Iceland : improving the equity and revenue productivity of the Icelandic tax system.

Iceland : improving the equity and revenue productivity of the Icelandic tax system.

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Bibliographic Details
Imprint:	[Washington, D.C.] : International Monetary Fund, 2010.
Description:	1 online resource (53 pages).
Language:	English
Series:	IMF staff country report ; no. 10/213 IMF country report ; no. 10/213.
Subject:	Taxation -- Iceland. Revenue -- Iceland. Income distribution -- Iceland. Corporations -- Taxation -- Iceland. Corporations -- Taxation. Economic history. Economic policy. Income distribution. Revenue. Taxation. Iceland -- Economic conditions -- 21st century. Iceland -- Economic policy. Iceland.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12498643

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund, issuing body.
ISBN:	1283556707 9781283556705
Notes:	Print version record.
Summary:	1. International comparisons of tax levels across countries are never perfect, but the comparison of Iceland with other Nordic and OECD countries is particularly difficult. This is because, in contrast to most OECD countries, compulsory pension contributions are made to institutions outside government-and thus, appropriately, they are not counted as taxes. This fact is reflected in Iceland's comparatively low government revenue from social security contributions. One way to circumvent this difficulty is to compare tax levels that exclude social security contributions in Iceland and in other countries. Alternatively, Iceland's tax revenue can be augmented with the compulsory contributions paid into pension funds, and the resulting level compared with the tax levels of other countries (this time including social security contributions). Both methods point to a similar conclusion: Iceland's tax level as a proportion of GDP is among the highest in the OECD.
Other form:	Print version: Iceland. Washington, D.C. : International Monetary Fund, ©2010

Description
Summary:	1. International comparisons of tax levels across countries are never perfect, but the comparison of Iceland with other Nordic and OECD countries is particularly difficult. This is because, in contrast to most OECD countries, compulsory pension contributions are made to institutions outside government--and thus, appropriately, they are not counted as taxes. This fact is reflected in Iceland's comparatively low government revenue from social security contributions. One way to circumvent this difficulty is to compare tax levels that exclude social security contributions in Iceland and in other countries. Alternatively, Iceland's tax revenue can be augmented with the compulsory contributions paid into pension funds, and the resulting level compared with the tax levels of other countries (this time including social security contributions). Both methods point to a similar conclusion: Iceland's tax level as a proportion of GDP is among the highest in the OECD.
Physical Description:	1 online resource (53 pages).
ISBN:	1283556707 9781283556705