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The process of fiscal consolidation and the need to step up the poor long term economic performance provide an opportunity to implement tax measures to improve efficiency and rebalance the economy. As consolidation progresses, switching taxes from labour to consumption and property offers an...
Persistent link: https://www.econbiz.de/10008726893
In 2008, the Czech government implemented a major overhaul of the personal income tax (PIT), replacing the previous progressive rate schedule with a single 15% rate levied on an enlarged base. This was accompanied by significant changes to the corporate income tax (CIT) and an increase in the...
Persistent link: https://www.econbiz.de/10008498306
Tax reform is an urgent priority, as Japan needs as much as 5% to 6% of GDP of additional government revenue just to stabilise public debt, which has risen to 180% of GDP. In addition to raising revenue, tax reform should promote economic growth, address the deterioration in income distribution...
Persistent link: https://www.econbiz.de/10005045634
Korea has one of the lowest tax burdens in the OECD area, reflecting its small public sector. However, rapid population ageing will put upward pressure on government spending. The challenge is to meet the long-run need for greater expenditures and tax revenue while sustaining strong economic...
Persistent link: https://www.econbiz.de/10005045955
The Polish tax system is characterised by high social security contributions for both employers and employees. As a result, Poland has one of the highest tax wedges in the OECD, despite relatively low personal income tax rates. This, combined with a relatively high minimum wage and generous...
Persistent link: https://www.econbiz.de/10005046187
examination of a different factor affecting firm productivity - innovation, ICT usage, on-the-job-training, firm age, access to … Innovation Dynamics and Productivity: Evidence for Latin America -- 3 Innovative Activity in the Caribbean: Drivers, Benefits …, and Obstacles -- 4 ICT, Innovation and Productivity: Evidence from Firms in Latin America and the Caribbean -- 5 On …
Persistent link: https://www.econbiz.de/10012400545
, innovative property and economic competencies – has been rising significantly. This has implications for innovation and … role for innovation policies to raise private investment in KBC towards socially optimal levels. Indeed, R&D tax incentives … between the incentives to innovate and the broad diffusion of knowledge.<P>Actifs intellectuels, innovation et mobilité des …
Persistent link: https://www.econbiz.de/10011276729
This paper discusses how to improve Canada’s business innovation in order to boost labour productivity and output … growth. Many general framework conditions are highly favourable to business risk-taking and innovation, including macro … should be on boosting manager and worker skills that are intrinsic to all forms of innovation, by filling gaps in training …
Persistent link: https://www.econbiz.de/10011276823
While Korea remains one of the fastest-growing OECD economies, its potential growth rate per capita is projected to decelerate from around 4% during the current decade to around 2¼ per cent during the 2030s. Sustaining growth requires policies to mitigate the impact of rapid population ageing...
Persistent link: https://www.econbiz.de/10011276834
– proxied by R&D expenditure and the number of new patents – across 19 OECD countries. The relationship between innovation … these measures of innovation intensity and MFP growth. Innovation-specific policies such as R&D tax incentives, direct … forthcoming. A pervasive theme from the analysis is the importance of coupling policies aimed at encouraging innovation or …
Persistent link: https://www.econbiz.de/10011276845