Adjusting capital income taxation: Some lessons from the Italian experience - 2002

Julian Alworth , Giampaolo Arachi , Roni Hamaui Full Version (PDF)
(Quaderni del Dipartimento di Scienze Economiche e Matematico-Statistiche dell'Università del Salento - Collana di Economia, 23/10 / 2002)
Italy is the first country to have experimented with both accruals and retrospective capital gains taxation along the lines suggested by Vickrey (1939) and Meade (1978). This paper describes the Italian experience highlighting its peculiar features and the lessons that can be learned by other countries wishing to pursue these approaches. It illustrates the mechanics of the adjustments to the realisation based capital gains tax and how far they diverge from the original proposals. The paper also draws attention to the administrative and political difficulties encountered in implementing the reform. These factors ultimately resulted in a repeal of retrospective taxation, and, in due course, may also entail the abolition of taxation on an accrual basis. The paper highlights the crucial role that financial intermediaries can play in lowering compliance costs under a proportional tax system and the effects on tax revenues.

Table of Contents


Final considerations and proposals for future improvements     PDF
Julian Alworth , Giampaolo Arachi , Roni Hamaui 27-28

Bibliography     PDF
29-30

Figures and Tables     PDF
31-37


Questo sito utilizza un cookie tecnico per consentire la corretta navigazione. Se vuoi saperne di più consulta l'informativa estesa.

مبلمان اداریصندلی مدیریتیصندلی اداریمیز اداریوبلاگدهیفروشگاه اینترنتیگن لاغریشکم بند لاغریآگهی استخدامآگهی رایگانتبلیغات کلیکیآموزش زبان انگلیسیپاراگلایدرساخت وبلاگبوی بد دهان


Creative Commons License
This work is licensed under a Creative Commons Attribuzione - Non commerciale - Non opere derivate 3.0 Italia License.