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Author : B. Dahlby
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (86 download)
Download or read book Reforming the Tax Mix in Canada written by B. Dahlby and published by . This book was released on 2012 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Reforming the tax mix in Canada written by and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Other important tax reforms are discussed in the University of Calgary, The School of Public Policy papers by Firth and McKenzie1 and Smart.2 I begin in Section 2 by setting the stage for the discussion of tax reform options involving the federal and provincial sales taxes - the Goods and Services Tax (GST), the Harmonized Sales Tax (HST), the Quebec Sales Tax (QST), and the Retail Sales Tax (RST) [...] For example, if the MCF of the personal income tax is 1.50 and the MCF for a sales tax is 1.25, then a slightly lower income tax rate and a slightly higher sales tax rate would result in a net gain for the society of 0.25, if a dollar of tax revenue was shifted from the income tax to the sales. [...] For this reason, we measure the effects of tax rate changes on the present value of the government's total tax revenues and the MCF measures the present value of the harm caused by a permanent tax rate increase, which increases the present value of the government's total tax revenues by one dollar. [...] The details of that econometric study will not be reviewed here, and we will only report, in Table 1, the computed values of the MCFs based on the 2011 provincial tax rates.26 First of all, focusing on Alberta, the MCF for the corporate income tax is 81.61, the MCF for the personal income tax is 1.44, and the MCF for a sales tax, which the province does not impose, would be 1.00. [...] The GST base varies across the provinces, with Alberta having 132 percent of the national average GST base and Newfoundland having only 81 percent in 2007.44 Thus in the absence of other adjustments, the transfer of the GST to the provinces would increase revenues to Alberta and reduce revenues to Newfoundland and other provinces because the CST cash is an equal per-capita grant to all of the prov.
Author : Bev Dahlby
Publisher :
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (13 download)
Download or read book Reforming the Tax Mix in Canada written by Bev Dahlby and published by . This book was released on 2017 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: Periodically, tax systems need major reforms to remove the “barnacles” that accumulate under the short-term pressures of political expediency and to adapt to the long-term forces of technological and economic change. The current fiscal and economic problems that confront the provinces require an assessment of much-needed reforms. Raising tax revenue imposes large costs on our society, not only because of the administration and compliance costs of collecting taxes, but because taxes distort economic decisions in the private sector. This is especially true of provincial corporate income taxes. Taxing highly mobile corporate capital and corporate profits encourages firms to shift their investments and profits across provincial and international boundaries. The provinces would enjoy significant boosts to economic growth and efficiency gains by enacting a revenue-neutral switch from corporate to sales or personal income taxes. For Alberta, such a shift would yield up to $40 per dollar of tax revenue shifted from corporate to personal income taxes; for fiscal year 2011-12, this would amount to a percapita welfare gain of roughly $19,000. Other options for tax reform are also discussed in this paper, including the adoption of a penny tax to the GST to fund infrastructure spending by municipalities. However, we think this would saddle the private sector with significant compliance costs and create major economic distortions between neighbouring municipalities by creating an incentive to shop where the penny tax proposal was not adopted. In surveying the most pressing tax reform issues facing Canada, we offer policymakers a firm basis for coming to grips with them, so they can treat tax dollars with the care and foresight Canadians expect.
Author : Jason Clemens
Publisher : The Fraser Institute
ISBN 13 : 088975229X
Total Pages : 208 pages
Book Rating : 4.8/5 (897 download)
Download or read book The Impact and Cost of Taxation in Canada written by Jason Clemens and published by The Fraser Institute. This book was released on 2008 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: "There is increasing interest in, and recognition of, the need for both tax reduction and tax reform in Canada. This book provides the rationale for tax reform and a road map for that reform. The book includes 5 chapters from leading experts in the field and provides a persuasive, compelling case for tax reform in Canada." "The Impact of Taxes on Economic Behavior by Milagros Palacios and Kumi Harischandra offers a broad overview of the incentive effects associated with taxes that affect our decisions to work more, to save, to invest, and to engage in entrepreneurial activity." "Compliance and Administrative Costs of Taxation in Canada by renowned University of Montreal economics professor Francois Vaillancourt and Jason Clemens provides readers with an understanding of the vast costs associated with administering, and complying with, our current tax system."--BOOK JACKET.
