income tax code. Recent work on dynamic Mirrleesian taxation models has highlighted a somewhat complementary question. Kocherlakota (), Albanesi and Sleet (), and Golosov and Tsyvinski () focus on the optimal taxation of capital, given nonlinear taxation of income.
practice. Accordingly, the IFRS IC developed IFRIC 23 Uncertainty over Income Tax Treatments (IFRIC 23 or the Interpretation) to address how to reflect uncertainty in the recognition and measurement of income taxes. Extract from IFRIC 23 2 It may be unclear how tax law applies to a. model of social insurance, we ﬁnd that optimal labor income taxes become less progres-sive when governments face limitations in asset taxation.
We evaluate the quantitative effect of imperfect asset taxation for two applications of our model. Keywords: Optimal Income Taxation, Capital Taxation, Progressivity. JEL: D82, D86, E21, H In Table 1, we can see that when consumers face little uncertainty (corresponding to “no distortion”), the three main results of Chari et al.
() hold: the ex-ante capital income tax rate is zero, the labor tax is large and smooth across states, and the private assets tax is highly volatile. As consumer uncertainty rises and we move to Table 2, Table 3, we see how increasing consumer Cited by: 6. the optimal tax system indicates, however, that a majority of the population currently alive would su¤er welfare losses, calling into question the political feasibility of such fundamental income tax reform.
Keywords: Progressive Taxation, Optimal Taxation, Social Insurance, Transition J.E.L. classi cation codes: E62, H21, H income pts = 9 GDP pts] Intop 1% incomes [>$K] paid average Fed individ-ual tax rate of \only" 22% Absent behavioral responses, increasing fed indiv tax rate on top 1% from 22% to 43% would raise revenue by 3 pts of GDP [$bn/year])Core optimal income tax problem: Top 1% has large po.
Optimal Labor Income Taxation Thomas Piketty and Emmanuel Saez NBER Working Paper No. NovemberRevised December JEL No. H21 ABSTRACT This paper reviews recent developments in the theory of optimal labor income taxation. We emphasize connections between theory and empirical work that were initially lacking from optimal income File Size: KB.
Abstract: Tax uncertainty typically derives from institutional flaws of the tax policy process and unclear tax rules at the domestic level.
At the international level tax uncertainty has its roots in the Corporate income taxation (CIT) has been one of the most relevant issues in this debate (), File Size: KB.Choice under Uncertainty Jonathan Levin October 1 Introduction Virtually every decision is made in the face of uncertainty.
While we often rely on models of certain information as you’ve seen in the class so far, many economic problems require that we tackle uncertainty .Efficient and Equitable Taxation: Optimal Commodity Taxation Optimal User Fees Optimal Income Taxation Politics and the Time Inconsistency Problem Other Criteria for Tax Design.
Part Four: The United States Revenue System. The Personal Income Tax: Basic Structure Defining Income Excludable Forms of Money IncomeBook Edition: 7th