TY - BOOK ID - 84656121 TI - The State of Tax Policy in the Central Asian and Transcaucasian Newly Independent States (NIS) AU - Escolano, Julio. AU - Shome, Parthasarathi. PY - 1993 SN - 1463998643 1463920644 1451970676 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Macroeconomics KW - Personal Finance -Taxation KW - Taxation KW - Socialist Institutions and Their Transitions: Public Economics KW - Comparative Studies of Particular Economies KW - Business Taxes and Subsidies KW - Taxation, Subsidies, and Revenue: General KW - Personal Income and Other Nonbusiness Taxes and Subsidies KW - Aggregate Factor Income Distribution KW - Personal Income, Wealth, and Their Distributions KW - Public finance & taxation KW - Value-added tax KW - Income tax systems KW - Personal income tax KW - Income KW - Personal income KW - Taxes KW - National accounts KW - Income tax KW - Spendings tax KW - Turkmenistan UR - https://www.unicat.be/uniCat?func=search&query=sysid:84656121 AB - Two possible tax policy strategies for the NIS are: (1) an optimal nondistortionary tax structure as a one-shot action; and (2) a structure with identifiable and clearly understood distortionary elements as a temporary phenomenon to close the fiscal gap. An assessment of NIS tax structures reveals that they conform to neither. They are rapidly acquiring complex features comprising multiple rates, exemptions, and other difficult-to administer properties, with uncertain ramifications for efficiency, equity, and the fiscal deficit. Steady--and perhaps prolonged--effort needs to be made if simple, broad-based, and revenue-productive tax structures are to be achieved. This is a Paper on Policy Analysis and Assessment and the author(s) would welcome any comments on the present text. Citations should refer to a Paper on Policy Analysis and Assessment of the International Monetary Fund, mentioning the author(s) and the date of issuance. The views expressed are those of the author(s) and do not necessarily represent those of the Fund. ER -