Taxes, Loans and Inflation
Taxes, Loans and Inflation

Author: C. Eugene Steuerle

Publisher: Brookings Institution Press

Published: 2010-12-01

Total Pages: 224

ISBN-13: 9780815721031

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Income from capital receives uneven treatment in both the tax system and the loan markets. This affects almost every investment decision make by the individuals, business, and government and causes major disruptions in the economy. In this book C. Eugene Steuerle shows how the misallocation of capital results from the interaction of tax laws, the operation of the market for loanable funds, and inflation. He first analyzes the taxation of capital income, focusing on the distortions caused by tax arbitrage and on inflation-induced discriminations among both taxpayer and borrowers. The author then applies this analysis to several related issues. He concludes with a reform agenda that calls for the adoption of a broader-based, flatter-rate income tax.

Inflation, Tax Rules, and Capital Formation
Inflation, Tax Rules, and Capital Formation

Author: Martin Feldstein

Publisher: University of Chicago Press

Published: 2009-05-15

Total Pages: 312

ISBN-13: 0226241793

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Inflation, Tax Rules, and Capital Formation brings together fourteen papers that show the importance of the interaction between tax rules and monetary policy. Based on theoretical and empirical research, these papers emphasize the importance of including explicit specifications of the tax system in such study.

The Inflation Tax
The Inflation Tax

Author: United States. Advisory Commission on Intergovernmental Relations

Publisher:

Published: 1980

Total Pages: 60

ISBN-13:

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Collection Lags and the Optimal Inflation Tax
Collection Lags and the Optimal Inflation Tax

Author: Mr.Alex Mourmouras

Publisher: International Monetary Fund

Published: 1993-07-01

Total Pages: 34

ISBN-13: 1451965346

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The observation that collection lags combine with inflation to erode fiscal revenues has long been a strong argument against seigniorage (Tanzi (1978)). However, with the exception of Dixit (1991), who used a general equilibrium model to reject this argument, the optimal tax literature has not analyzed how collection lags affect desired tax structures. In this paper, this issue is re-examined using an overlapping generations version of Dixit’s model. It is shown that depending on the specification of the collection cost function and the size of government spending in GDP, collection lags may increase, leave unchanged, or reduce the desired rate of inflation.

Taxation, Inflation, and Interest Rates
Taxation, Inflation, and Interest Rates

Author: Mr.Vito Tanzi

Publisher: International Monetary Fund

Published: 1984-06-15

Total Pages: 276

ISBN-13: 9780939934331

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Edited by Vito Tanzi, Director of the IMF's Fiscal Affairs Department, the book consists of nine studies pertaining to monetary-fiscal links in both closed and open economies.