Flat tax reforms: a general equilibrium evaluation for Spain
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| Format: | Artículo científico |
| Langue: | en |
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Fundación SEPI
2006
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| _version_ | 1876442979464380416 |
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| author | Marta González-Torrabadella |
| author_facet | Marta González-Torrabadella |
| contents | Flat tax reforms: a general equilibrium evaluation for Spain Marta González-Torrabadella Josep Pijoan-Mas Economía y Finanzas Income tax general equilibrium heterogeneous agents This paper quantifies the aggregate and distributional implications of an arrayof revenue neutral flat tax reforms for Spain. A standard general equilibriumeconomy with heterogeneous agents is used to evaluate the impact of the taxreforms. We find that di��erent flat tax reforms may generate important changesof aggregate allocations in opposite directions. Among all the reforms, amarginal tax equal to 23.11% and a fixed deduction equal to 30% of per capitaincome will yield increases in aggregate output, aggregate consumption andlabor productivity equal to 5.1%, 4.8% and 2.8% respectively. Admittedly, thistype of reforms also generate increases in the gini indexes of after tax incomeand consumption. However, the proposed reform reduces the tax bill of thebottom 60% of the income distribution. 2006 artículo científico 0210-1521 https://www.redalyc.org/articulo.oa?id=17330206 en http://www.redalyc.org/revista.oa?id=173 Investigaciones Económicas application/pdf Fundación SEPI Investigaciones Económicas (España) Num.2 Vol.XXX |
| format | Artículo científico |
| id | redalyc_17330206 |
| institution | Redalyc |
| language | en |
| publishDate | 2006 |
| publisher | Fundación SEPI |
| spellingShingle | Flat tax reforms: a general equilibrium evaluation for Spain Marta González-Torrabadella Economía y Finanzas Income tax general equilibrium heterogeneous agents Flat tax reforms: a general equilibrium evaluation for Spain Marta González-Torrabadella Josep Pijoan-Mas Economía y Finanzas Income tax general equilibrium heterogeneous agents This paper quantifies the aggregate and distributional implications of an arrayof revenue neutral flat tax reforms for Spain. A standard general equilibriumeconomy with heterogeneous agents is used to evaluate the impact of the taxreforms. We find that di��erent flat tax reforms may generate important changesof aggregate allocations in opposite directions. Among all the reforms, amarginal tax equal to 23.11% and a fixed deduction equal to 30% of per capitaincome will yield increases in aggregate output, aggregate consumption andlabor productivity equal to 5.1%, 4.8% and 2.8% respectively. Admittedly, thistype of reforms also generate increases in the gini indexes of after tax incomeand consumption. However, the proposed reform reduces the tax bill of thebottom 60% of the income distribution. 2006 artículo científico 0210-1521 https://www.redalyc.org/articulo.oa?id=17330206 en http://www.redalyc.org/revista.oa?id=173 Investigaciones Económicas application/pdf Fundación SEPI Investigaciones Económicas (España) Num.2 Vol.XXX |
| title | Flat tax reforms: a general equilibrium evaluation for Spain |
| topic | Economía y Finanzas Income tax general equilibrium heterogeneous agents |
| url | https://www.redalyc.org/articulo.oa?id=17330206 |