What drives major tax reform? Implications for taxing the rich

IF 2.1 2区经济学 Q2 ECONOMICS

Oxford Review of Economic Policy Pub Date : 2023-08-18 DOI:10.1093/oxrep/grad028

Martina Beretta, Irem Güçeri, K. Jakobsen

引用次数: 1

Abstract

This paper examines some drivers behind substantial changes in tax policy in recent decades. Using existing theories and our definition of ‘beneficial major tax reforms’, we discuss three case studies: the US in the 1980s, the UK in the 1980s, and the UK’s failed ‘mini-budget’ of 2022. Our analysis reveals that the US’s TRA86 has, to some degree, improved efficiency, while the UK reforms may have exacerbated inequality with ambiguous effects on efficiency. Finally, we outline the potential for future reforms and conclude that political conditions are more likely to instigate major change than economic motivations.

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是什么推动了重大的税收改革?对富人征税的影响

本文考察了近几十年来税收政策重大变化背后的一些驱动因素。利用现有理论和我们对“有益的重大税收改革”的定义，我们讨论了三个案例研究:20世纪80年代的美国，20世纪80年代的英国，以及英国失败的2022年“小预算”。我们的分析显示，美国的TRA86在某种程度上提高了效率，而英国的改革可能加剧了不平等，对效率产生了模糊的影响。最后，我们概述了未来改革的潜力，并得出结论，政治条件比经济动机更有可能引发重大变革。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Oxford Review of Economic Policy ECONOMICS-

CiteScore

12.50

自引率

1.50%

发文量

期刊介绍： The Oxford Review of Economic Policy is a refereed journal which is published quarterly. Each issue concentrates on a current theme in economic policy, with a balance between macro- and microeconomics, and comprises an assessment and a number of articles. It gives a valuable appraisal of economic policies worldwide. While the analysis is challenging and at the forefront of current thinking, articles are presented in non-technical language to make them readily accessible to all readers. The Oxford Review is aimed at a wide audience including government, business and policy-makers, as well as academics and students. It is required reading for those who need to know where research is leading.