Book contents
- Frontmatter
- Contents
- Preface
- 1 Inflation and personal income taxation: an introduction to the main issues
- 2 Inflation and the real progression of the rates: problems and solutions
- 3 Inflation and the real progression of the rates: countries' experiences
- 4 Inflation and the taxation of capital gains: problems and solutions
- 5 Inflation and the taxation of interest income: problems and solutions
- 6 Inflation and the taxation of business incomes
- 7 Inflation, lags in collection, and the real value of income tax revenue
- 8 Sensitivity of personal income tax yield to income changes: theory and measurement
- 9 Indexing the personal income tax for inflation and real growth
- 10 Inflation, income taxes, and the equilibrium rate of interest: theory
- 11 Inflation, income taxes, and interest rates: some empirical results
- 12 Inflation, indexation, and the wage-tax spiral
- 13 Some general conclusions on indexation
- Notes
- Index
- Frontmatter
- Contents
- Preface
- 1 Inflation and personal income taxation: an introduction to the main issues
- 2 Inflation and the real progression of the rates: problems and solutions
- 3 Inflation and the real progression of the rates: countries' experiences
- 4 Inflation and the taxation of capital gains: problems and solutions
- 5 Inflation and the taxation of interest income: problems and solutions
- 6 Inflation and the taxation of business incomes
- 7 Inflation, lags in collection, and the real value of income tax revenue
- 8 Sensitivity of personal income tax yield to income changes: theory and measurement
- 9 Indexing the personal income tax for inflation and real growth
- 10 Inflation, income taxes, and the equilibrium rate of interest: theory
- 11 Inflation, income taxes, and interest rates: some empirical results
- 12 Inflation, indexation, and the wage-tax spiral
- 13 Some general conclusions on indexation
- Notes
- Index
Summary
L'inflation est l'oeuvre du diable parce qu'elle respecte les apparances et détruit les réalités.
André MauroisWhether inflation is, or is not, the work of the devil is an issue on which I would rather not make a pronouncement; however, it is the theme of this book that inflation respects appearances while destroying reality. Inflation distorts tax systems and, in the process, affects the level of taxation and its incidence among taxpayers. But these distortions are often not obvious and, at times, are so subtle that not only unsophisticated observers but even highly sophisticated ones may be deceived into concluding that nothing has changed in reality. This book deals with these distortions, with respect to income taxes, and with what can be done, or has been done in various countries, to deal with them. As the subject is of considerable interest to policymakers around the world, I have preferred to emphasize the practical, rather than the purely theoretical, side of the problems. This, however, does not imply that this book will be of no interest to academic economists or to students of taxation. The problems are simply too important and complex to be left just to policymakers. This book includes thirteen chapters ranging from fairly theoretical to eminently practical ones. In all cases, the perspective is an international one, although because of greater availability of data for the United States, some issues are illustrated with examples for that country.
- Type
- Chapter
- Information
- Inflation and the Personal Income TaxAn International Perspective, pp. xi - xiiPublisher: Cambridge University PressPrint publication year: 1980