![]() ![]() Progressive taxes, where rates rise with income, have long been the norm. Keen and Varsano were joined by Kevin Hassett (American Enterprise Institute) and Leonard Burman (Urban Institute) for a panel discussion. The study, which has sparked considerable debate, provided the basis for a January 25 IMF seminar. And they question, given political economy considerations, the sustainability of the flat tax in the years ahead. The authors find little economic evidence that flat taxes boost work incentives, but suggest they have a somewhat beneficial effect on compliance with tax laws. ![]() Proponents claim its simplicity and efficiency can be a key to economic success, while critics argue that it has little effect on economic activity and can be unfair.Ī new study by the IMF's Michael Keen, Yitae Kim, and Ricardo Varsano examines the impact of the flat tax in countries where it has been in effect for more than a decade. IMF Working Paper The "Flat Tax(es)": Principles and Evidence. ![]()
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