Economics, Econometrics and Finance
8 years ago

Switching to Consumption Tax Could Boost Economic Well-Being Significantly

Cambridge University Press eBooks
Capital Income Taxation in Tax Reform: Implications for Analysis of Distribution and Efficiency
R. Glenn Hubbard

Paper Summary

The article discusses how changing the way we tax income could lead to economic benefits. By switching to a consumption tax, we could improve savings decisions, boost capital accumulation, and avoid financial distortions in businesses. Research suggests that these changes could bring significant efficiency gains.

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