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U.S. and Swedish Trends in Tax Reform
Title: U.S. and Swedish Trends in Tax Reform
Category: Business & Economy / Global Economy
Details: Words: 1037 | Pages: 4.4 (approximately 235 words/page)
U.S. and Swedish Trends in Tax Reform
Tax reform has become a major governmental policy issue in the United States as well as in the rest of the world. Countries are attempting to balance both economic efficiency and provide equity in taxation. Governments are looking to rewrite tax codes to minimize their impact on economic growth. Specifically, governments throughout the world are attempting to preserve incentives built into taxation to maximize economic efficiency. At the same time, these governments are trying to …showed first 75 words of 1037 total…
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…showed last 75 words of 1037 total…both countries. To an extent, these goals were achieved. But both countries quickly reversed their desire to reduce or eliminate tax shelters and lower marginal rates. In efforts to reduce governmental budget deficits, top income tax rates were increased once again. It will be interesting to see whether the current tax reform proposals now being discussed in the U.S. Congress will take hold and shift policy back towards base broadening and more horizontal equity.
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