Author : David W. Conklin
Publisher : IRPP
ISBN 13 : 9780886451110
Total Pages : 208 pages
Book Rating : 4.4/5 (511 download)
Download or read book Provincial Tax Reforms written by David W. Conklin and published by IRPP. This book was released on 1990 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication is intended to provide for the non-specialist a fresh look at provincial tax reform options and opportunities. Part I begins with the basic principles of tax reform, considering alternative objectives and general options in tax design. Part II examines the current differences among provincial economic circumstances and the tax structures. Part III deals with the process and implications of federal tax reform, from the 1987 proposals to the GST draft legislation.
Author : Fraser Institute (Vancouver, B.C.)
Publisher : The Fraser Institute
ISBN 13 : 0889751994
Total Pages : 13 pages
Book Rating : 4.8/5 (897 download)
Download or read book Tax Reform in Canada written by Fraser Institute (Vancouver, B.C.) and published by The Fraser Institute. This book was released on 2003 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers presented at a conference in Toronto, Oct. 11, 2001. Includes bibliographical references.
Author : Richard Miller Bird
Publisher : Lincoln Inst of Land Policy
ISBN 13 : 9781558442252
Total Pages : 275 pages
Book Rating : 4.4/5 (422 download)
Download or read book A Tale of Two Taxes written by Richard Miller Bird and published by Lincoln Inst of Land Policy. This book was released on 2012 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the Canadian province of Ontario's 1998 attempt to reform its property tax laws and provides strategies--such as restructuring education finance and introducing a new form of business taxation, at both the provincial and local levels--to help policy makers design a better future.
Author : James B. Davies
Publisher :
ISBN 13 :
Total Pages : 168 pages
Book Rating : 4.:/5 (31 download)
Download or read book Reforming Capital Income Taxation in Canada written by James B. Davies and published by . This book was released on 1987 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents two main options for capital tax reform in Canada: a lifetimeconsumption tax and a uniform tax through a comprehensive survey of thetheory and evidence on the likely effects of the altenrative tax reforms oneconomic welfare and the distribution of income. Addresses the current taxtreatment of capital income, defining and implementing major reform options, efficiency aspoects, tax treatment of capital income in an open economy, andtax treatment of human capital. Also includes a discussion of bequests.
Author : Alexandra Bibbee
Publisher :
ISBN 13 :
Total Pages : 47 pages
Book Rating : 4.:/5 (15 download)
Download or read book Tax Reform for Efficiency and Fairness in Canada written by Alexandra Bibbee and published by . This book was released on 2008 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Canadian government has set a high priority on reducing the economic burden of taxation. In a context of fiscal surpluses, it has been: markedly reducing corporate income and capital taxes; providing more personal tax relief especially at lower incomes and above all for saving; and cutting the federal value added tax (GST). While such measures, in particular income and capital tax cuts, reduce the economic damage caused by tax, Canada should go further along this route with significant revenue-neutral reforms to achieve a more efficient tax mix that also retains its redistributive features. Numerous tax preferences to favoured activities, firm types, investments and savings vehicles narrow the tax base and create loopholes, keeping statutory rates higher than otherwise and distorting resource allocation. They should therefore be removed. It would also help to shift the tax mix toward more user fees and indirect taxes - including VAT, environmental levies and property taxes - which do not distort inter-temporal economic choices as income taxes do. Lower corporate and personal income taxes could improve the incentives for capital formation, FDI, innovation, entrepreneurship, labour-force participation, work effort, and the pursuit of higher education. The result would be higher standards of living.
