Cyclicality in the Fiscal Policy of Nepal
... Sound and sustainable government finance is necessary for promoting economic growth and stability. It is an ingredient for poverty reduction too (IMF, 2006). Fiscal adjustment is the key to achieve sound and sustainable fiscal position. It may involve either tightening or loosening the fiscal stance ...
... Sound and sustainable government finance is necessary for promoting economic growth and stability. It is an ingredient for poverty reduction too (IMF, 2006). Fiscal adjustment is the key to achieve sound and sustainable fiscal position. It may involve either tightening or loosening the fiscal stance ...
The Effect of Political and Economic Factors on Corporate Tax Rates
... Investment decisions’ sensitivity to tax rates is well known among academics and policy makers. As a consequence countries are lowering their tax rates in order to retain and attract investments (see e.g., Devereux et al., 2008, Wilson, 1999, Wilson & Wildasin, 2004, Wildasin 1988). This so called t ...
... Investment decisions’ sensitivity to tax rates is well known among academics and policy makers. As a consequence countries are lowering their tax rates in order to retain and attract investments (see e.g., Devereux et al., 2008, Wilson, 1999, Wilson & Wildasin, 2004, Wildasin 1988). This so called t ...
Canada`s Looming Fiscal Squeeze - Macdonald
... in turn requires either spending reductions or increases in tax revenues. In the hypothetical situation in which future governments do not make any adjustments in spending or taxation but instead merely increase their borrowing, Canada’s net public debt is projected to increase by between 25 and 50 ...
... in turn requires either spending reductions or increases in tax revenues. In the hypothetical situation in which future governments do not make any adjustments in spending or taxation but instead merely increase their borrowing, Canada’s net public debt is projected to increase by between 25 and 50 ...
Fiscal Volatility Shocks and Economic Activity
... was little consensus among policymakers about the fiscal mix and timing going forward.2 In this paper, we investigate whether this increased uncertainty about fiscal policy has a detrimental impact on economic activity (following the literature, we use the term “uncertainty” as shorthand for what wo ...
... was little consensus among policymakers about the fiscal mix and timing going forward.2 In this paper, we investigate whether this increased uncertainty about fiscal policy has a detrimental impact on economic activity (following the literature, we use the term “uncertainty” as shorthand for what wo ...
NBER WORKING PAPER SERIES A QUANTITATIVE ANALYSIS OF TAX COMPETITION
... can be used to attract internationally mobile factors of production. The payoffs assigned to strategic tax cuts reflect the welfare effects induced by the cross-country relocation of mobile factors and its impact on the present discounted value of national income and the long-run stocks of physical ...
... can be used to attract internationally mobile factors of production. The payoffs assigned to strategic tax cuts reflect the welfare effects induced by the cross-country relocation of mobile factors and its impact on the present discounted value of national income and the long-run stocks of physical ...
Cyclicality in the Fiscal Policy of Nepal
... Sound and sustainable government finance is necessary for promoting economic growth and stability. It is an ingredient for poverty reduction too (IMF, 2006). Fiscal adjustment is the key to achieve sound and sustainable fiscal position. It may involve either tightening or loosening the fiscal stance ...
... Sound and sustainable government finance is necessary for promoting economic growth and stability. It is an ingredient for poverty reduction too (IMF, 2006). Fiscal adjustment is the key to achieve sound and sustainable fiscal position. It may involve either tightening or loosening the fiscal stance ...
Interjurisdiction Political Competition and Fiscal Extraction in China
... This tax-sharing scheme has undergone several revisions since 1994. For example, taxes and revenues from stateowned enterprises controlled by local governments began sharing tax revenue between central and local governments in 2002. Agricultural taxes were abolished in 2004. The central government’s ...
... This tax-sharing scheme has undergone several revisions since 1994. For example, taxes and revenues from stateowned enterprises controlled by local governments began sharing tax revenue between central and local governments in 2002. Agricultural taxes were abolished in 2004. The central government’s ...
