tax policy of serbia in the function of developing the economic system
... Global mobility of capital and labour impose the issue of optimal tax structure of all countries. In some countries, direct taxes on income and profits are still dominant, while in other the main source of tax incomes are indirect taxes, primarily value added tax (VAT). Tax system of Serbia is speci ...
... Global mobility of capital and labour impose the issue of optimal tax structure of all countries. In some countries, direct taxes on income and profits are still dominant, while in other the main source of tax incomes are indirect taxes, primarily value added tax (VAT). Tax system of Serbia is speci ...
the use of cyclically adjusted balances at banco de portugal
... LT G and LT P public and private sector labour income taxes, respectively. The sensitivity of labour income to cyclical fluctuations was estimated through the use of grouped data provided by the tax administra(2) There are tax revenue from other sources of income (for instance rents), but they repre ...
... LT G and LT P public and private sector labour income taxes, respectively. The sensitivity of labour income to cyclical fluctuations was estimated through the use of grouped data provided by the tax administra(2) There are tax revenue from other sources of income (for instance rents), but they repre ...
Development Oriented Tax Policy - Academic Commons
... corrective taxes might play, generating revenues as they improve economic efficiency. 5 A case in point is short term capital flows, which have been shown to be a major source of instability in developing countries. Chilean-style taxes on capital inflows can thus play an important role in stabilizin ...
... corrective taxes might play, generating revenues as they improve economic efficiency. 5 A case in point is short term capital flows, which have been shown to be a major source of instability in developing countries. Chilean-style taxes on capital inflows can thus play an important role in stabilizin ...
impact of recession on total revenue of regional governments
... Revenue capacity and exploitation of that capacity determine the fiscally sustainable spending limit, and Russia’s difficulties with conversion to a market-based economy have created some revenue problems. A typical Russian region has one or two strong cities or districts that supply the vast majori ...
... Revenue capacity and exploitation of that capacity determine the fiscally sustainable spending limit, and Russia’s difficulties with conversion to a market-based economy have created some revenue problems. A typical Russian region has one or two strong cities or districts that supply the vast majori ...
NBER WORKING PAPER SERIES INCOME INEQUALITY, TAX BASE AND SOVEREIGN SPREADS
... validity of Gini coefficient as the instrument for TaxBase, Table 2 also reports the first-stage Fstatistics (equation (2)). For the regressions in column (v), the p-value of the first-stage statistics is 0.000, so the Gini coefficients and corruption level are not weak instruments for TaxBase. Beca ...
... validity of Gini coefficient as the instrument for TaxBase, Table 2 also reports the first-stage Fstatistics (equation (2)). For the regressions in column (v), the p-value of the first-stage statistics is 0.000, so the Gini coefficients and corruption level are not weak instruments for TaxBase. Beca ...
THE PATH TO SUSTAINABLE GROWTH
... supply-side effects of tax cuts could be sizeable especially if framed within comprehensive economic reform programmes. To maximise their positive effects the interactions of tax and welfare systems need to be taken into account when designing tax reforms. The BEPG have called for lowering the tax b ...
... supply-side effects of tax cuts could be sizeable especially if framed within comprehensive economic reform programmes. To maximise their positive effects the interactions of tax and welfare systems need to be taken into account when designing tax reforms. The BEPG have called for lowering the tax b ...
What Do Cross-Country Studies Teach about Government
... effects of government,real income would have been relatively higher in recent times, and would have been relatively higher in high-tax countries.It is conceivable that if it were possible to measurewhat real income per capita would be in the presence of minimalgovernment,it would lie above, andbe mo ...
... effects of government,real income would have been relatively higher in recent times, and would have been relatively higher in high-tax countries.It is conceivable that if it were possible to measurewhat real income per capita would be in the presence of minimalgovernment,it would lie above, andbe mo ...
MARKING SCHEME
... should be given for what the candidate writes, rather than adopting the approach of penalising him/her for any omissions. It should be possible for a very good candidate to achieve full marks and a very poor one to achieve zero marks. Marks should not be deducted for a less than perfect answer if it ...
... should be given for what the candidate writes, rather than adopting the approach of penalising him/her for any omissions. It should be possible for a very good candidate to achieve full marks and a very poor one to achieve zero marks. Marks should not be deducted for a less than perfect answer if it ...
Ahmad - Lahore School of Economics
... computation of quarterly advance income tax payments under Section-53 of the Income Tax Ordinance, 1979 through the 1997 Budget. Tax receipts under this head improved by around 104 per cent during 1997-98. On the contrary, reforms i.e. indirect taxes by way of reduction in the maximum tariffs and th ...
... computation of quarterly advance income tax payments under Section-53 of the Income Tax Ordinance, 1979 through the 1997 Budget. Tax receipts under this head improved by around 104 per cent during 1997-98. On the contrary, reforms i.e. indirect taxes by way of reduction in the maximum tariffs and th ...
fiscal policy
... changes are easiest to demonstrate the multiplier effect, the multiplier principle is the same regardless of who initiates the injection. Discuss how each change in spending affects the economy. You might want to discuss whether the changes are targeted for the local, state, or national economy. Use ...
