How Buoyant is the Tax System? New Evidence from a Large Heterogeneous Panel

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1475569793
Total Pages : 33 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis How Buoyant is the Tax System? New Evidence from a Large Heterogeneous Panel by : Mr.Paolo Dudine

Download or read book How Buoyant is the Tax System? New Evidence from a Large Heterogeneous Panel written by Mr.Paolo Dudine and published by International Monetary Fund. This book was released on 2017-01-19 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper we provide short- and long-run tax buoyancy estimates for 107 countries (distributed between advanced, emerging and low-income) for the period 1980–2014. By means of Fully-Modified OLS and (Pooled) Mean Group estimators, we find that: i) for advanced economies both long-run and short-run buoyancies are not different from one; ii) long run tax buoyancy exceeds one in the case of CIT for advanced economies, PIT and SSC in emerging markets, and TGS for low income countries, iii) in advanced countries (emerging market economies) CIT (CIT and TGS) buoyancy is larger during contractions than during times of economic expansions; iv) both trade openness and human capital increase buoyancy while inflation and output volatility decrease it.

Revenue Statistics 2021 The Initial Impact of COVID-19 on OECD Tax Revenues

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264567356
Total Pages : 357 pages
Book Rating : 4.2/5 (645 download)

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Book Synopsis Revenue Statistics 2021 The Initial Impact of COVID-19 on OECD Tax Revenues by : OECD

Download or read book Revenue Statistics 2021 The Initial Impact of COVID-19 on OECD Tax Revenues written by OECD and published by OECD Publishing. This book was released on 2021-12-06 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: This annual publication gives a conceptual framework to define which government receipts should be regarded as taxes. It presents a unique set of detailed and internationally comparable tax data in a common format for all OECD countries from 1965 onwards.

A Deep Dive Into Tax Buoyancy: Comparing Estimation Techniques in a Large Heterogeneous Panel

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 72 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis A Deep Dive Into Tax Buoyancy: Comparing Estimation Techniques in a Large Heterogeneous Panel by : Antoine Cornevin

Download or read book A Deep Dive Into Tax Buoyancy: Comparing Estimation Techniques in a Large Heterogeneous Panel written by Antoine Cornevin and published by International Monetary Fund. This book was released on 2023-03-17 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides new empirical evidence on tax buoyancy (tax revenues responsiveness to changes in economic activity) over the period 1990-2020 using a large panel of 185 countries. This study compares short-term and long-term buoyancy coefficients for total tax revenues and different individual taxes by reviewing and contrasting a range of estimators. Our results broadly confirm the main body of the literature on long-term buoyancy hovering around one. We find evidence of lower estimates for short-term buoyancy relative to previous literature, suggesting a limited automatic stabilization power of taxes. As a robustness exercise, in addition to changes in tax rates, we introduce novel control variables for tax exemptions and bases to disentangle discretionary from automatic tax revenue changes. The marginal changes in the results when controlling for policy actions suggest that, on average, the economic cycle does not necessarily influence tax reforms.

Revenue Statistics 2023 Tax Revenue Buoyancy in OECD Countries

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264988637
Total Pages : 366 pages
Book Rating : 4.2/5 (649 download)

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Book Synopsis Revenue Statistics 2023 Tax Revenue Buoyancy in OECD Countries by : OECD

Download or read book Revenue Statistics 2023 Tax Revenue Buoyancy in OECD Countries written by OECD and published by OECD Publishing. This book was released on 2023-12-06 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: This annual publication gives a conceptual framework to define which government receipts should be regarded as taxes. It presents a unique set of detailed and internationally comparable tax data in a common format for all OECD countries from 1965 onwards. This year’s edition includes a special feature on tax revenue buoyancy in OECD countries.

Revenue Statistics in Asia and the Pacific 2024 Tax Revenue Buoyancy in Asia

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264684549
Total Pages : 220 pages
Book Rating : 4.2/5 (646 download)

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Book Synopsis Revenue Statistics in Asia and the Pacific 2024 Tax Revenue Buoyancy in Asia by : OECD

Download or read book Revenue Statistics in Asia and the Pacific 2024 Tax Revenue Buoyancy in Asia written by OECD and published by OECD Publishing. This book was released on 2024-06-25 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This annual publication compiles comparable tax revenue statistics for 36 economies. Additionally, it provides information on non-tax revenues for 22 of the 36 economies. This eleventh edition of the report includes a special feature on tax revenue buoyancy in Asia.

