Ideas tagged with taxation

Equitable methods of abolishing PAYG personal income tax

It is argued that the replacement of pay-as-you-go personal income tax ("PAYG tax") by something more efficient (e.g. a land tax or consumption tax) would offend intergenerational equity because retirees no longer pay PAYG tax, and would offend vertical equity because higher-income earners would...

By Gavin Putland

Partial replacement of the FairTax prebate by a wage subsidy

The proposed FairTax Act (H.R.25/S.155) would replace most U.S. federal taxes, including payroll tax and all forms of income tax, with a retail sales tax. To compensate for the rise in prices of necessities, the legislation provides for an annual "prebate" of a fixed amount per legally resident ...

By Gavin Putland

Loophole capitalism and tax havens: why practice matters more than place

The leakage of the Panama, Paradise and Pandora papers have highlighted the prevalence of tax minimisation by wealthy individuals and corporations. The language used to describe this is rooted in island/maritime terminology: ‘tax *havens*’, ‘*offshore* financial centres’, ‘*archipelago* capitali...

By Simon Michael Mollan, Kristine Sævold