Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/212524 
Year of Publication: 
2003
Series/Report no.: 
BOFIT Discussion Papers No. 10/2003
Publisher: 
Bank of Finland, Institute for Economies in Transition (BOFIT), Helsinki
Abstract: 
This paper analyses the long-run effects of Estonia s 2000 Income Tax Act with a dynamic general equilibrium model.Specifically, we consider the impact of the shift from an imputation system to one where companies only pay taxes on distributed profits.Balanced growth paths, transitional dynamics and welfare costs are computed. Our results indicate that the 2000 Income Tax Act leads to higher per capita income and investment, but lower welfare.A sensitivity analysis shows the results are rather robust.
Subjects: 
growth
welfare
taxation
tax reform
Estonia
JEL: 
H25
H32
O41
O52
Persistent Identifier of the first edition: 
ISBN: 
951-686-868-1
Document Type: 
Working Paper

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