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The Economic and Social Environment for Tax Reform

The Economic and Social Environment for Tax Reform

Copyright Date: 1995
Pages: 286
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  • Book Info
    The Economic and Social Environment for Tax Reform
    Book Description:

    Major economic and social developments that will determine the context for tax reforms in the 1990s are the subject of this volume.

    eISBN: 978-1-4426-2328-6
    Subjects: Business, Political Science, Economics

Table of Contents

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  1. Front Matter
    (pp. i-iv)
  2. Table of Contents
    (pp. v-viii)
  3. Foreword
    (pp. ix-x)
    Monica Townson

    The Ontario Fair Tax Commission was established to examine the province’s tax system as an integrated whole and, in conjunction with its working groups, to analyse individual components of the system in detail.

    It has been many years since the Ontario tax system was subjected to a comprehensive examination. However, a great deal of research on taxation has been undertaken over the past two decades. This work, based in several disciplines, has been both theoretical and applied, and in this context the research program of the Fair Tax Commission was formulated.

    The research program has two broad purposes. The first...

  4. Introduction
    (pp. xi-2)
    Allan M. Maslove

    Tax reform cannot be contemplated without consideration of the economic and social context in which it will occur. A good deal of recent discussion of international economic trends is summarized by the term ‘globalization.’ For purposes of tax policy, this term implies the diminishing significance of national and sub-national borders in the operation of important goods and resources (including financial capital) markets. Stated in other terms, the cross-border mobility of capital, goods, and, to a lesser extent, people is increasing. The impacts of these developments on the ability of governments to raise revenues and on the manner in which they...

  5. 1 The Ontario Tax System in the Global Economy of the 1990s
    (pp. 3-45)

    For many decades, Ontario’s economy has been closely linked to the economies of other jurisdictions, especially that of the United States. Ontario’s exports and imports have formed a major portion of its aggregate economic activities, and foreign investment in Ontario has made an important contribution to the aggregate capital stock. This “open” nature of Ontario’s economy and its heavy dependence on the United States, together with the large role of manufacturing in the Ontario economy, have important implications for tax design. While the economies of Canada’s other provinces are also exposed to developments abroad, a central argument of this paper...

  6. 2 Changes in the World Economy and Fiscal Implications for Canada and Ontario
    (pp. 46-94)

    The goal of this paper is to sketch out major forces at work in the world economy, how they affect the Canadian and Ontario economies, and specifically the fiscal capacity of governments. Fiscal capacity implies the ability to tax and/or borrow. This paper focuses on tax.

    An exercise of this nature deals with issues and phenomena that are complex and in flux, and whose nature and consequences, often ambiguous, are the subject of much disagreement. However, in public policy analysis, to deal only in certain or complete knowledge is to stay within the realm of the trivial, and to leave...

  7. 3 The Economic Environment for Tax Reform in Ontario
    (pp. 95-231)

    The work of the Fair Tax Commission has taken place against the backdrop of a rapidly shifting fiscal situation in Ontario and Canada. This paper is one of several prepared for the commission on the economic and fiscal environment in which Ontario tax reform will unfold over the next 15 years. My approach is to develop a numerical portrait of what the Canadian and Ontario economies could look like over the next 15 years under a reasonable set of trends and assumptions. Included in the portrait are the key economic indicators such as the gross domestic product (GDP), inflation, unemployment...

  8. 4 Pensions, Deficits, and Ageing: Impacts for Ontario’s Residents
    (pp. 232-268)

    Canada, like many other countries, is experiencing a significant ageing of its population. The “baby boom” was reflected in a peak of 3.9 in the fertility rate in the mid-1960s and was followed by a “baby bust” with a sharp drop in fertility to 1.7 by the early 1970s.¹ Fertility has remained roughly constant since that time. However, as has been pointed out in a recent IMF study (Heller, Hemming, and Hohnert 1986) of seven major industrialized countries, Canada has the lowest expected public-sector costs associated with an ageing population. Subsequently, Fellegi (1988) and Murphy and Wolfson (1991) have undertaken...

  9. Notes on Contributors
    (pp. 269-270)
  10. Commission Organization
    (pp. 271-271)