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dc.contributor.authorSelim, Sheikhen_US
dc.date.accessioned2009-01-28T15:05:11Z-
dc.date.available2009-01-28T15:05:11Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/17954-
dc.description.abstractThe Ramsey approach to optimal taxation and Ramsey tax rules have amassed substance in economic theory. However, they are often criticized on grounds of practicality, fairness, feasibility and some other aspects of designing actual tax policy. This paper presents a collection of these views; it discusses how closely or remotely Ramsey rules are followed in designing tax policy. It presents some recent tax reforms in the US and in the UK that have closely, if not completely, followed the principle of distortion minimization. Despite the widely speculated difficulty associated with mapping normative tax rules into positive policy design, it is possible to implement taxes that have strong correspondence to Ramsey tax formulas. This paper also discusses why some implemented tax rules lack consistency with Ramsey principles, or why it is often difficult to establish correspondence between some implemented taxes and Ramsey tax rules.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesEconomics Discussion Papers / Institut für Weltwirtschaft 2007-31en_US
dc.subject.jelE61en_US
dc.subject.jelH30en_US
dc.subject.jelH21en_US
dc.subject.jelE62en_US
dc.subject.ddc330en_US
dc.subject.keywordOptimal Taxationen_US
dc.subject.keywordPolicy Relevanceen_US
dc.subject.keywordRamsey Tax Rulesen_US
dc.titleOn Policy Relevance of Ramsey Tax Rulesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn558298486en_US
dc.rights.licensehttp://creativecommons.org/licenses/by-nc/2.0/de/deed.en-
dc.identifier.repecRePEc:zbw:ifwedp:5736-
Appears in Collections:Economics: The Open-Access, Open-Assessment E-Journal - Discussion Papers

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