Tax Systems

Tax Systems

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Overview

An approach to taxation that goes beyond an emphasis on tax rates to consider such aspects as administration, compliance, and remittance.

Despite its theoretical elegance, the standard optimal tax model has significant limitations. In this book, Joel Slemrod and Christian Gillitzer argue that tax analysis must move beyond the emphasis on optimal tax rates and bases to consider such aspects of taxation as administration, compliance, and remittance.

Slemrod and Gillitzer explore what they term a tax-systems approach, which takes tax evasion seriously; revisits the issue of remittance, or who writes the check to cover tax liability (employer or employee, retailer or consumer); incorporates administrative and compliance costs; recognizes a range of behavioral responses to tax rates; considers nonstandard instruments, including tax base breadth and enforcement effort; and acknowledges that tighter enforcement is sometimes a more socially desirable way to raise revenue than an increase in statutory tax rates. Policy makers, Slemrod and Gillitzer argue, would be well advised to recognize the interrelationship of tax rates, bases, enforcement, and administration, and acknowledge that tax policy is really tax-systems policy.

Product Details

ISBN-13: 9780262026727
Publisher: MIT Press
Publication date: 12/13/2013
Series: Zeuthen Lectures
Edition description: New Edition
Pages: 240
Product dimensions: 6.10(w) x 9.10(h) x 1.00(d)
Age Range: 18 Years

About the Author

Joel Slemrod is Paul W. McCracken Collegiate Professor of Business Economics and Public Policy and Professor of Economics at the University of Michigan, where he is also Director of the Office of Tax Policy Research.

Christian Gillitzer is a graduate student of economics at the University of Michigan.

Table of Contents

Series Foreword vii

Acknowledgments ix

I Introduction and Motivation

1 The Need for Tax-System Analysis 3

2 Standard Optimal Tax Models 13

II Building Blocks of Tax Systems

3 Multiple Behavioral Margins 23

4 Multiple Sources of Costs 69

5 Tax Base Elasticity 79

6 Multiple Tax-System Instruments 93

III Optimal Tax Systems

7 General Model 115

8 Standard Instruments with New Costs 121

9 Endogenous Elasticity 137

10 Optimal Observability and Complexity 145

11 Notches and Optimal Line Drawing 157

IV Future Directions and Closing Thoughts

12 Future Directions 171

13 Conclusion 185

Notes 189

References 197

Index 215

What People are Saying About This

James Poterba

Research on tax design often overlooks essential issues of policy implementation. Tax Systems addresses this important oversight, providing insightful analysis on topics including compliance, complexity, remittance, and the design of information reports. Researchers and policy-makers will find this volume a compelling demonstration of how economic analysis can inform the key questions of tax administration.

From the Publisher

Avoidance, evasion, compliance, and administration are 50 percent of the real action but only 5 percent of academic research on taxation. Joel Slemrod has been dominant in rectifying this imbalance. Tax Systems consolidates his and others' work and leads the way forward.

Louis Kaplow , Finn M. W. Caspersen and Household International Professor of Law and Economics, Harvard Law School

Research on tax design often overlooks essential issues of policy implementation. Tax Systems addresses this important oversight, providing insightful analysis on topics including compliance, complexity, remittance, and the design of information reports. Researchers and policy-makers will find this volume a compelling demonstration of how economic analysis can inform the key questions of tax administration.

James Poterba , Mitsui Professor of Economics, MIT, and President, National Bureau of Economic Research

Many have said that useful tax advice must recognize issues of implementation (and human nature) as well as design, but no one has really done it—until now. This elegant (and sometimes even entertaining) book draws together the threads of the quiet revolution in the economics of taxation over the last few years to show how the area is moving towards a more holistic and persuasive analysis of taxation. No one is better placed than the authors to do this, or to convey the excitement of the process.

Michael Keen , Deputy Director, Fiscal Affairs Department, International Monetary Fund

Endorsement

Many have said that useful tax advice must recognize issues of implementation (and human nature) as well as design, but no one has really done it—until now. This elegant (and sometimes even entertaining) book draws together the threads of the quiet revolution in the economics of taxation over the last few years to show how the area is moving towards a more holistic and persuasive analysis of taxation. No one is better placed than the authors to do this, or to convey the excitement of the process.

Michael Keen, Deputy Director, Fiscal Affairs Department, International Monetary Fund

Michael Keen

Many have said that useful tax advice must recognize issues of implementation (and human nature) as well as design, but no one has really done it—until now. This elegant (and sometimes even entertaining) book draws together the threads of the quiet revolution in the economics of taxation over the last few years to show how the area is moving towards a more holistic and persuasive analysis of taxation. No one is better placed than the authors to do this, or to convey the excitement of the process.

Louis Kaplow

Avoidance, evasion, compliance, and administration are 50 percent of the real action but only 5 percent of academic research on taxation. Joel Slemrod has been dominant in rectifying this imbalance. Tax Systems consolidates his and others' work and leads the way forward.

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