Abstract
The work looks at the various efforts being made to make tax systems inflation-proof, from both a theoretical and practical standpoint. As to the latter, the author examines the taxation of interest income in an inflationary situation and makes some recommendations aimed at reducing, if not eliminating, inequities that arise. As to the former, the author generalises the theoretical conclusions of Fisher’s theory by explicitly introducing income taxation among the variables that affect the Fisherian conclusion. The basic policy issue raised is that the Canadian solution does very little to solve the problems related to the taxation of capital gains and interest incomes in an inflationary situation.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.