Criteria of International Tax Policy
18 Pages Posted: 24 May 2005
Professor Joseph Sneed a generation ago developed seven macro-criteria for evaluating income tax changes. This paper asks whether those criteria are useful in the general field of international income tax. I conclude that Adequacy, Practicality, Equity, and Free Market Compatibility are important internationally, as is a new criterion, Balance-of-payments Enhancement, while the criteria of Reduced Economic Inequality, Stability and Political Order do not figure prominently in international tax.
Keywords: tax policy, income tax changes, international income tax, adequacy, practicality, equity, free market compatibility, balance of payemtns enhancement, reduced economic inequality, stability, political order
JEL Classification: F02, H2, K34
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