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Against the background of a notoriously high macroeconomic instability and the need to raise tax revenues to meet the … demands of public spending, this paper analyzes the tradeoff between growth and volatility of tax revenues in Latin America … stronger (weaker) to business cycle dynamics. This "tax revenue channel" represents an indirect argument for counter …
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the trade-off between growth and volatility of tax revenues in Latin America. Short-run and long-run elasticities for a …) to business cycle dynamics. Our detailed elasticity estimates can give some orientation on how to stably reach higher tax … levels on the way to develop an adequate internal tax system. …
Persistent link: https://www.econbiz.de/10009791020
Against the background of a notoriously high macroeconomic instability and the need to raise tax revenues to meet the … demands of public spending, this paper analyzes the tradeoff between growth and volatility of tax revenues in Latin America … stronger (weaker) to business cycle dynamics. This “tax revenue channel” represents an indirect argument for counter …
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for all countries of the European Union. We illustrate our novel methodology analysing a hypothetical tax reform for … Belgium. We then evaluate real tax reforms in Italy and Poland. Our approach takes into account the feedback effects resulting … from adjustments in the labor market and the economy‐wide reaction to the tax policy changes. Our results suggest that …
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