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mode of taxation affects the present value of disposable income in the private sector. This violates their Barro …
Persistent link: https://www.econbiz.de/10010308120
In this paper, the economic impact of the 2006–2008 personal income tax (PIT) reform in Lithuania is analyzed applying model-based simulations. We find that the undertaken PIT reform is unsustainable as it leads to permanent government budget deficits and ever increasing public debt. This...
Persistent link: https://www.econbiz.de/10005827653