natural resources, are important determinants of tax revenue. …

vastly in tax matters, and in ways that are less than fully understood; that the history of ‘big ideas’ in guiding tax …

This paper addresses two fundamental issues in indirect tax design. It first revisits the case for reduced rates on … rate on a broad base†is always good tax policy—may plausibly be large even at a low nominal tax rate and with few …

empirical results or policy conclusions regarding preferred tax instruments or systems. We argue, in fact, that the nature of …

business cycle volatility. A more aggressively countercyclical tax revenue gap rule increases welfare gains by around 50 …

periods. These changes are too large and too sudden to attribute fully to a deterioration in tax administration or to changes … in the traditional determinants of tax levels. The paper argues that they should be attributed mostly to macroeconomic … policies. The paper discusses the connection between tax levels and (a) the real value of the official exchange rate, (b …

With the public finances of many developing and emerging market countries still heavily dependent on trade tax revenues … each dollar of lost trade tax revenue, with signs of close to full recovery when separately identifying episodes in which … trade tax revenues fell. Troublingly, however, revenue recovery has been extremely weak in low-income countries (which are …