        Tax crystallize has become a major governmental policy issue in the joined States as swell up as in the rest of the world. Countries atomic number 18 attempting to balance twain economic efficiency and provide equity in valuateation. Governments argon looking to rewrite tax codes to minimize their impact on economic growth. Specifically, governments throughout the world are attempting to preserve incentives reinforced into taxation to maximize economic efficiency. At the same time, these governments are trying to cope with the growth in social welfare programs throughout the past three decades. In this paper I shall discuss two nations which dramatically overhauled their tax systems, and whether or not their goals with tax reform were achieved.
        In the article The tax reform act of 1986: Did coitus love it or
leave it?, Randall Weiss discusses the attitudes about taxes in the United States. He details the events and attitudes leading to the Tax Reform title of 1986, and shows how public perception about taxes has changed since then. He also discusses somewhat of the tax reform proposals that are now currently cosmos thought about in Congress.
        In 1986 the United States Congress enacted the Tax Reform Act (TRA-86). The act passed with a extensive deal of bipartisan support. This support was made possible by two induces of the act.
The first was that national income tax rates were to be cut dramatically. While this would lead one to believe that federal government receipts were cut substantially as well, it was the help important feature of the bill that allowed it to be revenue neutral. This feature was that the bill was to improve horizontal equity in the tax system. This would be accomplished by eliminating many of the deductions that many individuals, specially the well to do, were allowed to make.
        Many of...
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