Tax Composition And Growth

Author : Mr.Santiago Acosta Ormaechea,Ms.Jiae Yoo
Publisher : International Monetary Fund
Page : 36 pages
File Size : 47,9 Mb
Release : 2012-10-25
Category : Business & Economics
ISBN : 9781616355678

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Tax Composition and Growth by Mr.Santiago Acosta Ormaechea,Ms.Jiae Yoo Pdf

We investigate the relation between changes in tax composition and long-run economic growth using a new dataset covering a broad cross-section of countries with different income levels. We specifically consider 69 countries with at least 20 years of observations on total tax revenue during the period 1970-2009—21 high-income, 23 middle-income and 25 low-income countries. To our knowledge this is the most comprehensive and up-to-date dataset on tax composition and growth. We find that increasing income taxes while reducing consumption and property taxes is associated with slower growth over the long run. We also find that: (1) among income taxes, social security contributions and personal income taxes have a stronger negative association with growth than corporate income taxes; (2) a shift from income taxes to property taxes has a strong positive association with growth; and (3) a reduction in income taxes while increasing value added and sales taxes is also associated with faster growth.

Author : John Toye
Publisher : Taylor & Francis
Page : 309 pages
File Size : 46,8 Mb
Release : 2023-06-09
Category : Business & Economics
ISBN : 9781000946567

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Taxation and Economic Development by John Toye Pdf

First published in 1978. The tax system is one of the instruments said to be available to translate development policy objectives into practice. The wide-ranging papers collected together in this volume, first published in 1978, explore different aspects of the link between national development objectives and the tax system. Attention is particularly focused on traditional aims such as growth, fair distribution and economic stabilisation and development. Articles written by distinguished experts in the fields of public finance and economic development clarify the concepts of taxable capacity and tax effort, and examine the connections between growth and changes within the tax system.

Author : Caren Grown,Imraan Valodia
Publisher : IDRC
Page : 349 pages
File Size : 53,8 Mb
Release : 2010
Category : Business & Economics
ISBN : 9780415568227

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Taxation and Gender Equity by Caren Grown,Imraan Valodia Pdf

Around the world, there are concerns that many tax codes are biased against women, and that contemporary tax reforms tend to increase the incidence of taxation on the poorest women while failing to generate enough revenue to fund the programs needed to improve these women's lives. Because taxes are the key source of revenue governments themselves raise, understanding the nature and composition of taxation and current tax reform efforts is key to reducing poverty, providing sufficient revenue for public expenditure, and achieving social justice. This is the first book to systematically examine gender and taxation within and across countries at different levels of development. It presents original research on the gender dimensions of personal income taxes, and value-added, excise, and fuel taxes in Argentina, Ghana, India, Mexico, Morocco, South Africa, Uganda and the United Kingdom. This book will be of interest to postgraduates and researchers studying Public Finance, International Economics, Development Studies, Gender Studies, and International Relations, among other disciplines.

Author : Mr.Santiago Acosta Ormaechea,Atsuyoshi Morozumi
Publisher : International Monetary Fund
Page : 38 pages
File Size : 50,6 Mb
Release : 2019-05-07
Category : Business & Economics
ISBN : 9781498314183

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The Value Added Tax and Growth: Design Matters by Mr.Santiago Acosta Ormaechea,Atsuyoshi Morozumi Pdf

Does the design of a tax matter for growth? Assembling a novel dataset for 30 OECD countries over the 1970-2016 period, this paper examines whether the value added tax (VAT) may have different effects on long-run growth depending on whether it is raised through the standard rate or through C-efficiency (a measure of the departure of the VAT from a perfectly enforced tax levied at a single rate on all consumption). Our key findings are twofold. First, for a given total tax revenue, a rise in the VAT, financed by a fall in income taxes, promotes growth only when the VAT is raised through C-efficiency. Second, for a given VAT revenue, a rise in Cefficiency, offset by a fall in the standard rate, also promotes growth. The implication is thus that in OECD countries broadening the VAT base through fewer reduced rates and exemptions is more conducive to higher long-run growth than a rise in the standard rate.

