01839cas a2200277 a 4500 AALejournalIMF018511 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484361566 1018-5941 BD-DhAAL BD-DhAAL Klemm, Alexander. Are Elasticities of Taxable Income Rising? / Alexander Klemm, Li Liu, Victor Mylonas, Philippe Wingender. Washington, D.C. : International Monetary Fund, 2018. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper assesses a possible explanation for the global downward trend in top personal income tax rates over the last decades: globalization and the related tax evasion and avoidance opportunities could have raised elasticities of taxable income, which would imply lower optimal tax rates. The paper estimates elasticities of taxable income for top income earners using a large sample of economies and years with a common method, allowing an analysis of trends in such elasticities. The paper finds that elasticities do not appear to exhibit any clear pattern over the years. The downward trend in tax rates must have other possible explanations, which are briefly discussed. Mode of access: Internet Liu, Li. Mylonas, Victor. Wingender, Philippe. IMF Working Papers; Working Paper ; No. 2018/132 Full text available on IMF http://elibrary.imf.org/view/journals/001/2018/132/001.2018.issue-132-en.xml IMF e-Library