Indeed, given that most investment is financed by debt, and that interest payments are tax deductible, the level of corporate taxation has little effect on investment.

And this amount partly reflects the fact that employed people who collect Social Security and Medicare are subject to the payroll tax that finances them.

For example, capital mobility increases opportunities for tax evasion, given that tax authorities capacity to monitor their citizens overseas incomes is limited, and some governments and financial institutions systematically conceal relevant information.

If dividends, interest, royalties, and management fees are not taxed in the country in which they are paid, they more easily escape notice in the country of residence.

What Will Be Taxed

The government imposed a new tax on farmers.

How complicated would it be to shift from a payroll tax to a layoff tax?

And what about the second tax proposed by the IMF, on banks profits and bonuses?

He was making, on average a week, tax free of course.

Half of tax revenue is collected with a value added tax, which is essentially a tax on consumption.

Corporations are allowed to deduct interest payments on bonds, but stock dividends are effectively taxed at the both the corporate and the individual level.

Many are worried that their asset prices will fall as a result of the new property tax initiatives.

Tom is here to help Mary figure out her income taxes.

All economic problems would be solved, if they made complacency taxable.

When this is necessary, states experiencing a boom should be taxed more than states experiencing a bust.

History tells us that citizens usually don't respond well to new taxes imposed on them against their will (remember the Boston Tea Party?).

In these cases, government will have to provide incentives, or regulate and tax.

By contrast, the proposal to impose losses on small Cypriot depositors had no redeeming justification whatsoever.

Transport ministries should provide safe roads so that children can bike to school.

Perhaps officials noticed that virtually everything in Europe is already heavily taxed.

Repatriation of any earnings in excess of 500 million would be subject to a 5 tax.

Finance ministers could tax unhealthy food and subsidize healthy food.

Meanwhile, Germany s insistence on imposing losses on bank creditors in Cyprus is the latest symptom of bailout fatigue in the core.

Wage income is effectively taxed at a whopping rate of 50 67 .

If the government sells these permits in an auction, the price of the permit would be a cost to the firm in the same way as a carbon tax and with the same resulting increases in consumer prices. The cap and trade system thus imposes a carbon tax without having to admit that it is really a tax.

The cap and trade system thus imposes a carbon tax without having to admit that it is really a tax.

This does not mean an increase in overall taxation, but simply a substitution in each country of a pollution (carbon) tax for some current taxes.

Where and how would we tax the resources to put real weight behind egalitarian principles?

And when economists see behavior that has destructive side effects, we like to tax it. Taxation makes individuals feel in their wallets the destruction they are causing.

In a globalized world, national governments ability to tax potentially mobile factors of production is sharply circumscribed.

And when economists see behavior that has destructive side effects, we like to tax it.

While taxing the return on capital at the national level could discourage investment, taxing companies in exchange for location advantages might not.

And inflation is like default a capital levy on holders of public debt, as it reduces the real value of nominal liabilities at fixed interest rates.

Now the debate is whether to introduce a sales tax on top of the VAT or to raise the VAT rate.

When the Hungarian government recently tried to foist an Internet tax on its people, thousands of Hungarians rose up and went into the streets, showering the ruling party's headquarters with old computer parts.

If taxes are imposed on gambling, as the political parties declare, I understand their arguments, but they must clearly say where the money will go, he said.

He evidently does not recognize that a system that taxes speculation at a lower rate than hard work distorts the economy.

Similarly, transparency would be encouraged if only payments that are fully documented were tax deductible.

We proposed an alternative similar to the way corporations are taxed within the US, with profits allocated to each state on the basis of the economic activity occurring within state borders.

The higher cost of production incurred to reduce emissions and of any emissions tax still due would, of course, be included in the price charged to consumers.

But a state appeals court recently rejected that argument, saying cap and trade isn t a tax at all because buying offsets or purchasing special pollution allowances is voluntary.

It has been calculated that the most contaminating energy sources would have to pay a 70 tax to reflect their negative externalities.

Such transfers represent as cunning a tax on everyone else as one can imagine.

Green and Galiana propose limiting carbon pricing initially to a low tax (say, 5.00 a ton) to finance energy research and development.

Corporate income in the EU is currently taxed under widely divergent national rules, based on separate accounting (SA) of income earned in each country.