Inflation Tax
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Inflation Tax
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Author : Pete Comley
language : en
Publisher: Pete Comley
Release Date : 2013
Inflation Tax written by Pete Comley and has been published by Pete Comley this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
Inflation Tax is the first book to present in simple easy to read way why inflation is such a big problem in the UK (even at low levels). It is reducing the standard of living of most people and redistributing wealth from savers to debtors. The book shows that inflation is not a mere by-product of random economic forces. Instead it is a stealth tax primarily paid by savers and pensioners. Furthermore, it has been used by successive governments since 1945 as a tool to manage the UK's debts. The book examines likely future inflation scenarios in the UK and the best ways to save and invest in those environments. Contents: SECTION I - INFLATION 1. Inflation - why you should be worried 2. What is inflation? 3. Theories of inflation 4. Measuring inflation: RPI/CPI SECTION II - DEBT 5. Government debt and the UK's Financial Dunkirk 6. Labour's post war solution to the debt 7. US inflation reduces UK debts 8. Debt: 1970s onwards SECTION III - INFLATION TAX 9. The benefits of inflation tax 10. Who pays inflation tax? 11. Disguising inflation tax 12. Problems with inflation tax SECTION IV - THE IMPLICATIONS 13. How to pay less inflation tax 14. Future debt and inflation scenarios 15. Concluding thoughts
Inflation Tax Rules And Capital Formation
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Author : Martin Feldstein
language : en
Publisher: University of Chicago Press
Release Date : 2009-05-15
Inflation Tax Rules And Capital Formation written by Martin Feldstein and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-05-15 with Business & Economics categories.
Inflation, Tax Rules, and Capital Formation brings together fourteen papers that show the importance of the interaction between tax rules and monetary policy. Based on theoretical and empirical research, these papers emphasize the importance of including explicit specifications of the tax system in such study.
Private Saving Public Saving And The Inflation Tax
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Author : Mr.A. Javier Hamann
language : en
Publisher: International Monetary Fund
Release Date : 1993-04-01
Private Saving Public Saving And The Inflation Tax written by Mr.A. Javier Hamann and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-04-01 with Business & Economics categories.
The present paper provides an analytical discussion on a popular issue: the measurement problems associated with the inflation tax. It is well known that conventional national accounts definitions usually misplace the proceeds from the inflation tax: they are typically not subtracted from disposable income, and they are not included as part of the Government’s revenues “above the line.” Using a simple, perfect foresight monetary model developed by Calvo (1986, 1987), this paper analyzes the difference between macroeconomically relevant concepts of public and private saving, and their national accounts counterparts. The paper goes on to show that the national account aggregates create the impression that heavier reliance on the inflation tax on the part of the Government is associated with higher private saving, even in situations where the composition of government revenues does not have any effect on private saving.
Collection Lags And The Optimal Inflation Tax
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Author : Mr.Alex Mourmouras
language : en
Publisher: International Monetary Fund
Release Date : 1993-07-01
Collection Lags And The Optimal Inflation Tax written by Mr.Alex Mourmouras and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-07-01 with Business & Economics categories.
The observation that collection lags combine with inflation to erode fiscal revenues has long been a strong argument against seigniorage (Tanzi (1978)). However, with the exception of Dixit (1991), who used a general equilibrium model to reject this argument, the optimal tax literature has not analyzed how collection lags affect desired tax structures. In this paper, this issue is re-examined using an overlapping generations version of Dixit’s model. It is shown that depending on the specification of the collection cost function and the size of government spending in GDP, collection lags may increase, leave unchanged, or reduce the desired rate of inflation.
Inflation Tax And Deficit Financing In Egypt
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Author : Hinh T. Dinh
language : en
Publisher: World Bank Publications
Release Date : 1991
Inflation Tax And Deficit Financing In Egypt written by Hinh T. Dinh and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Inflacion - Egipto categories.
The Optimal Mix Of Inflationary Finance And Commodity Taxation With Collection Lags
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Author : Mr.Avinash K. Dixit
language : en
Publisher: International Monetary Fund
Release Date : 1990-09-01
The Optimal Mix Of Inflationary Finance And Commodity Taxation With Collection Lags written by Mr.Avinash K. Dixit and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-09-01 with Business & Economics categories.
When there are collection lags in the tax system, inflation reduces the real revenues. This is often offered as an argument for less reliance on the inflation tax. But the optimal rates of other taxes should also be reconsidered in the light of collection lags. When this is done, the focus shifts from the revenues (which can be recouped by changing the rates of these taxes), to the associated costs of collection. In a benchmark case where the average costs of collection are constant, the optimal inflation tax is independent of the collection lag.
The Inflation Tax
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Author : United States. Advisory Commission on Intergovernmental Relations
language : en
Publisher:
Release Date : 1980
The Inflation Tax written by United States. Advisory Commission on Intergovernmental Relations and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1980 with Government publications categories.
Inflation Proof Tax System Some Lessons From Israel
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 1990-05-01
Inflation Proof Tax System Some Lessons From Israel written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-05-01 with Business & Economics categories.
This paper strengthens the claim made by Vito Tanzi that when the effect of a high inflation on the tax system is taken into account, then the overall revenues from inflationary finance may well be negative. The paper analyzes some genuine and neat measures taken in Israel in an attempt to construct an inflation-proof tax system. Despite these very elegant measures, the paper concludes that the Israeli experience suggests that it is more appropriate to talk about the “inflation subsidy” rather than the “inflation tax.”
Taxes Loans And Inflation
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Author : C. Eugene Steuerle
language : en
Publisher: Brookings Institution Press
Release Date : 2010-12-01
Taxes Loans And Inflation written by C. Eugene Steuerle and has been published by Brookings Institution Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-12-01 with Business & Economics categories.
Income from capital receives uneven treatment in both the tax system and the loan markets. This affects almost every investment decision make by the individuals, business, and government and causes major disruptions in the economy. In this book C. Eugene Steuerle shows how the misallocation of capital results from the interaction of tax laws, the operation of the market for loanable funds, and inflation. He first analyzes the taxation of capital income, focusing on the distortions caused by tax arbitrage and on inflation-induced discriminations among both taxpayer and borrowers. The author then applies this analysis to several related issues. He concludes with a reform agenda that calls for the adoption of a broader-based, flatter-rate income tax.
Ownership Of Capital In Monetary Economies And The Inflation Tax On Equity
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Author : Mr.Ralph Chami
language : en
Publisher: International Monetary Fund
Release Date : 1999-12-01
Ownership Of Capital In Monetary Economies And The Inflation Tax On Equity written by Mr.Ralph Chami and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-12-01 with Business & Economics categories.
Financial instruments are subject to inflation taxes on the wealth they represent and on the nominal income flows they provide. This paper explicitly introduces financial instruments into the standard stochastic growth model with money and production and shows that the value of the firm in this case is equal to the firm’s capital stock divided by inflation. The resulting asset-pricing conditions indicate that the effect of inflation on asset returns differs from the effects found in other papers by the addition of a significant wealth tax.