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International Tax

International Tax Research Papers

Can a harsh wealth tax end India’s political corruption problem?

October 23, 2017
Photo of Agra, India (Taj Mahal) by Arash Bal via Unsplash.

India, like many developing countries, has a fair amount of political corruption. Some Indian politicians amass large amounts of wealth unexplained by meager incomes reported on tax returns. Vrajlal K. Sapovadia, the executive director of Shanti Business School, has a novel approach to curbing corruption: “every two years, wealth in any form must be reconciled with past year’s income minus inflation. Any accumulation above the declared income must…

International Tax

The feasibility of the border-adjustable tax

February 28, 2017
A photograph of a truck by Seb Creativo in Paso Garibaldi, Ushuaia, Argentina - via Unsplash.

More on that border tax… Leonard E. Burman of the Tax Policy Center has an interesting look the feasibility of the border-adjustable tax (BAT) recently proposed by GOP lawmakers (aka the Mexico border tax.) Although hardships caused by the BAT could be offset by a rising dollar, it seems that currency markets would not completely adjust where we need them to. Currency markets aside, Burman comes to the conclusion…