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The base for direct taxation: commentary
Pestieau, Pierre
2008In Banks, J.; Diamond, P.; Mirrlees, J. (Eds.) The tax base for direct taxation
 

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Abstract :
[en] The chapter of J. Banks, P. Diamond and J. Mirrlees (BDM) presents an excellent survey of the existing literature on optimal taxation and discusses a number of lessons that can be drawn from that literature. One of the main lessons on which their chapter focuses concerns the treatment of capital income. The authors argue that the finding that the optimal income tax schedule should not include tax on capital is based on too many restrictions, and is thus not robust for policy purposes. Another lesson is that taxation should vary with age. Not having any quarrel with these two points, I would like in this comment to discuss a number of points too quickly dealt with or deliberately neglected by BDM. They concern the issue of tagging, the problem raised by having more than one unobservable characteristic (besides ability), the issue of myopia and prodigality, the question of equal opportunities, the taxation of couples and the threat of tax competition
Research center :
CREPP - Centre de Recherche en Économie Publique et de la Population - ULiège
Disciplines :
Economic systems & public economics
Author, co-author :
Pestieau, Pierre  ;  Université de Liège - ULiège > HEC-Ecole de gestion > HEC-Ecole de gestion
Language :
English
Title :
The base for direct taxation: commentary
Publication date :
2008
Main work title :
The tax base for direct taxation
Author, co-author :
Banks, J.
Diamond, P.
Mirrlees, J.
Publisher :
Oxford University Press
Collection name :
The Institute for Fiscal Studies
Available on ORBi :
since 21 April 2010

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