Taxation, growth and welfare : Dynamic effects of Estonia's 2000 income tax act
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Title:
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Taxation, growth and welfare : Dynamic effects of Estonia's 2000 income tax act |
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Author:
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Funke, Michael
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Strulik, Holger
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Organization:
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Bank of Finland
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Department / Unit:
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Institute for Economies in Transition (BOFIT)
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Series:
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BOFIT Discussion Papers
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Series number:
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10/2003 |
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Year of publication:
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2003 |
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Publication date:
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10.10.2003 |
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Published in:
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Published in Published in Finnish Economic Papers vol 19, no 1 (2006), pp. 25-38 |
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Pages:
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22 s. |
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Keywords:
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Viro; tulovero; uudistukset; mallit; hyvinvointi; suorat sijoitukset; siirtymätaloudet; talouskasvu; Bofit-kokoelma
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JEL:
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H25; H32; O41; O52
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Abstract:
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This paper analyses the long-run effects of Estonia s 2000 Income Tax Act with a dynamic general equilibrium model.Specifically, we consider the impact of the shift from an imputation system to one where companies only pay taxes on distributed profits.Balanced growth paths, transitional dynamics and welfare costs are computed. Our results indicate that the 2000 Income Tax Act leads to higher per capita income and investment, but lower welfare.A sensitivity analysis shows the results are rather robust. Keywords: growth, welfare, taxation, tax reform, Estonia JEL Classification: H25, H32, O41, O52 |
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Rights:
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https://helda.helsinki.fi/bof/copyright
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