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Reforming Tax Systems: Experience of the Baltics, Russia, and Other Countries of the Former Soviet Union

Author/Editor: Stepanyan, Vahram
Authorized for Distribution: September 1, 2003
Electronic Access: Free Full Text (PDF file size is 1,227KB)
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF. The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.

Summary: Starting in the early 1990s, the Baltics, Russia, and other (BRO) countries of the former Soviet Union initiated tax reforms that varied widely at the later stages. Recently, some of the BRO countries, basing decisions on the proposition that lowering of the top marginal income tax rate would significantly benefit economic development and increase tax compliance, have initiated a new stage of tax reforms. This paper reviews country experiences and suggests that (i) overall, there seems to be little evidence of a substantial improvement in income tax revenues resulting simply from a reduction in the top marginal tax rates, and (ii) in the BRO countries, the elasticity of the behavior of economic agents, in terms of labor supply, saving, and investment, with respect to income tax rates is not large, and a reduction of the existing income tax rates is unlikely to lead to a notable expansion of economic activity.
 
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Series: Working Paper No. 03/173
Subject(s): Tax reforms | Russian Federation | Latvia | Lithuania | Estonia | Armenia | Azerbaijan | Georgia | Kazakhstan | Kyrgyz Republic | Moldova | Ukraine | Uzbekistan | Tajikistan | Tax systems | Value added tax
Author's keyword(s): Tax policy | tax reforms
 
English  
    Published:   September 1, 2003        
    ISBN/ISSN:   1934-7073   Format:   Paper
    Stock No:   WPIEA1732003   Pages:   30
    Price:   US$15.00 (Academic Rate: US$15.00 )
       
     
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