The role of tax-deductible saving in the transition from a progressive income tax to a progressive consumption tax / by Michael J. Daly, Gary J. Lastman, and Fadle Naqib.: EC22-3/1986-308E-PDF
"This paper examines the steady state and transition effects of converting from a graduated income (y) tax to a graduated consumption (c) tax. Our simulation results suggest that considerable dynamic efficiency gains could be achieved by switching to a graduated c-tax, where all saving is tax deductible. An alternative (r) tax system, permitting both tax-deductible and nontax-deductible saving, is also examined. It is shown that not only is such a tax system a feasible way of implementing a progressive c-tax, but also an r-tax without any limits on tax-deductible saving could be more efficient than even a progressive c-tax in a steady state"--Abstract, p. v.
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| Department/Agency | Economic Council of Canada. |
|---|---|
| Title | The role of tax-deductible saving in the transition from a progressive income tax to a progressive consumption tax / by Michael J. Daly, Gary J. Lastman, and Fadle Naqib. |
| Series title | Discussion paper ; no. 308 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Note(s) | "June 1986." Digitized edition from print [produced by the Publishing and Depository Services Directorate]. Includes bibliographic references. Includes abstract in French. |
| Publishing information | Ottawa : Economic Council of Canada, 1986. |
| Author / Contributor | Daly, Michael J.,1949- Lastman, Gary J. Naqib, Fadle,1943- |
| Description | vii, 36 p. |
| Catalogue number |
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| Subject terms | Taxes Income tax Consumption tax |
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