Imposizione sui redditi da capitale, inflazione e neutralità
The economic literature shows how economic efficiency can be enhanced through the reduction of fiscal distortion. In this context, this paper assesses the overall neutrality of both theoretical and existing fiscal systems concerning capital income taxation. The newly adopted methodology is simple and can be used by policy makers to design practical fiscal systems, which are often a combination of different level of taxes and tax bases. To benefit from the advantages of the nominal system, together with the real accounting (derived adjusting the balance sheets' entries for inflation), we build a rigorous nominal accounting system (adding the appropriate budget entries) that can achieve similar results. Our analysis allows us to underline the conditions of financial and real neutrality, as well as the changes needed in order to make existing fiscal schemes neutral.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
When requesting a correction, please mention this item's handle: RePEc:mul:je8794:doi:10.1429/12919:y:2004:i:1:p:5-30. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: ()
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.