Tax Policy: Recent Trends and Coming Challenges

61 Pages Posted: 7 Apr 2008

See all articles by John Norregaard

John Norregaard

Formerly with International Monetary Fund (IMF); Independent

Tehmina S. Khan

University of Oxford - Nuffield Department of Medicine; International Monetary Fund (IMF)

Multiple version iconThere are 2 versions of this paper

Date Written: December 2007

Abstract

This paper provides an overview of the key economic factors that shape tax policy reform in many high-income countries, developing countries, and/or transition economies. The paper describes and evaluates global and regional developments with respect to tax rates and revenue ratios over the last some 20 years, and discusses selected structural reform initiatives that have been high on the policy agenda over this period. In particular, it focuses on developments relating to experiments with the restructuring of corporate tax, the impact of corporate taxes on FDI, key reform initiatives including dual income taxes and flat taxes, as well as the worldwide spread of the VAT and policy developments associated with climate change and natural resource taxation.

Keywords: Tax Policy

JEL Classification: H20, H21, H22, H23, H24, H25

Suggested Citation

Norregaard, John and Norregaard, John and Khan, Tehmina S., Tax Policy: Recent Trends and Coming Challenges (December 2007). IMF Working Paper No. 07/274 , Available at SSRN: https://ssrn.com/abstract=1116187 or http://dx.doi.org/10.2139/ssrn.1116187

John Norregaard

Formerly with International Monetary Fund (IMF) ( email )

700 19th Street, NW
Washington, DC 20431
United States

Independent ( email )

Tehmina S. Khan

University of Oxford - Nuffield Department of Medicine ( email )

New Road
Oxford, OX1 1NF
United Kingdom

International Monetary Fund (IMF)

700 19th Street, N.W.
Washington, DC 20431
United States

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