... changes are easiest to demonstrate the multiplier effect, the multiplier principle is the same regardless of who initiates the injection. Discuss how each change in spending affects the economy. You might want to discuss whether the changes are targeted for the local, state, or national economy. Use ...
the looming crisis in business investment
... of the October 2016 RBA Board meeting stated: ‘Growth had been broadly based and supported by strong growth in public demand. However, nonmining investment had been little changed over the past few years even though survey measures of business conditions and capacity utilisation had remained above t ...
... of the October 2016 RBA Board meeting stated: ‘Growth had been broadly based and supported by strong growth in public demand. However, nonmining investment had been little changed over the past few years even though survey measures of business conditions and capacity utilisation had remained above t ...
Residential property prices to hike between 1% and 2% post-GST
... briefings on the Goods and Services Tax (GST) to be continued for another year after its scheduled implementation on April 1, saying some young entrepreneurs are still not fully conversant with the new tax regime. “We are proposing that the briefings be continued for at least another year to benefit ...
... briefings on the Goods and Services Tax (GST) to be continued for another year after its scheduled implementation on April 1, saying some young entrepreneurs are still not fully conversant with the new tax regime. “We are proposing that the briefings be continued for at least another year to benefit ...
Formation of Fiscal Policy: The Experience of the Past Twenty
... classes, raising taxes on capital income—the type of income most concentrated at the top—to offset the substantial reduction in top marginal tax rates. In doing so, it made use of an unfortunate tax policy innovation—the “phase-out”—that has come to plague our tax system in the years since. In that ...
... classes, raising taxes on capital income—the type of income most concentrated at the top—to offset the substantial reduction in top marginal tax rates. In doing so, it made use of an unfortunate tax policy innovation—the “phase-out”—that has come to plague our tax system in the years since. In that ...
Taylor Economics Chapter 32 Test Bank
... 21. A government annually allocates $5 billion of its total tax revenue to weather related disaster relief, $21 billion to healthcare and $11 billion to education. If the government's quarterly tax revenue is $33 billion, what percentage of its budget is allocated annually to healthcare? A. 17.50% B ...
... 21. A government annually allocates $5 billion of its total tax revenue to weather related disaster relief, $21 billion to healthcare and $11 billion to education. If the government's quarterly tax revenue is $33 billion, what percentage of its budget is allocated annually to healthcare? A. 17.50% B ...
Federal Fiscal Policy Since the Employment Act oif 1946
... existing ones, some congressional action is required. After examirilng the tax and expenditure policies sep.. arateIy~the two are combined to assess overall fiscal policy. ...
... existing ones, some congressional action is required. After examirilng the tax and expenditure policies sep.. arateIy~the two are combined to assess overall fiscal policy. ...
Why Do Americans Work So Much More Than Europeans?
... worked per person aged 15–64 in the taxed market sector. The two principal margins of work effort are hours actually worked by employees and the fraction of the working-age population that works. Paid vacations, sick leave, and holidays are hours of nonworking time. Time spent working in the undergr ...
... worked per person aged 15–64 in the taxed market sector. The two principal margins of work effort are hours actually worked by employees and the fraction of the working-age population that works. Paid vacations, sick leave, and holidays are hours of nonworking time. Time spent working in the undergr ...
Why Do Americans Work So Much More Than Europeans?
... Americans, that is, residents of the United States, now work much more than do Europeans. Using labor market statistics from the Organisation for Economic Co-operation and Development, I find that Americans on a per person aged 15-64 basis work in the market sector 50 percent more than do the Frenc ...
... Americans, that is, residents of the United States, now work much more than do Europeans. Using labor market statistics from the Organisation for Economic Co-operation and Development, I find that Americans on a per person aged 15-64 basis work in the market sector 50 percent more than do the Frenc ...
Ch13 11e Lecture Presentation
... Figure 13.2 shows the government’s receipts, outlays, and budget balance as a percentage of GDP. The budget deficit peaked at almost 12 percent of GDP in 2010. The previous peak was 6 percent in 1983. The deficit declined through 1989 but climbed again during the 1990–1991 recession and then began t ...
... Figure 13.2 shows the government’s receipts, outlays, and budget balance as a percentage of GDP. The budget deficit peaked at almost 12 percent of GDP in 2010. The previous peak was 6 percent in 1983. The deficit declined through 1989 but climbed again during the 1990–1991 recession and then began t ...
Chapter 13 - Aufinance
... Figure 13.2 shows the government’s receipts, outlays, and budget balance as a percentage of GDP. The budget deficit peaked at almost 12 percent of GDP in 2010. The previous peak was 6 percent in 1983. The deficit declined through 1989 but climbed again during the 1990–1991 recession and then began t ...
