Affiliation:
1. Nuffield College, University of Oxford , UK
2. Blavatnik School of Government , Oxford , UK
Abstract
Abstract
This paper examines some drivers behind substantial changes in tax policy in recent decades. Using existing theories and our definition of ‘beneficial major tax reforms’, we discuss three case studies: the US in the 1980s, the UK in the 1980s, and the UK’s failed ‘mini-budget’ of 2022. Our analysis reveals that the US’s TRA86 has, to some degree, improved efficiency, while the UK reforms may have exacerbated inequality with ambiguous effects on efficiency. Finally, we outline the potential for future reforms and conclude that political conditions are more likely to instigate major change than economic motivations.
Publisher
Oxford University Press (OUP)
Subject
Management, Monitoring, Policy and Law,Economics and Econometrics
Reference34 articles.
1. ‘Simulating Fundamental Tax Reform in the United States’;Altig;American Economic Review,2001
2. ‘The Design of Tax Structure: Direct versus Indirect Taxation’;Atkinson;Journal of Public Economics,1976
3. ‘The Economic Effects of the Tax Reform Act of 1986’;Auerbach;Journal of Economic Literature,1997
4. ‘Top 1 Percent Income Shares: Comparing Estimates Using Tax Data’;Auten;AEA Papers and Proceedings,2019
5. ‘Income Inequality in the United States: Using Tax Data to Measure Long-Term Trends’,,2022
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献
1. Taxing the rich (more);Oxford Review of Economic Policy;2023-08-18