379. BCA challenges: Excess burden of taxation
Here is the fourth video extract from my workshop called “Benefit-Cost Analysis: Traps, Challenges and Best Practice” presented on 7 February 2022, as part of the Australasian Agricultural and Resource Economics Society Annual Conference. It is about the excess burden of taxation: the efficiency cost of collecting $1 of funding through the tax system.
In this extract from the workshop, I explain what the excess burden of taxation is, I present evidence of how large the excess burden is, I present different opinions about whether the excess burden should be included in Benefit: Cost Analyses as an extra cost, and I reveal my own position about this.
Like all of the presentations in this series, it draws on my 12-week online micro-credential course on Applied BCA. This video is about 8 minutes long.
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One thought on “379. BCA challenges: Excess burden of taxation”
Here is a 2015 paper from Treasury estimating the marginal excess burden for various types of tax in Australia. The results are quite consistent with previous estimates.
Thanks to James Fogarty for alerting me to this.