Tax Policy and Inclusive Growth

December 4, 2020

Preview Citation

Format: Chicago

Khaled Abdel-Kader, and Ruud A. de Mooij Tax Policy and Inclusive Growth, (USA: International Monetary Fund, 2020) accessed December 22, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper discusses the theory and practice of tax design to achieve an efficient and equitable outcome, i.e. in support of inclusive growth. It starts with a discussion of the key principles from tax theory to guide practical tax design. Then, it elaborates on more granular tax policy, discussing key choices in the structure of the personal income tax on labor and capital income, taxes on wealth, the corporate income tax, and consumption taxes. The paper concludes by highlighting the political economy considerations of the issues with concrete recommedtions as to how to implement tax reform.

Subject: Capital income tax, Corporate income tax, Income, Income and capital gains taxes, Income tax systems, National accounts, Taxes

Keywords: Capital income tax, Corporate income tax, Cost of capital, Economic rent, Europe, External cost, Global, Inclusive growth, Income, Income and capital gains taxes, Income distribution, Income tax systems, Inequality, Low income, Personal income, Poverty, Public finance, Rate of return, Take-home pay, Tax liability, Tax policy, WP

Publication Details

Pages:

38
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2020/271
Stock No:

WPIEA2020271
ISBN:

9781513561561
ISSN:

1018-5941

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