Tax shift

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Tax shift or Tax swap is a change in taxation that eliminates or reduces one or several taxes and establishes or increases others while keeping the overall revenue the same.[1] The term can refer to desired shifts, such as towards Pigovian taxes (typically sin taxes and ecotaxes) as well as (perceived or real) undesired shifts, such as a shift from multi-state corporations to small businesses and families.[2]

The following table lists tax shifts that have been proposed or introduced:

Name, location, proponent, source	From	To	Claimed benefits
Green tax shift (see ecotax)	various	ecotax	environment
Tax Shift for the Pacific Northwest (Durning & Baumann 1998)	personal, corporate income tax, payroll tax, property tax, sales tax	carbon tax, pollution tax, traffic tax, sprawl tax (Land value tax), resource consumption tax	environment; public health; reduction of gridlock; countering speculation; equity; administrative ease
Property tax shift (PTS)[3]	sales, income, and buildings	Land value tax	housing supply; sprawl; equity
Philadelphians for Land Value Tax Shift[4]	tax rates on structures	land-value tax	economic development, countering speculation
Illinois[5]	property tax	individual and corporate income tax
Mississippi[6][7], Tennessee[8]	Grocery or food tax	cigarette tax	public health; support for basic needs
Wyoming Tax Swap[9]	sales tax, use tax, and business personal property tax	flat income tax
FairTax	personal income tax, payroll tax, corporate tax, capital gains tax, self-employment tax, gift tax, estate tax	national retail sales tax with rebate	provide tax burden visibility; reduce compliance costs; global competitiveness

1 Other uses
2 See also
3 References
4 External links

[edit] Other uses

Tax swap can also refer to the sale of a security that has declined in price since its purchase and the simultaneous purchase of a similar but not identical security, in order to realize a loss for tax purposes while maintaining a position.[10]