When Rules Change
The Economics of Retroactivity
261 pages
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6 x 9
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© 2000
Suppose Congress were to change Social Security just before you retired? Or repeal income tax deductions for homeowners? Or institute a flat tax? Should those changes be retroactive? Or should you retain the gains or accept the losses resulting from the new enactments? What kinds of policies might governments adopt in order to mitigate the transitional effects of changing legal rules?
Daniel Shaviro tackles these tough questions, bringing legal, economic, and political perspectives to bear on a persistent problem not often given serious attention. When Rules Change: An Economic and Political Analysis of Transition Relief and Retroactivity focuses on tax law changes to develop an in-depth understanding of the transitional issues inherent in any substantive rule change and also to advance a set of normative policy guidelines applicable to any such circumstance. Shaviro reframes traditional approaches to the problem of retroactivity and offers new insights into both the theory and policy of legislative transitions.
Daniel Shaviro tackles these tough questions, bringing legal, economic, and political perspectives to bear on a persistent problem not often given serious attention. When Rules Change: An Economic and Political Analysis of Transition Relief and Retroactivity focuses on tax law changes to develop an in-depth understanding of the transitional issues inherent in any substantive rule change and also to advance a set of normative policy guidelines applicable to any such circumstance. Shaviro reframes traditional approaches to the problem of retroactivity and offers new insights into both the theory and policy of legislative transitions.
Contents
Acknowledgments
1. Introduction
2. The Generic Problem of Transition Between Government Rules
3. Analyzing the Risk and the Tax
4. Problems of Political Choice and Their Bearing on Transition Issues
5. Constitutional Norms for Tax Law and Tax Transitions
6. Changes in Income Tax Rates
7. Income Tax Base Changes
8. Adoption of Corporate Integration
9. Shifting Between Income and Consumption Taxation
10. Social Security Reform
11. Alternative Instruments for Providing Transition Relief
12. Conclusion
Notes
References
Index
1. Introduction
2. The Generic Problem of Transition Between Government Rules
3. Analyzing the Risk and the Tax
4. Problems of Political Choice and Their Bearing on Transition Issues
5. Constitutional Norms for Tax Law and Tax Transitions
6. Changes in Income Tax Rates
7. Income Tax Base Changes
8. Adoption of Corporate Integration
9. Shifting Between Income and Consumption Taxation
10. Social Security Reform
11. Alternative Instruments for Providing Transition Relief
12. Conclusion
Notes
References
Index
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Law and Legal Studies: Law and Economics
Political Science: Public Policy
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