Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/92854
Authors: 
Horioka, Charles Yuji
Sekita, Shizuka
Year of Publication: 
2004
Series/Report no.: 
ISER Discussion Paper, Institute of Social and Economic Research, Osaka University 624
Abstract: 
In this paper, we conduct a theoretical analysis of the consumption and income taxes from the viewpoints of efficiency and equity, we evaluate the past and present structure of Japan's consumption and income taxes, we consider the role of the consumption tax in stimulating the economy, in reforming the public pension system, and in achieving fiscal reconstruction, and finally, we make policy recommendations based on our findings. We find that the structure of Japan's current consumption and income taxes is problematic from the viewpoints of both efficiency and equity and make policy recommendations that will simultaneously improve both the efficiency and equity of Japan's tax system.
Subjects: 
consumption tax
Corlett and Hague
economic stimulus
efficiency
equity
excess burden
fiscal reconstruction
income tax
inverse elasticity rule
Japan
Japanese economy
optimal taxation
pension reform
Ramsey
tax reform
JEL: 
H21
H23
H24
Document Type: 
Working Paper

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