Tax reform

Tax reform

Tax reform is the process of changing the way taxes are collected or managed by the government.

Tax reformers have different goals. Some seek to reduce the level of taxation of all people by the government. Some seek to make the tax system more/less progressive in its effect. Some may be trying to make the tax system more understandable, or more accountable. Many organizations have been set up to reform tax systems worldwide, often with the intent to reform Income taxes or Value Added Taxes into something considered more economically liberal. Other propose tax systems that attempt to deal with externalities. Georgism claims that various forms of land tax can both deal with externalities and improve productivity.

United States

There have been many movements in the United States to reform the collection and management of taxes.

As the United States was still being formed, the Whiskey Rebellion of 1794 may be considered to be the first effort for tax reform in the United States. President George Washington led 12,950 troops to western Pennsylvania to put down the rebellion.

The President's Advisory Panel for Federal Tax Reform's major push was for the removal of the Alternative Minimum Tax. Several organizations are working for tax reform in the United States including Americans for Tax Reform and Americans For Fair Taxation. Various proposals have been put forth for tax simplification in the United States including the FairTax and various Flat tax plans.

ee also

*Americans For Fair Taxation
*Americans for Tax Reform
*FairTax
*Flat tax
*Freedomworks

External links

* [http://www.fairtax.org Americans For Fair Taxation]
* [http://www.ntu.org National Taxpayers Union]
* [http://www.taxfoundation.org Tax Foundation]
* [http://www.atr.org Americans for Tax Reform]
* [http://www.cats.org Citizens for an Alternative Tax System]
* [http://www.ctj.org Citizens for Tax Justice]
* [http://www.litrg.org.uk Low Incomes Tax Reform Group] - U.K.
* [http://www.lp.org Libertarian Party] - U.S.
* [http://www.taxreform.com.au Tax Reform Australia] - Australia
* [http://www.tax.org.uk The Chartered Institute of Taxation] - U.K.


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • tax reform — UK US noun [C or U] TAX, FINANCE, GOVERNMENT, ECONOMICS ► changes in the tax system, or a particular set of these changes: »People will realize that taxes aren t going much lower, and there won t be any major tax reform. »The finance minister… …   Financial and business terms

  • Tax Reform Act of 1986 — The U.S. Congress passed the Tax Reform Act (TRA) of 1986, (USStatute|99|514|100|2085|1986|10|22) to simplify the income tax code, broaden the tax base and eliminate many tax shelters and other preferences. Although often referred to as the… …   Wikipedia

  • Tax Reform Act Of 1986 — A law passed by the United States Congress to simplify the income tax code. The Tax Reform Act of 1986, commonly referred to as the second of two Reagan tax cuts, lowered the top tax rate from 50% to 28% and raised the bottom tax rate from 11% to …   Investment dictionary

  • Tax Reform Act of 1969 — The United States Tax Reform Act of 1969 established individual and corporate minimum taxes, established a new tax schedule for single taxpayers, and lowered the maximum rate on earned income from 70 percent to 50 percent.The act phased in an… …   Wikipedia

  • Tax Reform Act of 1976 — The Tax Reform Act of 1976 was passed by the United States Congress in September of 1976, and signed into law by President Gerald Ford on October 4, 1976, becoming USPL|94|455.The act increased the percentage standard deduction to 16% ($2,800… …   Wikipedia

  • Tax Reform Act — Many laws have passed through the United States Congress regarding the taxation of American individuals and companies. Below is a list of tax reform bills by year …   Wikipedia

  • Tax Reform Act Of 1993 — Legislation aimed at reducing the federal deficit through a combination of increased taxes and reduced spending. This act was created by the Clinton Administration in 1993 and contained several major provisions for individuals, such as the… …   Investment dictionary

  • Tax Reform Act of 1986 — A 1986 law involving a major overhaul of the U.S. tax code. The New York Times Financial Glossary A 1986 law involving a major overhaul of the US tax code. Bloomberg Financial Dictionary …   Financial and business terms

  • Tax Reform Act of 1976 — Legislation aimed at tightening provisions relating to taxation, including changes in the capital gains tax laws. Bloomberg Financial Dictionary …   Financial and business terms

  • tax reform — passage of and/or amendment of laws relating to taxation …   English contemporary dictionary

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”