Author : Harley H. Hinrichs
Publisher : Unknown
Page : 182 pages
File Size : 47,5 Mb
Release : 1966
Category : Business & Economics
ISBN : UOM:39015013426682

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A General Theory of Tax Structure Change During Economic Development by Harley H. Hinrichs Pdf

Explores the correlation between size and structure of government revenue systems and socio-economic development.

Author : John Richard Allan,Irving Jay Goffman
Publisher : Unknown
Page : 184 pages
File Size : 47,9 Mb
Release : 1966
Category : Taxation
ISBN : PSU:000000203708

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Five Papers : 1. Altering the Tax Structure to Promote Economic Growth. 2. The Fiscal Performance of Indirect Taxation. 3. Some Aspects of a Value-added Tax for Canada. 4. Le Jeu Étatisé Au Québec? 5. Revenue Productivity of the Real Property Tax (Ontario) by John Richard Allan,Irving Jay Goffman Pdf

Author : Khaled Abdel-Kader,Ruud A. de Mooij
Publisher : INTERNATIONAL MONETARY FUND
Page : 38 pages
File Size : 43,7 Mb
Release : 2020-12-04
Category : Business & Economics
ISBN : 1513561561

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Tax Policy and Inclusive Growth by Khaled Abdel-Kader,Ruud A. de Mooij Pdf

This paper discusses the theory and practice of tax design to achieve an efficient and equitable outcome, i.e. in support of inclusive growth. It starts with a discussion of the key principles from tax theory to guide practical tax design. Then, it elaborates on more granular tax policy, discussing key choices in the structure of the personal income tax on labor and capital income, taxes on wealth, the corporate income tax, and consumption taxes. The paper concludes by highlighting the political economy considerations of the issues with concrete recommedtions as to how to implement tax reform.

Author : OECD
Publisher : OECD Publishing
Page : 154 pages
File Size : 49,5 Mb
Release : 2010-11-03
Category : Electronic
ISBN : 9789264091085

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OECD Tax Policy Studies Tax Policy Reform and Economic Growth by OECD Pdf

This report investigates how tax structures can best be designed to support GDP per capita growth.

Author : Mr.Gian Milesi-Ferretti,Mr.Enrique G. Mendoza,Patrick K. Asea
Publisher : International Monetary Fund
Page : 42 pages
File Size : 45,7 Mb
Release : 1995-08-01
Category : Business & Economics
ISBN : 9781451955798

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Do Taxes Matter for Long-Run Growth? Harberger's Superneutrality Conjecture by Mr.Gian Milesi-Ferretti,Mr.Enrique G. Mendoza,Patrick K. Asea Pdf

Harberger’s superneutrality conjecture contends that, although in theory the mix of direct and indirect taxes affects investment and growth, in practice growth effects of taxation are negligible. This paper provides evidence in support of this view by testing the predictions of endogenous growth models driven by human capital accumulation. The theoretical analysis highlights implications of different taxes for growth and investment in these models. The empirical work is based on cross-country regressions and numerical simulations, using a new methodology for estimating aggregate effective tax rates. Results show significant investment effects from income and consumption taxes that are consistent with small growth effects. The results are robust to the introduction of other growth determinants.

Author : Damian Nwosu
Publisher : GRIN Verlag
Page : 97 pages
File Size : 41,9 Mb
Release : 2011-12
Category : Business & Economics
ISBN : 9783656072881

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Tax Structure and Economic Growth in Nigeria by Damian Nwosu Pdf

Master's Thesis from the year 2010 in the subject Economics - Economic Cycle and Growth, grade: M.Phil/PhD, University of Ibadan, course: Economis, language: English, abstract: This study examined the relationship between tax structure and economic growth in Nigeria using annual data between 1970 to 2007. The motivation is to track the impact of the observed change in the tax structure on economic growth in order to inform policy. Two tax structures namely pre Value Added Tax (VAT) and post VAT were identified and their impacts evaluated. The empirical analysis was anchored on the endogenous growth theoretical framework which allowed for linking tax structures to growth. Econometric models were then developed to explore the relationship between the identified tax structures and economic growth. The first model present a growth equation with average tax rate variable, while the second model is where the specific tax variables were included alongside variables in the first model. The third, fourth and fifth models were used to test the robustness of the second model. This was accomplished basically by introducing additional variables. Prior to the empirical estimations, the standard tests of unit root and co-integration analysis were conducted to ascertain the appropriate estimation procedure and technique(s) to use. The unit root test show that all the variables of the models are stationary at the first difference, while the co-integration analysis indicates that one model out of the five models had no co-integrating relationship, while the rest had co integrating relationships. On the basis of these tests results, the model for which we found no co-integrating relationship was estimated using the Vector Auto Regression (VAR) technique while the others with co-integrating relationship were estimated via the Error Correction Modeling (ECM) technique. Further to this, the Granger Causality test was also conducted to ascertain the direction of causality among the variab

