Progressive wealth tax: An inquiry into Biden’s tax policy

Nguyen, Hien Phuc; Khieu, Hoang

doi:10.1016/j.eap.2021.10.011

Cited by 1 publication

(1 citation statement)

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“…Regarding the income tax, it is the main source that generates tax revenue, its progressive spirit has led to its rates being higher every day, which has a direct consequence of evasion and avoidance, as well as such as lack of regulatory knowledge due to the speed of reforms, affecting public spending (Nguyen & Khieu, 2021;Polania Bello et al, 2021) For the 2016 period, investment spending had the following distribution: 5.8% in social protection, 3.3% in education, 2.8% in health, 0.5% in housing and 0.1% in culture; The Gini index for 2016 was 50.6%, two points less when compared to 2012.…”

Section: The Nature Of Tax Reformsmentioning

confidence: 99%

Tax Reforms and Their Effect on Social Inequality

Macías,

Gaitán

2024

Intl. J. Rel.

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Fiscal policy obeys an axis of government management to guide economic and social investments where the general good prevails; recognizing that taxation is a mechanism that guarantees public spending. The objective of this reflection article is to describe the characteristics of the tax reforms and their effect on social inequality. For this, a documentary review was carried out from 30 documents selected with inclusion criteria; showing that inequality is multifactorial in nature and arises from the nation's inability to allocate income based on social investment. Finally, it was concluded that the reforms in their tax essence have a greater footprint of tax evasion and a clear impact on salary inequality that targets the less favored classes. For its part, the novelty is reflected with the approach of a particular analysis regarding the concept of social inequality.

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Section: The Nature Of Tax Reformsmentioning

confidence: 99%