Tax Reform Impact: Changes to the Tax Base Matter
Garrett Watson, Alex Durante, Alex Muresianu In December, scholars David Hope and Julian Limberg released a study with the London School of Economics (LSE) examining the economic effects of reducing tax rates for high-income individuals and corporations. The paper illustrates how overlooking an important element of the tax system—the structure of the tax base—can lead to an incomplete understanding of how tax reform impacts the economy. The paper uses data from 18 countries in the Organisation for Economic Co-operation and Development (OECD) to measure how ...
Source: taxfoundation.org