LCmexL426_en.pdf
... loosening balance-of-paym ents constraints and prom oting high em ploym ent levels. W ithin this strategy, the prom otion o f national and foreign investm ent became a national priority.3 The initial results w ere impressive. The economy registered on average a 12% rate of growth between 1970 and 19 ...
... loosening balance-of-paym ents constraints and prom oting high em ploym ent levels. W ithin this strategy, the prom otion o f national and foreign investm ent became a national priority.3 The initial results w ere impressive. The economy registered on average a 12% rate of growth between 1970 and 19 ...
Budgeting smarter, not harder - Centre for Policy Development
... rise at a much faster rate – a trend that, along with broader costs growth in the health system, will continue to be a key driver of longer-term fiscal pressures in Australia and many other advanced economies. It lowers projected Commonwealth outlays by assuming costs over and above inflation can an ...
... rise at a much faster rate – a trend that, along with broader costs growth in the health system, will continue to be a key driver of longer-term fiscal pressures in Australia and many other advanced economies. It lowers projected Commonwealth outlays by assuming costs over and above inflation can an ...
Optimal design of new generation Fiscal Rules: coping with the
... volatility. More recently, several papers detect no evidence that fiscal rules amplify economic fluctuations (see Gali & Perotti, 2003, for the EMU countries, Fatas & Mihov, 2006, for the USA, and Badinger, 2009, for the OECD countries). Schunk and Woodward (2005) at the states level, and Debrun et ...
... volatility. More recently, several papers detect no evidence that fiscal rules amplify economic fluctuations (see Gali & Perotti, 2003, for the EMU countries, Fatas & Mihov, 2006, for the USA, and Badinger, 2009, for the OECD countries). Schunk and Woodward (2005) at the states level, and Debrun et ...
an analysis of donald trump`s revised tax plan
... otherwise because growing budget deficits would push up interest rates and crowd out investment, and the federal debt would increase by $22.1 trillion by 2036. These estimates are sensitive to assumptions about how savings, investment, and labor supply would respond to policy changes such as the Tru ...
... otherwise because growing budget deficits would push up interest rates and crowd out investment, and the federal debt would increase by $22.1 trillion by 2036. These estimates are sensitive to assumptions about how savings, investment, and labor supply would respond to policy changes such as the Tru ...
The Measurement of Impacts of Tax Rates on the Risk Level of
... relationship between transaction cost and price volatility, suggesting that the imposition of a transaction tax could increase financial market fragility, increasing the likelihood of a financial crisis rather than reducing it. Mark (2012) found in some European countries during the crisis raising t ...
... relationship between transaction cost and price volatility, suggesting that the imposition of a transaction tax could increase financial market fragility, increasing the likelihood of a financial crisis rather than reducing it. Mark (2012) found in some European countries during the crisis raising t ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... concept of volatility in market returns in corporate finance. According to White (1983), revenue diversification in government finance relates to the correlation between two or more taxes. In order to reduce revenue fluctuation, a desirable tax structure should include taxes that are not perfectly c ...
... concept of volatility in market returns in corporate finance. According to White (1983), revenue diversification in government finance relates to the correlation between two or more taxes. In order to reduce revenue fluctuation, a desirable tax structure should include taxes that are not perfectly c ...
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... country size is presented as a control variable and the motive for its inclusion is evasive and rarely grounded in theory. With the exception of Slemrod (2004) and Davies and Voget (2008), each study provides a rationale that is different than the one developed in our paper. For instance, Devereux e ...
... country size is presented as a control variable and the motive for its inclusion is evasive and rarely grounded in theory. With the exception of Slemrod (2004) and Davies and Voget (2008), each study provides a rationale that is different than the one developed in our paper. For instance, Devereux e ...
SOCIAL POLICY, SUPPLY-SIDE, AND FUNDAMENTAL REFORM: REPUBLICAN TAX POLICY, 1994-2004
... Armey-style flat tax. During his presidential campaign, Bob Dole proposed a 15 percent income tax rate cut. Dole’s proposal indicated the popularity of tax cutting, but he was unfortunately a poor salesman for tax reduction policies. 1997: Political winds changed in 1997 with both Congress and the p ...
... Armey-style flat tax. During his presidential campaign, Bob Dole proposed a 15 percent income tax rate cut. Dole’s proposal indicated the popularity of tax cutting, but he was unfortunately a poor salesman for tax reduction policies. 1997: Political winds changed in 1997 with both Congress and the p ...
