The Russian Flat Tax Reform
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The Russian Flat Tax Reform
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Author : Anna Ivanova
language : en
Publisher: International Monetary Fund
Release Date : 2005-01-01
The Russian Flat Tax Reform written by Anna Ivanova 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 2005-01-01 with Business & Economics categories.
Russia dramatically reduced its higher rates of personal income tax (PIT) in 2001 establishing a single marginal rate at the low level of 13 percent. In the following year, real revenue from the PIT actually increased by about 26 percent. This 'flat tax' experience has attracted much attention (and emulation) among policymakers, making it perhaps the most important tax reform of recent years. But it has been little studied. This paper asks whether the strong revenue performance of the PIT was itself a consequence of this reform, using both macro evidence and, in particular, micro-level data on the experiences of individuals and households affected by the reform to varying degrees. It concludes that there is no evidence of a strong supply side effect of the reform. Compliance, however, did improve quite substantially-by about one third according to our estimates-though it remains unclear whether this was due to the parametric reforms or to accompanying changes in enforcement.
The Russian Flat Tax Reform
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Author :
language : en
Publisher:
Release Date : 2005
The Russian Flat Tax Reform written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
Myth And Reality Of Flat Tax Reform
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Author : Yuriy Gorodnichenko
language : en
Publisher:
Release Date : 2008
Myth And Reality Of Flat Tax Reform written by Yuriy Gorodnichenko and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Flat-rate income tax categories.
Using micro-level data, we examine the effects of Russia's 2001 flat rate income tax reform on consumption, income, and tax evasion. We use the gap between household expenditures and reported earnings as a proxy for tax evasion with data from a household panel for 1998-2004. Utilizing difference-in-difference and regression-discontinuity-type approaches, we find that large and significant changes in tax evasion following the flat tax reform are associated with changes in voluntary compliance and cannot be explained by changes in tax enforcement policies. We also find the productivity response of taxpayers to the flat tax reform is small relative to the tax evasion response. Finally, we develop a feasible framework to assess the deadweight loss from personal income tax in the presence of tax evasion based on the consumption response to tax changes. We show that because of the strong tax evasion response the efficiency gain from the Russian flat tax reform is at least 30% smaller than the gain implied by conventional approaches.
Myth And Reality Of Flat Tax Reform
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Author : Yuriy Gorodnichenko
language : en
Publisher:
Release Date : 2010
Myth And Reality Of Flat Tax Reform written by Yuriy Gorodnichenko and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Using micro-level data, we examine the effects of Russia's 2001 flat rate income tax reform on consumption, income, and tax evasion. We use the gap between household expenditures and reported earnings as a proxy for tax evasion with data from a household panel for 1998-2004. Utilizing difference-in-difference and regression-discontinuity-type approaches, we find that large and significant changes in tax evasion following the flat tax reform are associated with changes in voluntary compliance and cannot be explained by changes in tax enforcement policies. We also find the productivity response of taxpayers to the flat tax reform is small relative to the tax evasion response. Finally, we develop a feasible framework to assess the deadweight loss from personal income tax in the presence of tax evasion based on the consumption response to tax changes. We show that because of the strong tax evasion response the efficiency gain from the Russian flat tax reform is at least 30% smaller than the gain implied by conventional approaches.
The Effect Of Taxation On Informal Employment
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Author : Fabián Slonimczyk
language : en
Publisher:
Release Date : 2011
The Effect Of Taxation On Informal Employment written by Fabián Slonimczyk and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with categories.
The 2001 Russian tax reform reduced average tax rates for the personal income tax and the payroll or social tax. It also made the tax structure more regressive. Because individuals in the lower income bracket were for the most part not affected, it is possible to estimate the effects of the reform using a differences-in-differences approach. I study the effect of the reform on informal employment. Informality is defined using information on employment registration and self-employment. Applying parametric and semi-parametric techniques, I find evidence that the tax reform led to a significant reduction in the fraction of informal employees. Among the different forms of informality I study, the reform seems to have had the strongest effect on the prevalence of informal irregular activities. I also document stronger effects on individuals who benefited from the largest reductions in tax rates. The strong response to the tax reform lends support to the hypothesis that informal and formal labor markets are well integrated. -- informal sector ; entrepreneurship ; tax reform ; difference-in-difference ; transition ; Russia
Tax Reform In Russia
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Author : Jorge Martinez-Vazquez
language : en
Publisher: Edward Elgar Publishing
Release Date : 2008
Tax Reform In Russia written by Jorge Martinez-Vazquez and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
The fall of the Soviet Union in 1991 brought enormous political, economic, and social challenges. Since 1991 fiscal reform has been a pillar of Russia's reform agenda. This book analyzes the effort to adopt a modern tax code where previously there were few recognizable taxes, establish an efficient tax administration where taxpayers had never paid taxes directly, and decentralize the system of governance where power had been centralized and dictatorial. Despite the remarkable achievements, many old and new challenges remain. The authors bring an analytical approach to fiscal reform in Russia, providing a detailed analysis of the tax system and estimates of tax compliance and evasion. The book offers a careful examination of the fiscal architecture of Russia and concludes with a presentation of remaining reform needs and options for Russia. Based on Russia's reform experience, the authors also draw lessons for fiscal reform in other developing and transitional countries. Given the dynamic nature of Russia's economic development, this book will prove a timely and informative resource for academics in economics, public finance, political science and public administration as well as for policy makers. Its lessons will also be useful for officials involved with finance in transition and developing countries.
Does Labor Supply Respond To A Flat Tax
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Author : Denvil Duncan
language : en
Publisher:
Release Date : 2009
Does Labor Supply Respond To A Flat Tax written by Denvil Duncan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Evidence From The Russian Tax Reformdoes Labour Supply Respond To A Flat Tax
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Author : Denvil Duncan
language : en
Publisher:
Release Date : 2010
Evidence From The Russian Tax Reformdoes Labour Supply Respond To A Flat Tax written by Denvil Duncan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
We exploit the exogenous change in marginal tax rates created by the Russian flat tax reform of 2001 to identify the effect of taxes on the labour supply of men and women. We apply a weighted difference-in-difference regression approach and instrumental variables to estimate labour supply functions using a panel dataset. The mean regression results indicate that the tax reform led to a statistically significant increase in hours of work for men but had no effect on work hours for women. However, we find a positive response to tax changes in both tails of the female work hour distribution. We also find that the reform increased the probability of finding a job among both men and women. Despite significant variation in individual responses, the aggregate labour supply elasticities are trivial. This suggests that reform-induced changes in labour supply are an unlikely explanation for the amplified personal income tax revenues that followed the reform.
The Russian Tax Reform
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Author : Hunor Miklós-Klein
language : en
Publisher: VDM Publishing
Release Date : 2008
The Russian Tax Reform written by Hunor Miklós-Klein and has been published by VDM Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with Business & Economics categories.
The Russian Tax Reform Paving Way For Investments
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Author : Jon Hellevig
language : en
Publisher:
Release Date : 2005
The Russian Tax Reform Paving Way For Investments written by Jon Hellevig and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.