Taxation in Crisis: Tax Policy and the Quest for Economic Growth (Palgrave Macmillan Studies in Banking and Financial Institutions)

"This book offers a comprehensive guide to modern day taxation issues. It presents a thorough overview of many of the crucial aspects of applied taxation and current tax systems, and presents evidence that supports taxation as an important policy issue requiring immediate address globally. Contributions seek to address the core question of how to design a tax policy mix that can serve primarily efficiency, growth and possibly equity goals at a time where fiscal spending, for many economies, is not a viable option. Chapters provide a historical perspective on taxation, then go on to cover aspects of the modern theory of optimal taxation and tax design and provide valuable international perspectives on current tax practices and much required tax reforms. Empirical analysis on taxation and related economic data help the readers to understand how data-based observations and results are linked to the theory of taxation, and more importantly economic growth, before offering appropriate policy prescriptions. This book will be of interest to scholars and practitioners interested in learning more about taxation and why it matters today in the global economy."-- Provided by publisher Front Matter ....Pages i-xxxiii Front Matter ....Pages 1-1 Taxation and Rebellion: A Historical and Philosophical Perspective (Jane Frecknall-Hughes)....Pages 3-22 Majority Rule, Rights, and Taxation (Zacharias Dermatis, Panagiotis Evangelopoulos, Panagiotis Liargovas)....Pages 23-42 Inequality in Landownership, Democracy, and Progressive Taxation: Evidence from Historical Data (Pantelis Kammas, Maria Poulima)....Pages 43-72 Tax Havens: The Crisis of Transparency (Mayya Konovalova, Penelope Tuck, Rodrigo Ormeño-Pérez)....Pages 73-102 Corporate Profits’ Tax Avoidance: How the “Double Irish” Impedes Global Social Progress and Removes the Prosperity Base Needed for Future Generations (Harry (Hanqing) Yang, Dermot Cahill, Edwin T. Hood)....Pages 103-118 Front Matter ....Pages 119-119 30 Years of Tax Reforms: How Much Impact on Danish Growth? (Otto Brøns-Petersen)....Pages 121-144 Convergence of Tax Shocks and Macroeconomic Performance in the Enlarged European Union (Athanasios Anastasiou)....Pages 145-173 Tax Evasion, Tax Administration, and the Impact of Growth: Tax Enforcement as Regulatory Failure in a High Tax Rates, High Tax Evasion, and Low-Growth Economic Environment (Yiolanda Vasilopoulou, Dimitrios D. Thomakos)....Pages 175-203 Tax Evasion, Tax Morale, and the Case for Growth (Andreas Tsalas, Platon Monokroussos)....Pages 205-232 Front Matter ....Pages 233-233 Bank Transaction Taxes: International Evidence and Potential Implications for Greece (Hiona Balfoussia, Dimitris Malliaropulos, Dimitris Papageorgiou, Athanasios Tagkalakis)....Pages 235-267 Taxing Energy: Why, How, and How Much? (Thomas A. Alexopoulos)....Pages 269-286 Front Matter ....Pages 287-287 Overtaxation of Private Sector Salaried Employment as a Key Impediment to the Recovery of Greece (Michael Mitsopoulos)....Pages 289-336 The Reaction of the Greek Private Sector Job Market to Changes in Tax Rates and Uncertainty (Michael Mitsopoulos)....Pages 337-357 The Double Trap: Taxes and Subsidies as Determinants of Economic Growth and the End of the Downward Growth Spiral in Greece (Christos K. Tsenes, Dimitrios D. Thomakos)....Pages 359-387 Taxes as Barriers to Sustainable Economic Prosperity: The Case of Greece (Panagiotis Liargovas, Nikolaos Apostolopoulos)....Pages 389-410 The Impact of Tax Policy on the Economic Growth of Greece (Grigorios Spirakis, Antonios Sarantidis)....Pages 411-437 Back Matter ....Pages 439-454 This book offers a guide to modern day taxation issues. It presents an overview of many of the crucial aspects of applied taxation and current tax systems. It also presents evidence that supports taxation as an important policy issue requiring immediate address globally. There are four parts: Part I: Taxation as regulation & regulatory failure; Part II: Taxation, tax evasion and growth; Part III: Non-income taxation as pure political leverage; and Part IV: "Resistance is futile": Greece and the failure of tax policy Dimitrios D. Thomakos, Konstantinos I. Nikolopoulos, Editors. Includes Bibliographical References And Index.