FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2247385308> ?p ?o ?g. }

• W2247385308 abstract "The period from 1971 to 1974 was one of fundamental change in the structure of the Canadian system of taxation. From the federal budget of June 18, 1971, which brought the long process of tax reform to a close, to the introduction of the personal income tax indexing scheme, the variety and magnitude of the changes in taxation provide a particularly fruitful period for fiscal policy research. In this paper we report upon and discuss the results of simulating a macroeconometric model that includes most of the tax reform measures and indexing. We propose to examine in some detail a number of questions arising from these changes. Generally, we are interested in the implications of tax reform and indexing for stabilization policy. More specifically, we explore two interesting questions relating to fiscal policy. First, What has been the effect of the 1972 tax reforms and indexing on the yield and elasticity of the income tax system? By comparing the estimated tax yield over the 1972-1978 period of the pre-reform system with that of the reformed system one can separate the effect of the changes in the structure from the effect on revenue of the current inflation under progressive taxation. In a like manner, the effect of indexing can be determined by comparing the estimated yield of an indexed with an unindexed tax system over the same period. The second question we ask is, What has been the effect of tax reform and indexing on the built-in stability of the economy? Here we look at a measure of built-in stability for the pre-tax reform system and for the post-tax reform system with and without indexing. In addition, we apply various expenditure shocks to the model both with and without the indexing scheme in operation. Related to this, we also administer to the model a direct price shock to ascertain the relative stabilizing properties of the various tax regimes under an imported or commodity inflation. The model we use in our analysis is an updated version of RDX2 incorporating the revised tax system, which is well suited for this study. It is a policy model rich in structural detail, particularly in the government sector, facilitating the introduction, also in detail, of complex measures such as capital gains and indexing. Our simulations with the tax model have lead us to draw five conclusions concerning the macroeconomic effect of tax reform and indexing. They are: (1) Contrary to the views expressed in the financial press, tax reform has not raised significantly more money. (2) Tax reform has not materially increased the elasticity of the tax system. (3) Indexing has reduced the elasticity of the personal income tax by four-tenths to within shooting distance of unity. (4) Tax reform has not had an important effect on built-in stability. (5) Indexing has reduced built-in stability with respect to certain types of shocks, and enhanced it with respect to others. We hope that these conclusions demonstrate the utility of what is unique in our approach, that is the incorporation of a disaggregated tax model into a macroeconometric model such as RDX2." @default.
• W2247385308 created "2016-06-24" @default.
• W2247385308 creator A5076526627 @default.
• W2247385308 creator A5081778215 @default.
• W2247385308 date "1975-06-02" @default.
• W2247385308 modified "2023-09-27" @default.
• W2247385308 title "Some Macroeconomic Effects of Tax Reform and Indexing" @default.
• W2247385308 hasPublicationYear "1975" @default.
• W2247385308 type Work @default.
• W2247385308 sameAs 2247385308 @default.
• W2247385308 citedByCount "0" @default.
• W2247385308 crossrefType "posted-content" @default.
• W2247385308 hasAuthorship W2247385308A5076526627 @default.
• W2247385308 hasAuthorship W2247385308A5081778215 @default.
• W2247385308 hasConcept C100001284 @default.
• W2247385308 hasConcept C10138342 @default.
• W2247385308 hasConcept C121964417 @default.
• W2247385308 hasConcept C134121241 @default.
• W2247385308 hasConcept C139719470 @default.
• W2247385308 hasConcept C154945302 @default.
• W2247385308 hasConcept C162324750 @default.
• W2247385308 hasConcept C191897082 @default.
• W2247385308 hasConcept C192562407 @default.
• W2247385308 hasConcept C195487862 @default.
• W2247385308 hasConcept C41008148 @default.
• W2247385308 hasConcept C551662922 @default.
• W2247385308 hasConcept C74939039 @default.
• W2247385308 hasConcept C75165309 @default.
• W2247385308 hasConceptScore W2247385308C100001284 @default.
• W2247385308 hasConceptScore W2247385308C10138342 @default.
• W2247385308 hasConceptScore W2247385308C121964417 @default.
• W2247385308 hasConceptScore W2247385308C134121241 @default.
• W2247385308 hasConceptScore W2247385308C139719470 @default.
• W2247385308 hasConceptScore W2247385308C154945302 @default.
• W2247385308 hasConceptScore W2247385308C162324750 @default.
• W2247385308 hasConceptScore W2247385308C191897082 @default.
• W2247385308 hasConceptScore W2247385308C192562407 @default.
• W2247385308 hasConceptScore W2247385308C195487862 @default.
• W2247385308 hasConceptScore W2247385308C41008148 @default.
• W2247385308 hasConceptScore W2247385308C551662922 @default.
• W2247385308 hasConceptScore W2247385308C74939039 @default.
• W2247385308 hasConceptScore W2247385308C75165309 @default.
• W2247385308 hasLocation W22473853081 @default.
• W2247385308 hasOpenAccess W2247385308 @default.
• W2247385308 hasPrimaryLocation W22473853081 @default.
• W2247385308 hasRelatedWork W1546497687 @default.
• W2247385308 hasRelatedWork W1585355154 @default.
• W2247385308 hasRelatedWork W2161505060 @default.
• W2247385308 hasRelatedWork W2171183218 @default.
• W2247385308 hasRelatedWork W2256281081 @default.
• W2247385308 hasRelatedWork W2273317937 @default.
• W2247385308 hasRelatedWork W2767028162 @default.
• W2247385308 hasRelatedWork W3024065512 @default.
• W2247385308 hasRelatedWork W3122278952 @default.
• W2247385308 hasRelatedWork W3122613239 @default.
• W2247385308 hasRelatedWork W3122766791 @default.
• W2247385308 hasRelatedWork W3123225741 @default.
• W2247385308 hasRelatedWork W3123305926 @default.
• W2247385308 hasRelatedWork W3124628692 @default.
• W2247385308 hasRelatedWork W3133792148 @default.
• W2247385308 hasRelatedWork W3140792916 @default.
• W2247385308 hasRelatedWork W2183084948 @default.
• W2247385308 hasRelatedWork W2188699575 @default.
• W2247385308 hasRelatedWork W3123848305 @default.
• W2247385308 hasRelatedWork W3124627086 @default.
• W2247385308 isParatext "false" @default.
• W2247385308 isRetracted "false" @default.
• W2247385308 magId "2247385308" @default.
• W2247385308 workType "article" @default.