Tax Policy Reforms 2022 OECD and Selected Partner Economies

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264600574
Total Pages : 143 pages
Book Rating : 4.2/5 (646 download)

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Book Synopsis Tax Policy Reforms 2022 OECD and Selected Partner Economies by : OECD

Download or read book Tax Policy Reforms 2022 OECD and Selected Partner Economies written by OECD and published by OECD Publishing. This book was released on 2022-09-21 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the seventh edition of Tax Policy Reforms: OECD and Selected Partner Economies, an annual publication that provides comparative information on tax reforms across countries and tracks tax policy developments over time. The report covers the tax policy reforms introduced or announced in 71 member jurisdictions of the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting, including all OECD countries, for the 2021 calendar year. In addition to providing an overview of tax policy reforms, and the macroeconomic and tax revenue context in which measures were introduced, the report also contains a Special Feature that examines government responses to rising energy prices and offers some policy recommendations in the event that prices remain high.

Fiscal Sustainability of Health Systems How to Finance More Resilient Health Systems When Money Is Tight?

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264394877
Total Pages : 207 pages
Book Rating : 4.2/5 (643 download)

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Book Synopsis Fiscal Sustainability of Health Systems How to Finance More Resilient Health Systems When Money Is Tight? by : OECD

Download or read book Fiscal Sustainability of Health Systems How to Finance More Resilient Health Systems When Money Is Tight? written by OECD and published by OECD Publishing. This book was released on 2024-01-11 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication explores the policy options to finance more resilient health systems whilst maintaining fiscal sustainability. It finds that the scale of the additional health financing needs requires ambitious and transformative policy changes.

Macroeconomics for Development

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Author :
Publisher : Edward Elgar Publishing
ISBN 13 : 1788977866
Total Pages : 171 pages
Book Rating : 4.7/5 (889 download)

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Book Synopsis Macroeconomics for Development by : Raghbendra Jha

Download or read book Macroeconomics for Development written by Raghbendra Jha and published by Edward Elgar Publishing. This book was released on 2023-01-13 with total page 171 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing a broad overview of the impact of COVID-19 on economic development, this timely book examines closely the macroeconomic aspects of economic development and the design of monetary policies under extreme crises.

Spain

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 51 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Spain by : International Monetary

Download or read book Spain written by International Monetary and published by International Monetary Fund. This book was released on 2024-06-06 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: Selected Issues

Greece

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484311213
Total Pages : 127 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Greece by : International Monetary Fund. European Dept.

Download or read book Greece written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2017-07-20 with total page 127 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses Greece’s Request for Stand-By Arrangement (SBA). The program will be narrowly focused on policies that can help restore macroeconomic stability in the medium run and facilitate market access in Greece. It seeks to provide breathing space to mobilize broad political support for the deeper structural reforms needed for Greece to liberalize its economy and prosper within the euro area in the long term. The program will also provide a framework for Greece’s European partners to deliver debt relief to restore Greece’s debt sustainability.

IMF Research Bulletin, Summer 2017

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1484315294
Total Pages : 19 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis IMF Research Bulletin, Summer 2017 by : International Monetary Fund. Research Dept.

Download or read book IMF Research Bulletin, Summer 2017 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2017-08-11 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Summer 2017 issue of the IMF Research Bulletin highlights new research such as recent IMF Working Papers and Staff Discussion Notes. The Research Summaries are “Structural Reform Packages, Sequencing, and the Informal Economy (by Zsuzsa Munkacsi and Magnus Saxegaard) and “A Broken Social Contract, Not High Inequality Led to the Arab Spring” (by Shantayanan Devarajan and Elena Ianchovichina). The Q&A section features “Seven Questions on Fintech” (by Tommaso Mancini-Griffoli). The Bulletin also includes information on recommended titles from IMF Publications and the latest articles from the IMF Economic Review.