South African Tax Performance: Some Perspective
... standard rate represents a solid performance in tax administration and compliance. For example, the 19 OECD countries with high standard VAT rates (taken as those over 17.5%) collect on average about 8% of GDP at and average standard rate of 21%. It is important to note, however, that all but 2 of t ...
... standard rate represents a solid performance in tax administration and compliance. For example, the 19 OECD countries with high standard VAT rates (taken as those over 17.5%) collect on average about 8% of GDP at and average standard rate of 21%. It is important to note, however, that all but 2 of t ...
The Impact of Piketty`s Wealth Tax on the Poor, the
... taxes (or, rather, what they might be used for) would benefit everyone, except perhaps the very wealthy. But is that true? Would the taxes bring the benefits he promises? Would the side effects be mild? Or would his taxes be injurious? This second question has received less attention than the first, ...
... taxes (or, rather, what they might be used for) would benefit everyone, except perhaps the very wealthy. But is that true? Would the taxes bring the benefits he promises? Would the side effects be mild? Or would his taxes be injurious? This second question has received less attention than the first, ...
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... numbers. Based on this estimate, the authors compare the marginal user cost with the marginal return on infrastructure investments and conclude that infrastructure stocks are underfinanced. The under-provision of infrastructure is likely to reduce growth, as supported by an emerging consensus in the ...
... numbers. Based on this estimate, the authors compare the marginal user cost with the marginal return on infrastructure investments and conclude that infrastructure stocks are underfinanced. The under-provision of infrastructure is likely to reduce growth, as supported by an emerging consensus in the ...
Chapter 18
... Tax cuts can increase aggregate demand with incentives—like the investment tax credit. Tax cuts can increase aggregate supply by increasing the incentive to work and produce g&s. Rapid spending increases may be wasteful (“bridges to nowhere”) and will require future tax increases. © 2012 Cenga ...
... Tax cuts can increase aggregate demand with incentives—like the investment tax credit. Tax cuts can increase aggregate supply by increasing the incentive to work and produce g&s. Rapid spending increases may be wasteful (“bridges to nowhere”) and will require future tax increases. © 2012 Cenga ...
Chapter 23
... Some saving is taxed twice (as corporate income and again as personal income) High tax rates on bequests (up to 55%!!!) Better: replace income tax with a consumption tax to increase the incentive to save. © 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, ...
... Some saving is taxed twice (as corporate income and again as personal income) High tax rates on bequests (up to 55%!!!) Better: replace income tax with a consumption tax to increase the incentive to save. © 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, ...
The Budget Outlook and Options for Fiscal Policy
... The federal budget outlook has deteriorated dramatically over the past 12 months, due to last year’s tax cut, the economic slowdown, and the terrorist attack on September 11, 2001. In addition, several key budget enforcement rules expire at the end of this fiscal year, and recent controversies regar ...
... The federal budget outlook has deteriorated dramatically over the past 12 months, due to last year’s tax cut, the economic slowdown, and the terrorist attack on September 11, 2001. In addition, several key budget enforcement rules expire at the end of this fiscal year, and recent controversies regar ...
Document
... Some saving is taxed twice (as corporate income and again as personal income) High tax rates on bequests (up to 55%!!!) Better: replace income tax with a consumption tax to increase the incentive to save. © 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, ...
... Some saving is taxed twice (as corporate income and again as personal income) High tax rates on bequests (up to 55%!!!) Better: replace income tax with a consumption tax to increase the incentive to save. © 2015 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, ...
part iii: fiscal outlook
... The major revisions to the outyears from the 1998-99 Budget to the PEFO reflect the impact of A New Tax System. Since the PEFO, parameter and other variations have been the major source of changes in the budget outlook. These variations improve the budget balance in 1998-99, but reduce the estimated ...
... The major revisions to the outyears from the 1998-99 Budget to the PEFO reflect the impact of A New Tax System. Since the PEFO, parameter and other variations have been the major source of changes in the budget outlook. These variations improve the budget balance in 1998-99, but reduce the estimated ...
