[Title Page]
Contents
I. Introduction 4
II. Brief History of Tax Reforms 5
1. Independence to War Rehabilitation Period 5
2. The Take-Off Period 6
3. Liberalization and Stabilization Period 10
4. Financial crisis and tax reform: 1998-1999 14
III. Evaluation of Tax Reforms 17
1. Tax Revenue 17
2. Impact on Growth 19
3. Equity 23
4. Efficiency and Simplicity 32
IV. Suggestions for Future Reform 37
1. Simplification of the Tax System 37
2. Reform of the VAT 38
3. Comprehensive Income Tax 40
4. Realization of Self-Assessment 41
V. Conclusion 42
REFERENCES 44
APPENDIX 47