Iceland : Improving the Equity and Revenue Productivity of the Icelandic Tax System

Author/Editor:

International Monetary Fund

Publication Date:

July 16, 2010

Electronic Access:

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Summary:

The Icelandic government has launched a review of the tax system, with a view to improving its income redistribution, growth orientation, and efficiency features, as well as increasing its revenue mobilization potential. It aims at minimizing detrimental effects on employment and growth, and at removing inconsistencies with international practices. The tax measures will boost the revenue potential in line with the government’s objectives while substantially increasing income redistribution. The Icelandic Corporate Index Tax would benefit from adopting financial accounting as the basis to determine taxable income.

Series:

Country Report No. 10/213

Subject:

English

Publication Date:

July 16, 2010

ISBN/ISSN:

9781455207947/1934-7685

Stock No:

1ISLEA2010002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

55

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