Is it possible to adjust ‘with a human face’? Differences in fiscal consolidation strategies between Hungary and Iceland

Is it possible to adjust ‘with a human face’? Differences in fiscal consolidation strategies between Hungary and Iceland

AUTHOR(S)
Bruno Martorano

Published: 2014 Innocenti Working Papers
Before the recent economic crisis, Hungary and Iceland were considered to be two excellent models of development. Hungary and Iceland were among the countries affected earliest and most by the recent macroeconomic shock, suffering a similar drop in GDP.While the Hungarian government implemented a flat tax reform in order to stimulate economic activity, the Icelandic government replaced its flat tax system with a progressive one increasing the participation of high income groups in the adjustment process. The aim of this paper is to compare the opposite adjustment paths followed by Hungary and Iceland on selected outcomes.
Tax Reforms and Equity in Asia: The experience of the 1980's

Tax Reforms and Equity in Asia: The experience of the 1980's

AUTHOR(S)
Andrea Manuelli

The 1980s witnessed a number of important shifts in fiscal policy in both the developed and the developing world. These reforms were carried out in response to such growing pressures as the debt crisis, which were hampering the basic operation of taxation and its overall performance in terms of revenue, fairness and efficiency. This paper examines the Asian experience of this process of change - identifying key reforms and assessing their effectiveness. Particular emphasis is placed throughout upon the equity implications of the various tax systems.
Cite this publication | No. of pages: 60 | Thematic area: Economic Development | Tags: economic aid, economic reform, tax reforms | Publisher: UNICEF ICDC, Florence
Tax Reforms and Equity in Latin America: A review of the 1980s and proposals for the 1990s

Tax Reforms and Equity in Latin America: A review of the 1980s and proposals for the 1990s

AUTHOR(S)
Oscar Cetrángolo; Ricardo Carciofi

This paper focuses on the equity aspects of tax systems in Latin America. Aftrer reviewing quantative characteristics regarding the level and composition of tax structures, the paper analyses recent country experiences of tax reforms and attempts to show how the design of instruments has coped with distributional issues in taxation. Policy proposals to promote a more progressive distribution of the tax burden are presented, paying due notice to institutional and administrative constraints that characterise the region's tax systems and avoiding conflicts with other functions of the tax systems - revenue generation and economic efficiency.
Cite this publication | No. of pages: 60 | Thematic area: Economic Development | Tags: economic aid, economic reform, tax reforms | Publisher: UNICEF ICDC, Florence
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