Taxation, growth and welfare: Dynamic effects of Estonia's 2000 income tax act
Michael Funke and
Holger Strulik
No 10/2003, BOFIT Discussion Papers from Bank of Finland Institute for Emerging Economies (BOFIT)
Abstract:
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 (search for similar items in EconPapers)
JEL-codes: H25 H32 O41 O52 (search for similar items in EconPapers)
Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations:
Downloads: (external link)
https://www.econstor.eu/bitstream/10419/212524/1/bofit-dp2003-010.pdf (application/pdf)
Related works:
Journal Article: Taxation, Growth and Welfare: Dynamic Effects of Estonia's 2000 Income Tax Act (2006) 
Working Paper: Taxation, Growth and Welfare: Dynamic Effects of Estonia´s 2000 Income Tax Act (2006) 
Working Paper: Taxation, growth and welfare: Dynamic effects of Estonia’s 2000 income tax act (2004) 
Working Paper: Taxation, Growth and Welfare: Dynamic Effects of Estonia´s 2000 Income Tax Act (2003) 
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:zbw:bofitp:bdp2003_010
Access Statistics for this paper
More papers in BOFIT Discussion Papers from Bank of Finland Institute for Emerging Economies (BOFIT) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().