Author : Conor M. Savoy
Publisher : Rowman & Littlefield
Page : 63 pages
File Size : 40,5 Mb
Release : 2014-12-11
Category : Political Science
ISBN : 9781442240483

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Taxes and Development by Conor M. Savoy Pdf

There is real promise for developing economies in the mobilization of their own domestic resources. For example, in 2010, tax revenue on the Africa continent was eight times larger than the foreign assistance received. And as aid levels from wealthy nations continue to be uncertain, countries have an impetus to finance their own development in order to deliver responsible, transparent public services—all of which require a strong tax base from the formal sector. The Global Partnership for Effective Development Co-operation, launched in 2011 at Busan, relies heavily on this principle of domestic resource mobilization as a means of country ownership. How we leverage the expertise of donor governments in partnership with local governments in implementing this agenda is key to its success.

Author : John Richard Allan,Irving Jay Goffman
Publisher : Unknown
Page : 161 pages
File Size : 44,5 Mb
Release : 1966
Category : Taxation
ISBN : OCLC:156734469

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Altering the Tax Structure to Promote Economic Growth by John Richard Allan,Irving Jay Goffman Pdf

Author : Hyun Park
Publisher : International Monetary Fund
Page : 44 pages
File Size : 43,5 Mb
Release : 2006-06
Category : Business & Economics
ISBN : UCSD:31822034387639

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Expenditure Composition and Distortionary Tax for Equitable Economic Growth by Hyun Park Pdf

This paper continues the study of optimal fiscal policy in a growing economy by exploring a case in which the government simultaneously provides three main categories of expenditures with distortionary tax finance: public production services, public consumption services, and state-contingent redistributive transfers. The paper shows that in a general equilibrium model with given exogenous fiscal policy, a nonlinear relation exists between the suboptimal longrun growth rate in a competitive economy and distortionary tax rates. When fiscal policy is endogenously chosen at a social optimum, the relation between the rate of growth and tax rates is always negative. These two conclusions suggest that the interaction between fiscal policy and growth may be complicated enough that it cannot be captured in a simple linear model using an aggregate measure of fiscal policy. The sources of nonlinearity include expectation and coordination of fiscal policy, impluse response of government policies, and the presence of positive externality due to government spending.

Author : American Council for Capital Formation. Center for Policy Research
Publisher : Unknown
Page : 166 pages
File Size : 46,6 Mb
Release : 1995
Category : Business & Economics
ISBN : 1884032036

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Tax Policy and Economic Growth by American Council for Capital Formation. Center for Policy Research Pdf

Author : Mr.Daniel Leigh,Mr.Andrea Pescatori,Mr.Jaime Guajardo
Publisher : International Monetary Fund
Page : 41 pages
File Size : 44,5 Mb
Release : 2011-07-01
Category : Business & Economics
ISBN : 9781455294695

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Expansionary Austerity New International Evidence by Mr.Daniel Leigh,Mr.Andrea Pescatori,Mr.Jaime Guajardo Pdf

This paper investigates the short-term effects of fiscal consolidation on economic activity in OECD economies. We examine the historical record, including Budget Speeches and IMFdocuments, to identify changes in fiscal policy motivated by a desire to reduce the budget deficit and not by responding to prospective economic conditions. Using this new dataset, our estimates suggest fiscal consolidation has contractionary effects on private domestic demand and GDP. By contrast, estimates based on conventional measures of the fiscal policy stance used in the literature support the expansionary fiscal contractions hypothesis but appear to be biased toward overstating expansionary effects.