Tax Reform in the 21st Century : A Volume in Memory of Richard Musgrave

No government can be sustained without the ability to tax its citizens. The question then arises how can a nation do so in a way that’s fair and equitable to taxpayers while simultaneously promoting economic growth and providing the state with the funds it needs to adequately address the needs of its citizens? This insightful work, featuring contributions from a stellar array of international tax experts and economists, addresses the crucial, relevant issues which developed countries will confront in the early decades of the 21st century: The pursuit of tax reform. Personal tax base: income or consumption? Tax rate scale: equity and efficiency aspects. Business tax reform: structural and design issues. Interjurisdictional issues. Controlling tax avoidance. Table of Contents Editors and Contributors Introduction and Dedication REFLECTION Remembering Richard Musgrave, 1910–2007 • Peggy B. Musgrave PURSUING TAX REFORM 1. The Political Economy of Tax Reform: A Neo-Musgravian Perspective with Illustrations from Canadian, US, Australian and New Zealand Experience • John G. Head 2. International Prospects for Consumption-Based Direct Taxes: A Guided Tour • Charles E. McLure, Jr and George R. Zodrow 3. Taxing Corporations in the European Union: Towards a Common Base? • Sijbren Cnossen 4. Income and Consumption Taxes in New Zealand: The Political Economy of Broad-Base, Low-Rate Reform in a Small Open Economy • David White PERSONAL TAX BASE: INCOME OR CONSUMPTION? 5. Income or Consumption Taxes? • Alan J. Auerbach 6. Consumption Taxes and Risk Revised • Jane G. Gravelle TAX RATE SCALE: EQUITY AND EFFICIENCY ASPECTS 7. Taxation, Labour Supply and Saving • Patricia Apps and Ray Rees 8. The Distributional Effect of Consumption Taxes in Tax Systems • Neil Warren 9. A Restatement of the Case for a Progressive Income Tax • Neil Brooks BUSINESS TAX REFORM: STRUCTURAL AND DESIGN ISSUES 10. Corporate Income Tax: Incidence, Economic Effects, and Structural Issues • Jane G. Gravelle 11. The Deduction of Interest Payments in an Ideal Tax on Realized Business Profits • Michael J. McIntyre 12. The Mirrlees Review: A Perspective on Fundamental Tax Reform • Malcolm Gammie 13. Taxes or Tradable Permits to Reduce Greenhouse Gas Emissions • John Freebairn INTERJURISDICTIONAL ISSUES 14. Tax Assignment Revisited • Richard Bird 15. Inter-Nation Equity: The Development of an Important but Underappreciated International Tax Policy Objective • Kim Brooks 16. Taxation of Outbound Direct Investment: Economic Principles and Tax Policy Considerations • Michael P. Devereux CONTROLLING TAX AVOIDANCE 17. Containing Tax Avoidance: Anti-Avoidance Strategies • Chris Evans No government can be sustained without the ability to tax its citizens. The question then arises how can a nation do so in a way that's fair and equitable to taxpayers without distorting incentives or the allocation of resources, while simultaneously promoting economic growth and providing the state with the funds it requires to adequately address the needs of its citizens? This insightful work, featuring contributions from a stellar array of international tax experts and economists, addresses the crucial issues which developed countries will confront in the early decades of the twenty-first century: - The pursuit of tax reform. - Personal tax base: income or consumption? - Tax rate scale: equity and efficiency aspects. - Business tax reform: structural and design issues. - Interjurisdictional issues. - Controlling tax avoidance This book, featuring contributions from an array of international tax experts and economists, addresses issues which developed countries will confront in the early decades of the twenty-first century: The pursuit of tax reform; Personal tax base: income or consumption?; Tax rate scale: equity and efficiency aspects; Business tax reform: structural and design issues; Interjurisdictional issues; and, Controlling tax avoidance