Economics, Econometrics and Finance
4 years ago

New tax system could revolutionize global economy and boost labor market.

1 view
SSRN Electronic Journal
Identical Twins? Destination-Based Cash-Flow Taxes Versus Consumption Taxes with Payroll Subsidies
Benjamin Carton, Emilio Fernández Corugedo, Ben Hunt

Paper Summary

The study used a model to show when a certain type of tax is the same as a combination of other taxes and subsidies. They found that under certain conditions, these taxes are equivalent in terms of their impact on the economy and tax revenue. However, introducing certain factors can break this equivalence.

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