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Transition Costs of Fundamental Tax Reform by Kevin Hassett

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Published by AEI Press .
Written in English


  • Political economy,
  • Taxation,
  • Spendings tax,
  • Business & Economics,
  • Business / Economics / Finance,
  • Business/Economics,
  • USA,
  • Economics - General,
  • Taxation - General,
  • Political Science / General,
  • Congresses,
  • Economic aspects,
  • United States

Book details:

The Physical Object
Number of Pages140
ID Numbers
Open LibraryOL8245290M
ISBN 100844741116
ISBN 109780844741116

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Contributors --Introduction / Keven A. Hassett and R. Glenn Hubbard --The impact of tax reform in modern dynamic economies / Kenneth L. Judd. Commentary / Alan J. Auerbach --Asset price effects of fundamental tax reform / Andrew B. Lyon and Peter R. Merrill. Commentary / James R. Hines, Jr. Kevin A. Hassett & R. Glenn Hubbard, "Transition Costs of Fundamental Tax Reform," Books, American Enterprise Institute, number , : RePEc. Transition Strategies in Enacting Fundamental Tax Reform tax with transition relief, modeled by cutting the effective cash-fl ow tax rate in half, protects the owners of preexisting capital but also reduces the long-run increase in national income from to percent. This paper investigates the transition problems of fundamental tax reform, using a.   Fundamental Tax Reform: A Comparison of Three Options. Editor’s Note: This article is part of a series of tax-related articles sponsored by the Penn Wharton Budget Model and the Robert D. Burch Center at Berkeley. All of the articles in this series are forthcoming in a book by Oxford University Press, co-edited by Alan Auerbach and Kent : Wharton PPI.

Transition Costs of Fundamental Tax Reform. Washington: AEI Press, (ISBN ) James K. Glassman and Kevin A. Hassett. The New Strategy for Profiting from the Coming Rise in the Stock Market. New York: Times Books, (ISBN ) Kevin A. Education: Swarthmore College (BA), University of . Any fundamental tax reform that seeks to collect the same amount of revenue in a new way is almost certain to redistribute tax burdens, affect asset values, and change price levels. Those who stand to lose would try to prevent the reform or secure “transition relief” that delays or blunts the impact. NOTE 1: Trump Administration, House GOP and Camp plans all propose a one-time Transition Tax on previously deferred earnings of Controlled Foreign Corporations. Rates vary from 10% (President Trump) and split rates under House GOP and Camp (% and %). Economic Effects of Fundamental Tax Reform. and comments on them present a balanced evaluation of professional opinion on the issues that will be critical in the tax reform debate. The book.

And, as demonstrated in Example 1, the amount of the windfall can be sizable. In that example, a holder of a $1, bond yielding 10 percent annual in- terest would enjoy a $ windfall unde r tax reform. Such windfalls must be avoided if fairness is to remain a goal of tax polic y and tax reform. TAX ADMINISTRATION REFORM IN TRANSITION: THE CASE OF CROATIA Katarina Ott Occasional Paper No. 5 April Institute of Public Finance Katančićeva 5, Zagreb should also reduce tax revenue collection costs and help to prevent tax evasion. The extent to which Croatia, as a transition country, a small country and a. Understanding Pension Reform No. 1 Reason Foundation October 1 The “Transition Costs” Why Defined-Benefit to Defined-Contribution Pension Reform Is Commonly Misunderstood By Anthony Randazzo, Director of Economic Research critical difference between defined-benefit (DB) pension systems—which are typically offered.   As such, taxpayers can still claim the DPAD benefit for any open tax year through the filing of an amended return. Taxpayers who had to pay the “transition tax” of IRC Section for the tax year may be on the lookout for ways to at least partially offset that unexpected tax cost. Former IRC Section may be one avenue for doing so.