Tax Reform in Industrial Countries and the Impact of the U.S. Tax Reform Act of 1986

34 Pages Posted: 15 Feb 2006

See all articles by Vito Tanzi

Vito Tanzi

International Monetary Fund (IMF); National Bureau of Economic Research (NBER)

Date Written: September 21, 1987

Abstract

This paper surveys many of the tax reforms that industrial countries have recently carried out or that have proposed to carry out. In addition to describing those reforms, the paper attempts to identify common features. A trait common to many of these reforms is the lowering of the tax rates for income taxes, accompanied by a widening of the bases. A reduction in the number of rates for individual income taxes is another. The paper emphasizes that these reforms represented a response to changes in political winds as well as to accumulating technical knowledge about the negative effects of taxes on economic efficiency.

JEL Classification: 3130, 3200, 4300

Suggested Citation

Tanzi, Vito, Tax Reform in Industrial Countries and the Impact of the U.S. Tax Reform Act of 1986 (September 21, 1987). IMF Working Paper No. 87/61, Available at SSRN: https://ssrn.com/abstract=884884

Vito Tanzi (Contact Author)

International Monetary Fund (IMF) ( email )

700 19th Street NW
Tax Policy Division Fiscal Affairs Department
Washington, DC 20431
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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