Implementing Tax Reform

George Zodrow ()

Chapter 1 in Taxation in Theory and Practice:Selected Essays of George R Zodrow, 2019, pp 3-32 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The implementation of unanticipated changes in the tax structure results in essentially arbitrary redistributions of income. If the government is concerned about inducing such redistributions, the method of implementing tax reform is crucial; specifically, the redistributions can be reduced by altering the timing and extent of enactment of reform — postponing, phasing-in, or partially enacting the tax reform measure — at the cost of reducing the efficiency gains which would be obtained with immediate full enactment. The analysis indicates that, under fairly plausible conditions, immediate partial enactment is the optimal reform implementation policy; numerical simulations suggest that such a policy can significantly increase the social welfare gain obtained with postponed full enactment.

Keywords: Taxes; Taxation; Tax Reform; Consumption Taxation; State and Local Finance; Tax Competition (search for similar items in EconPapers)
Date: 2019
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