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Calculations of transition costs have followed the setup pioneered by the authors, deriving the impact of tax reforms on asset prices and behaviour. In this volume they expand that framework including the attempt wherever possible to confront issues with hard data, the most critical being from the political aspect.
The authors of this volume challenge the common perception that the removal of old distortions from the tax system would seriously hurt segments of the economy.
The authors of this volume challenge the common perception that the removal of old distortions from the tax system would seriously hurt segments of the economy.