The Optimal Turnover Threshold and Tax Rate for SMEs is popular PDF and ePub book, written by Feng Wei in 2019-05-07, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Optimal Turnover Threshold and Tax Rate for SMEs can be Read Online from any device for your convenience.
The Optimal Turnover Threshold and Tax Rate for SMEs Book PDF Summary
Presumptive income taxes in the form of a tax on turnover for SMEs are pervasive as a way to reduce the costs of compliance and administration. We analyze a model where entrepreneurs allocate labor to the formal and informal sectors. Formal sector income is subjected either to a corporate income tax or a tax on turnover, depending on whether their turnover exceeds a threshold. We characterize the private sector equilibrium for any given configuration of tax policy parameters (corporate income tax rate, turnover tax rate, and threshold). Given private behavior, social welfare is optimized. We interpret the first-order conditions for welfare maximization to identify the key margins and then simulate a calibrated version of the model.
Detail Book of The Optimal Turnover Threshold and Tax Rate for SMEs PDF
- Author : Feng Wei
- Release : 07 May 2019
- Publisher : International Monetary Fund
- ISBN : 9781498314268
- Genre : Business & Economics
- Total Page : 34 pages
- Language : English
- PDF File Size : 11,8 Mb
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