The Most Successful Tax Reform in HistoryRoundup: Historians' Take
tags: World War II, Japan, taxes
Bruce Bartlett is a former Treasury deputy assistant secretary for economic policy and the author of The Benefit and the Burden: Tax Reform — Why We Need It and What It Will Take.
Arguably, the most successful tax reform in history is the one adopted by Japan after World War II. The nation’s remarkable economic growth during the next 40 years was largely attributable to the work of some American tax experts led by Columbia University economist Carl S. Shoup. Their 1949 report is still worth reading.
A new book, The Political Economy of Transnational Tax Reform: The Shoup Mission to Japan in Historical Context (Cambridge University Press), provides a thorough account. Edited by American tax historian W. Elliot Brownlee and two Japanese economists, Eisaku Ide and Yasunori Fukagai, it examines the Japanese tax reform from both sides of the Pacific, using documentary evidence and Japanese research previously unavailable to an English-speaking audience.
It’s important to understand some of the context in which the Japanese reform took place. After World War I, the victorious powers imposed harsh reparations on Germany that were widely viewed as having paved the way for Nazism and, consequently, World War II. After that war, the Allies, except for the Soviet Union, generally wanted to avoid repeating the mistake of the First World War. Rather than punishing Germany and Japan, the Allies hoped to revive their economies as quickly as possible....
comments powered by Disqus
- Rubio Surges Into Second In New Hampshire
- Branstad Says Cruz Ran ‘Unethical’ Campaign
- Christie Highlights Santorum’s Endorsement of Rubio
- Portman Comes Out Against Trade Deal
- Megyn Kelly Gets a Book Deal
- A Big List of the Bad Things Clinton Has Done
- An Unambiguous Sign Sanders Won Last Night’s Debate
- Still Friends at the End
- Quote of the Day
- Trump Still Leads as Clinton Slips
- Clinton Can’t Shake Image as Wall Street’s Friend
- Maddow Doesn’t See Sanders Winning
- Why Does the Media Still Shield Chelsea Clinton?
- Bush Jokes His Mother May Have Abused Him
- Rubio Closes the Gap in New Hampshire
- Transcribed Document: Soviet Politburo Discussed CIA Billion Dollar Spy Adolf Tolkachev
- Pentagon withholds Iraq War photos showing detainee abuse
- These Rebels Have Amassed A Library From Syria’s Ruins
- Was 1916 fire at Canadian Parliament set by German saboteur?
- United Nations Calls On U.S. To Pay African Americans Reparations For Slavery
- Juan Cole says America’s inclination to turn to the military started with Manifest Destiny
- History Jobs Drop
- Paul Krugman gives credence to Robert J. Gordon's pessimism about American economic growth
- Harvard President Drew Faust Condemns Free Tuition Proposal from Outsider Overseers Ticket
- Andrew Roberts says Trump is the Mussolini of America with double the vulgarity