Author : Economic Council of Canada
Publisher : The Council
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.3/5 (91 download)
Download or read book Road Map for Tax Reform written by Economic Council of Canada and published by The Council. This book was released on 1987 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Brian J. Arnold
Publisher :
ISBN 13 : 9780888082251
Total Pages : 382 pages
Book Rating : 4.0/5 (822 download)
Download or read book Reforming Canada's International Tax System written by Brian J. Arnold and published by . This book was released on 2009 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : J. B. DAVIES
Publisher :
ISBN 13 :
Total Pages : 152 pages
Book Rating : 4.:/5 (562 download)
Download or read book Reforming Capital Income Taxation in Canada written by J. B. DAVIES and published by . This book was released on 1987 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : J. A. (James Arthur) Johnson
Publisher : Hamilton, Ont. : Program for Quantitative Studies in Economics and Population, McMaster University
ISBN 13 :
Total Pages : 35 pages
Book Rating : 4.:/5 (23 download)
Download or read book Canadian Tax Reform and Changes in the Tax Mix written by J. A. (James Arthur) Johnson and published by Hamilton, Ont. : Program for Quantitative Studies in Economics and Population, McMaster University. This book was released on 1987 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Vijay M. Jog
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (256 download)
Download or read book Tax Reforms, Debt Shifting and Corporate Tax Revenues written by Vijay M. Jog and published by . This book was released on 1998 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Vijay M. Jog
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Tax Reforms, Debt Shifting and Tax Revenues written by Vijay M. Jog and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of Canadian corporate income tax revenues during the 1984-94 period shows a relative shifting of tax revenue shares between Canadian and foreign-controlled corporations, and a substantial change in the debt levels of foreign-controlled corporations, as well as Canadian-based multinationals. We claim that these changes may have been associated with the tax reforms undertaken by the United States and Canada in the mid-1980s resulting in the relative change in the tax rates between the two countries. We also hypothesize that if this difference persists and in Canadian-controlled corporations continue to aggressively expand abroad, the Canadian corporate tax base could experience further pressure.
Author : John B. Shoven
Publisher : University of Chicago Press
ISBN 13 : 9780226754833
Total Pages : 398 pages
Book Rating : 4.7/5 (548 download)
Download or read book Canada-U.S. Tax Comparisons written by John B. Shoven and published by University of Chicago Press. This book was released on 1992-11-01 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the increasingly global economy, domestic tax policies have taken on a new importance for international economics. This unique volume compares the tax reform experiences of Canada and the United States, two countries with the world's largest bilateral flow of trade and investment. With the signing of the U.S.-Canada Free Trade Agreement and the tax reforms of the 1980s, there has been some harmonization of tax systems. But geographic, cultural, and political characteristics shape distinct national social policies that may impede harmonization. As the U.S. and Canadian economies become even more integrated, differences in tax systems will have important effects, in particular on the relative rates of economic growth. In this timely study, scholars from both countries show that, while the United States and Canada exhibit similar corporate tax structures and income tax systems, they have very different approaches to sales tax and social security taxes. Despite these differences, the two countries generate roughly the same amounts of revenue, produce similar costs of capital, and produce comparable distributions of income.
Author : Duanjie Chen
Publisher :
ISBN 13 :
Total Pages : 17 pages
Book Rating : 4.:/5 (13 download)
Download or read book Canada's Tax Competitiveness After a Decade of Reforms written by Duanjie Chen and published by . This book was released on 2017 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the past decade, Canada has undertaken extensive business tax reform, with sharply lower corporate income tax rates, better capital cost allowances, sales tax harmonization, and the virtual elimination of capital tax on non-financial businesses. Further changes are in store by 2012 that will put Canada in the middle of the pack of a broad group of 80 countries.Over the past several years, however, Canada has lost some standing. In 2005, it was the fourth-highest-taxed country, and by 2007 it had improved to thirteenth highest; by 2009, though, it had worsened to tenth highest. Still, in that year, taking into account the reforms that had taken place, Canada's business tax structure was better than that of the United States. Canada's tax competitiveness among the Group-of-7 major industrialized countries has also improved, but still lags that of most other members of the Organisation for Economic Cooperation and Development (OECD).Additional reductions of business taxes by 2013 -- particularly sales tax harmonization in Ontario and British Columbia and planned federal and provincial corporate tax rate reductions -- will further improve Canada's business tax competitiveness, crucially with respect to the emerging economies of Brazil, Russia, India, and China.Yet federal opposition parties are urging an end to further planned reductions of federal and provincial corporate income tax rates. Such a move would be seriously misguided. Not only would it put Canada's tax competitiveness at a disadvantage among OECD countries, impairing productivity; it would also harm government revenues as businesses shifted their profits out of high-tax jurisdictions and into lower-tax one abroad.
