Inflation and the indexation of personal income taxes in theory and in practice
The work considers the arguments for and against the indexation of personal income taxes. The author first reviews the effects of inflation on personal income and tax liabilities. The four analytical adjustment schemes that have been proposed in the literature to correct for the impact of inflation...
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| Format: | Article |
| Language: | English |
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Associazione Economia civile
2014-01-01
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| Series: | PSL Quarterly Review |
| Subjects: | |
| Online Access: | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11501 |
| _version_ | 1811172486323109888 |
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| author | V. TANZI |
| author_facet | V. TANZI |
| author_sort | V. TANZI |
| collection | DOAJ |
| description | The work considers the arguments for and against the indexation of personal income taxes. The author first reviews the effects of inflation on personal income and tax liabilities. The four analytical adjustment schemes that have been proposed in the literature to correct for the impact of inflation on personal income tax liabilities are then described and some particular problems with the adjustment schemes are highlighted. Finally, practical applications of indexation in several countries are assessed.
JEL: E31, H24
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| first_indexed | 2024-04-10T17:30:55Z |
| format | Article |
| id | doaj.art-01ee1e0d06764ad88a865d00f180b606 |
| institution | Directory Open Access Journal |
| issn | 2037-3635 2037-3643 |
| language | English |
| last_indexed | 2024-04-10T17:30:55Z |
| publishDate | 2014-01-01 |
| publisher | Associazione Economia civile |
| record_format | Article |
| series | PSL Quarterly Review |
| spelling | doaj.art-01ee1e0d06764ad88a865d00f180b6062023-02-03T16:44:40ZengAssociazione Economia civilePSL Quarterly Review2037-36352037-36432014-01-012911810.13133/2037-3643/11501Inflation and the indexation of personal income taxes in theory and in practiceV. TANZIThe work considers the arguments for and against the indexation of personal income taxes. The author first reviews the effects of inflation on personal income and tax liabilities. The four analytical adjustment schemes that have been proposed in the literature to correct for the impact of inflation on personal income tax liabilities are then described and some particular problems with the adjustment schemes are highlighted. Finally, practical applications of indexation in several countries are assessed. JEL: E31, H24 https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11501Indexationpersonal income taxesadjustment schemesinflation |
| spellingShingle | V. TANZI Inflation and the indexation of personal income taxes in theory and in practice PSL Quarterly Review Indexation personal income taxes adjustment schemes inflation |
| title | Inflation and the indexation of personal income taxes in theory and in practice |
| title_full | Inflation and the indexation of personal income taxes in theory and in practice |
| title_fullStr | Inflation and the indexation of personal income taxes in theory and in practice |
| title_full_unstemmed | Inflation and the indexation of personal income taxes in theory and in practice |
| title_short | Inflation and the indexation of personal income taxes in theory and in practice |
| title_sort | inflation and the indexation of personal income taxes in theory and in practice |
| topic | Indexation personal income taxes adjustment schemes inflation |
| url | https://rosa.uniroma1.it/rosa04/psl_quarterly_review/article/view/11501 |
| work_keys_str_mv | AT vtanzi inflationandtheindexationofpersonalincometaxesintheoryandinpractice |