Modelling the Effects of Income Growth and Discretionary Change on Sensitivity of UK Income Tax Revenue PDF Download
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Author: John P. Hutton
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
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Book Description
Author: John P. Hutton
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 11
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Book Description
Author: John Creedy
Publisher: Edward Elgar Publishing
ISBN: 9781781958438
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
"Providing extensions of analysis to cover indirect taxes, and direct and indirect taxes combined, as well as empirical applications for several countries, Modelling Tax Revenue Growth will be warmly welcomed by researchers and graduate students interested in public finance and government officials and those in international organisations interested in tax revenue growth."--BOOK JACKET.
Author: Mrs.Sandra V Lizarazo Ruiz
Publisher: International Monetary Fund
ISBN: 1484316584
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
This paper assesses the macroeconomic and distributional impact of personal income tax (PIT) reforms in the U.S. drawing on a multi-sector heterogenous agents model in which consumers have non-homothetic preferences and sectors differ in terms of their relative labor and skill intensity. The model is calibrated to key characteristics of the US economy. We find that (i) PIT cuts stimulate growth but the supply side effects are never large enough to offset the revenue loss from lower marginal tax rates; (ii) PIT cuts do “trickle-down” the income distribution: tax cuts stimulate demand for non-tradable services which raise the wages and employment prospects of low-skilled workers even if the tax cut is not directly incident on them; (iii) A revenue neutral tax plan that reduces PIT for middle-income groups, raises the consumption tax, and expands the Earned Income Tax Credit can have modestly positive effects on growth while reducing income polarization; (iv) The growth effects from lower income taxes are concentrated in non-tradable service sectors although the increased demand for tradable goods generate positive spillovers to other countries; (v) Tax cuts targeted to higher income groups have a stronger growth impact than tax cuts for middle income households but significantly worsen income polarization, even after taking into account trickle-down effects and an expansion of the Earned Income Tax Credit.
Author: Mr.Gian Milesi-Ferretti
Publisher: International Monetary Fund
ISBN: 1451848234
Category : Business & Economics
Languages : en
Pages : 38
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Book Description
The effects of income and consumption taxation are examined in the context of models in which the growth process is driven by the accumulation of human and physical capital. The different channels through which these taxes affect economic growth are discussed, and it is shown that in general the taxation of factor incomes (human and physical capital) is growth-reducing. The effects of consumption taxation on growth depend crucially on the elasticity of labor supply, and therefore on the specification of the leisure activity. The paper also derives some implications for the optimal intertemporal choice of tax instruments.
Author: Creedy, John
Publisher: Edward Elgar Publishing
ISBN: 1802209603
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
This timely book analyses the elasticity of taxable income, a central concept in public finance with a rapidly growing wealth of literature. Combining original empirical research with rigorous theoretical modelling of tax revenue and optimal tax policy, this innovative study examines the complexities and new methods of estimating the elasticity of taxable income.
Author: John Creedy
Publisher: Edward Elgar Publishing
ISBN: 9781782542018
Category : Business & Economics
Languages : en
Pages : 236
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Book Description
Indirect taxes have become an increasingly important revenue-raising tool for governments in developed countries. In this book, John Creedy applies his wealth of experience and expertise to the analysis of indirect taxes and, in particular, concentrates on the modelling of indirect tax reform and its distributional implications.
Author: John Creedy
Publisher: Edward Elgar Publishing
ISBN: 9781781959503
Category : Business & Economics
Languages : en
Pages : 358
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Book Description
This volume offers a number of broad introductory surveys in public economics and public finance. Divided clearly into two parts -measurement issues and taxation and economic behaviour - the collection consists of published refereed papers and several unpublished pieces.
Author: Jaber Ehdaie
Publisher:
ISBN:
Category : Econometria - Africa
Languages : en
Pages : 102
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Book Description
The author develops an econometric technique that deals with shortcomings of existing methods for estimating the tax elasticity and the impact on revenues of discretionary tax measures. He applies this model to Malawi and Mauritius to highlight the roles that discretionary tax measures and economic growth play in effecting the shift from the taxation of international trade to the taxation of domestic transactions.
Author:
Publisher:
ISBN:
Category : Europe
Languages : en
Pages : 52
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Book Description