Optimal design of new generation Fiscal Rules: coping with the... and discretionary tax reductions
... volatility. More recently, several papers detect no evidence that fiscal rules amplify economic fluctuations (see Gali & Perotti, 2003, for the EMU countries, Fatas & Mihov, 2006, for the USA, and Badinger, 2009, for the OECD countries). Schunk and Woodward (2005) at the states level, and Debrun et ...
... volatility. More recently, several papers detect no evidence that fiscal rules amplify economic fluctuations (see Gali & Perotti, 2003, for the EMU countries, Fatas & Mihov, 2006, for the USA, and Badinger, 2009, for the OECD countries). Schunk and Woodward (2005) at the states level, and Debrun et ...
Recent Studies Find Raising Taxes on High
... As former CBO and Office of Management and Budget director Peter Orszag has noted, Feldstein’s study overlooked the fact that high-income taxpayers’ incomes were rising substantially for other reasons in the period when the 1986 law was passed.c More broadly, the Feldstein study did not control for ...
... As former CBO and Office of Management and Budget director Peter Orszag has noted, Feldstein’s study overlooked the fact that high-income taxpayers’ incomes were rising substantially for other reasons in the period when the 1986 law was passed.c More broadly, the Feldstein study did not control for ...
Final Exam Project
... the income lost from this tax in other areas, such as an increase in other taxes and by making savings elsewhere. At first this idea seemed crazy, as income tax is the number one source of income for the USA government. However the arguments he presents sound convincing. Countries that have very low ...
... the income lost from this tax in other areas, such as an increase in other taxes and by making savings elsewhere. At first this idea seemed crazy, as income tax is the number one source of income for the USA government. However the arguments he presents sound convincing. Countries that have very low ...
chapter overview
... A critical determinant of investment spending is the expected after-tax return. 3. Lower marginal tax rates may encourage more people to enter the labor force and to work longer. The lower rates should reduce periods of unemployment and raise capital investment, which increases worker productivity. ...
... A critical determinant of investment spending is the expected after-tax return. 3. Lower marginal tax rates may encourage more people to enter the labor force and to work longer. The lower rates should reduce periods of unemployment and raise capital investment, which increases worker productivity. ...
The dual nature of public goods and congestion: the role of fiscal
... utility benefits to users. This argument holds for traditionally defined public consumption goods as well, such as law and order, national parks, defence. While these goods might directly affect the utility consumers derive from them, they can also have significant productivity benefits (by providin ...
... utility benefits to users. This argument holds for traditionally defined public consumption goods as well, such as law and order, national parks, defence. While these goods might directly affect the utility consumers derive from them, they can also have significant productivity benefits (by providin ...
Activist Fiscal Policy to Stabilize Economic Activity
... primarily on the tax side. Of course, the Obama administration has already supported, through its budget proposals, a plan to extend an important part of the stimulus package – the Making Work Pay tax credit. But this proposal dates back to early in the presidential campaign, and so has little if a ...
... primarily on the tax side. Of course, the Obama administration has already supported, through its budget proposals, a plan to extend an important part of the stimulus package – the Making Work Pay tax credit. But this proposal dates back to early in the presidential campaign, and so has little if a ...
The Role of Federal Gasoline Excise Taxes in Public Policy Robert Pirog
... Contacts Author Contact Information............................................................................................................. 9 ...
... Contacts Author Contact Information............................................................................................................. 9 ...
This PDF is a selection from a published volume from... Bureau of Economic Research
... the taxes necessary to finance these programs must be added to their direct costs when evaluating their cost effectiveness. At first blush, these tax distortions may appear to be static in nature (they result in lower economic activity at a point in time), but as Engen and Skinner (1996) have demons ...
... the taxes necessary to finance these programs must be added to their direct costs when evaluating their cost effectiveness. At first blush, these tax distortions may appear to be static in nature (they result in lower economic activity at a point in time), but as Engen and Skinner (1996) have demons ...
Policy Options to narrow NZ’s Saving – Investment Imbalance Anne-Marie Brook
... • Automatic saving default rates are very effective at raising saving rates – Especially for low-income employees • Auto enrolment + matching contributions may be more effective than std tax relief • Signalling and framing effects also important. • Compulsory savings would go a step beyond what this ...
... • Automatic saving default rates are very effective at raising saving rates – Especially for low-income employees • Auto enrolment + matching contributions may be more effective than std tax relief • Signalling and framing effects also important. • Compulsory savings would go a step beyond what this ...
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.