Tax Buoyancy in OECD Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498305075
Total Pages : 18 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Tax Buoyancy in OECD Countries by : Vincent Belinga

Download or read book Tax Buoyancy in OECD Countries written by Vincent Belinga and published by International Monetary Fund. This book was released on 2014-06-19 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: By how much will faster economic growth boost government revenue? This paper estimates short- and long-run tax buoyancy in OECD countries between 1965 and 2012. We find that, for aggregate tax revenues, short-run tax buoyancy does not significantly differ from one in the majority of countries; yet, it has increased since the late 1980s so that tax systems have generally become better automatic stabilizers. Long-run buoyancy exceeds one in about half of the OECD countries, implying that GDP growth has helped improve structural fiscal deficit ratios. Corporate taxes are by far the most buoyant, while excises and property taxes are the least buoyant. For personal income taxes and social contributions, short- and long-run buoyancies have declined since the late 1980s and have, on average, become lower than one.

Rethinking Fiscal Policy for the Arab Region

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Author :
Publisher :
ISBN 13 :
Total Pages : 140 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Rethinking Fiscal Policy for the Arab Region by :

Download or read book Rethinking Fiscal Policy for the Arab Region written by and published by . This book was released on 2018 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Fiscal Policy and Long-Term Growth

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498344658
Total Pages : 257 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Fiscal Policy and Long-Term Growth by : International Monetary Fund

Download or read book Fiscal Policy and Long-Term Growth written by International Monetary Fund and published by International Monetary Fund. This book was released on 2015-04-20 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper explores how fiscal policy can affect medium- to long-term growth. It identifies the main channels through which fiscal policy can influence growth and distills practical lessons for policymakers. The particular mix of policy measures, however, will depend on country-specific conditions, capacities, and preferences. The paper draws on the Fund’s extensive technical assistance on fiscal reforms as well as several analytical studies, including a novel approach for country studies, a statistical analysis of growth accelerations following fiscal reforms, and simulations of an endogenous growth model.

Key Aspects of Macroprudential Policy - Background Paper

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498341713
Total Pages : 64 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Key Aspects of Macroprudential Policy - Background Paper by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Key Aspects of Macroprudential Policy - Background Paper written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2013-10-06 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The countercyclical capital buffer (CCB) was proposed by the Basel committee to increase the resilience of the banking sector to negative shocks. The interactions between banking sector losses and the real economy highlight the importance of building a capital buffer in periods when systemic risks are rising. Basel III introduces a framework for a time-varying capital buffer on top of the minimum capital requirement and another time-invariant buffer (the conservation buffer). The CCB aims to make banks more resilient against imbalances in credit markets and thereby enhance medium-term prospects of the economy—in good times when system-wide risks are growing, the regulators could impose the CCB which would help the banks to withstand losses in bad times.

Revenue Mobilization in Developing Countries

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498339247
Total Pages : 86 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Revenue Mobilization in Developing Countries by : International Monetary Fund. Fiscal Affairs Dept.

Download or read book Revenue Mobilization in Developing Countries written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2011-08-03 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund has long played a lead role in supporting developing countries’ efforts to improve their revenue mobilization. This paper draws on that experience to review issues and good practice, and to assess prospects in this key area.

World Economic Outlook, April 2016

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498398588
Total Pages : 230 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis World Economic Outlook, April 2016 by : International Monetary Fund. Research Dept.

Download or read book World Economic Outlook, April 2016 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2016-04-12 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: Major macroeconomic realignments are affecting prospects differentially across the world’s countries and regions. The April 2016 WEO examines the causes and implications of these realignments—including the slowdown and rebalancing in China, a further decline in commodity prices, a related slowdown in investment and trade, and declining capital flows to emerging market and developing economies—which are generating substantial uncertainty and affecting the outlook for the global economy. Additionally, analytical chapters examine the slowdown in capital flows to emerging market economies since their 2010 peak—its main characteristics, how it compares with past slowdowns, the factors that are driving it, and whether exchange rate flexibility has changed the dynamics of the capital inflow cycle—and assess whether product and labor market reforms can improve the economic outlook in advanced economies, looking at the recent evolution and scope for further reform, the channels through which reforms affect economic activity under strong versus weak economic conditions, reforms’ short- to medium-term macroeconomic effects, and sequencing of reforms and coordination with other policies to maximize their potential quantitative economic benefits. A special feature analyzes in depth the energy transition in an era of low fossil fuel prices.