Capital Gains Tax Cut 1998

Statutory and effective corporate tax rates, treatment of depreciation, and international competitiveness.

• ↑higher corporate tax burden
• ↓lower corporate tax burden

Taxation of capital income (dividends, capital gains, inheritance, wealth). Distinct from corporate rate.

• ↑higher capital income tax
• ↓lower capital income tax

General government spending as share of GDP, excluding transfers already captured under fiscal.transfer_expansion to avoid double-counting.

• ↑higher spending share
• ↓lower spending share

Size of cash and near-cash transfer programmes (unemployment benefits, means-tested assistance, universal child benefits). Architecturally distinct from forced-saving schemes — see condition welfare_architecture.

• ↑larger transfer footprint
• ↓smaller transfer footprint