... Figure 13.2 shows the government’s receipts, outlays, and budget balance as a percentage of GDP. The budget deficit peaked at almost 12 percent of GDP in 2010. The previous peak was 6 percent in 1983. The deficit declined through 1989 but climbed again during the 1990–1991 recession and then began t ...
Chapter 7 Problem 2 - the School of Economics and Finance
... c) How much government revenue will this tax generate each week? If the revenue is used to offset other taxes paid by participants in this market, what will be their net reduction in total economic surplus? A pre-unit tax of $2 will generate a tax revenue of $4,000/wk ($2 ...
... c) How much government revenue will this tax generate each week? If the revenue is used to offset other taxes paid by participants in this market, what will be their net reduction in total economic surplus? A pre-unit tax of $2 will generate a tax revenue of $4,000/wk ($2 ...
Balancing New York State`s 2004-2005 Budget in an Economically
... In 1989, the Governor and the Legislature, despite or perhaps because of the state’s fiscal problems and its weakening economy, insisted on going forward with the third phase of the large, multi-year personal income tax cut that had been enacted in 1987. Despite the claims that some advocates make r ...
... In 1989, the Governor and the Legislature, despite or perhaps because of the state’s fiscal problems and its weakening economy, insisted on going forward with the third phase of the large, multi-year personal income tax cut that had been enacted in 1987. Despite the claims that some advocates make r ...
Welfare gains from the adoption of proportional taxation
... to increase capital accumulation, thus enhancing the productive capacity of the economy. The resulting increase in output then allows for higher consumption possibilities, which directly translate into significant welfare gains. As in Vasilev (2015), the model in this paper will abstract away from c ...
... to increase capital accumulation, thus enhancing the productive capacity of the economy. The resulting increase in output then allows for higher consumption possibilities, which directly translate into significant welfare gains. As in Vasilev (2015), the model in this paper will abstract away from c ...
Capital Taxation During the US Great Depression
... the U.S. tax code were not enacted until the Revenue Act of 1932. However, as early as February 1930, President Hoover projected large tax increases if members of Congress enacted their proposed spending projects. Theoretically, anticipated tax increases on future distributions lead to increases in ...
... the U.S. tax code were not enacted until the Revenue Act of 1932. However, as early as February 1930, President Hoover projected large tax increases if members of Congress enacted their proposed spending projects. Theoretically, anticipated tax increases on future distributions lead to increases in ...
Capital Taxation During the US Great Depression
... the U.S. tax code were not enacted until the Revenue Act of 1932. However, as early as February 1930, President Hoover projected large tax increases if members of Congress enacted their proposed spending projects. Theoretically, anticipated tax increases on future distributions lead to increases in ...
... the U.S. tax code were not enacted until the Revenue Act of 1932. However, as early as February 1930, President Hoover projected large tax increases if members of Congress enacted their proposed spending projects. Theoretically, anticipated tax increases on future distributions lead to increases in ...
Macroeconomics, 6e (Abel et al.) Chapter 15 Government
... 12) An increase in the marginal tax rate, with the average tax rate held constant, will A) increase the amount of labor supplied at any real wage. B) not affect the amount of labor supplied at any real wage. C) decrease the amount of labor supplied at any real wage. D) increase the amount o ...
... 12) An increase in the marginal tax rate, with the average tax rate held constant, will A) increase the amount of labor supplied at any real wage. B) not affect the amount of labor supplied at any real wage. C) decrease the amount of labor supplied at any real wage. D) increase the amount o ...
Supply-side economics
Supply-side economics is a school of macroeconomics which argues that economic growth can be most effectively created by investing in capital, and by lowering barriers on the production of goods and services. According to supply-side economics, consumers will then benefit from a greater supply of goods and services at lower prices; furthermore, the investment and expansion of businesses will increase the demand for employees and therefore create jobs. Typical policy recommendations of supply-side economists are lower marginal tax rates and less regulation.The term ""supply-side economics"" was thought, for some time, to have been coined by journalist Jude Wanniski in 1975, but according to Robert D. Atkinson's Supply-Side Follies, the term ""supply side"" (""supply-side fiscalists"") was first used by Herbert Stein, a former economic adviser to President Nixon, in 1976, and only later that year was this term repeated by Jude Wanniski. Its use connotes the ideas of economists Robert Mundell and Arthur Laffer. Supply-side economics is likened by critics to ""trickle-down economics,"" a rhetorical term which is not an economic theory.The Laffer curve illustrates a central theory of supply-side economics, that lowering tax rates may have a positive impact on work, output, and employment and generate more government revenue than would otherwise be expected at the lower tax rate due to the tax cut's economic effect. However, the Laffer curve only measures the rate of taxation, not tax incidence, which is a stronger predictor of whether a tax code change is stimulative or dampening. In addition, studies have shown that tax cuts seldom recoup revenue losses and have minimal impact on GDP growth.