Nivedita Mukherji and Fuad Hasanov
... it appears sensible to assume that a proprietory state would be interested in maximizing tax revenue net of some minimal productive services it must provide, the paper finds that the factors that contribute to informality do not necessarily increase net revenue. This suggests that if one needs to un ...
... it appears sensible to assume that a proprietory state would be interested in maximizing tax revenue net of some minimal productive services it must provide, the paper finds that the factors that contribute to informality do not necessarily increase net revenue. This suggests that if one needs to un ...
Second-best optimal taxation of capital and labor in a developing
... revenue. To capture this feature of developing economies, we simply assume that all traditional sector activities are informal, and consequently non-taxable by the government. Depending on the country, estimates of the proportion of the male non-agricultural labor force that work in the informal sec ...
... revenue. To capture this feature of developing economies, we simply assume that all traditional sector activities are informal, and consequently non-taxable by the government. Depending on the country, estimates of the proportion of the male non-agricultural labor force that work in the informal sec ...
Tax Reform and Resource Mobilization for Health
... double burden of communicable and noncommunicable diseases rises,2 countries are under increasing pressure to mobilize more domestic resources for health. Increasing government resources can be accomplished via a variety of strategies including borrowing, benefiting from increases in GDP, and reform ...
... double burden of communicable and noncommunicable diseases rises,2 countries are under increasing pressure to mobilize more domestic resources for health. Increasing government resources can be accomplished via a variety of strategies including borrowing, benefiting from increases in GDP, and reform ...
Asymmetric Fiscal Policy Shocks
... with the conduct of fiscal policy. In doing so, we try to detect two types of fiscal policy asymmetries: first, whether equal in magnitude contractionary or expansionary fiscal shocks have the same multiplier impact on real output, and second whether theoretically equal –in terms of their impact on ...
... with the conduct of fiscal policy. In doing so, we try to detect two types of fiscal policy asymmetries: first, whether equal in magnitude contractionary or expansionary fiscal shocks have the same multiplier impact on real output, and second whether theoretically equal –in terms of their impact on ...
VAT Implementation September 1,2012
... Customs documentation relating to imports and exports; Accounting records relating to taxable activities carried on in Saint Lucia; Other business records. Penalties are applicable for failing to maintain proper records. ...
... Customs documentation relating to imports and exports; Accounting records relating to taxable activities carried on in Saint Lucia; Other business records. Penalties are applicable for failing to maintain proper records. ...
Upload paper - Harvard University
... multipliers for spending, wage taxes and consumption taxes in a standard New-Keynsian model. Fourth, by showing that within this framework the persistence of fiscal measures explains the heterogeneity in the output effect of different fiscal components. We identify exogenous shifts in each fiscal va ...
... multipliers for spending, wage taxes and consumption taxes in a standard New-Keynsian model. Fourth, by showing that within this framework the persistence of fiscal measures explains the heterogeneity in the output effect of different fiscal components. We identify exogenous shifts in each fiscal va ...
ruh03-schoeb 222944 en
... the unionised sector is lower than the cost (=revenue) share of capital in the competitive sector. A capital subsidy should be granted if the opposite relationship between the revenue shares of capital holds. In that case the indirect positive effect of the capital tax rate via the outside option is ...
... the unionised sector is lower than the cost (=revenue) share of capital in the competitive sector. A capital subsidy should be granted if the opposite relationship between the revenue shares of capital holds. In that case the indirect positive effect of the capital tax rate via the outside option is ...
86 ESCAP PHOTO
... To address these problems, some 12 countries in Asia and the Pacific are implementing subsidy reforms. To offset the impact of phasing out of subsidies for the poor, Governments may opt to have compensatory policies, such as cash transfers. Indonesia and Malaysia, for example, are reducing fuel and ...
... To address these problems, some 12 countries in Asia and the Pacific are implementing subsidy reforms. To offset the impact of phasing out of subsidies for the poor, Governments may opt to have compensatory policies, such as cash transfers. Indonesia and Malaysia, for example, are reducing fuel and ...
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... and services plus excise taxes6/ The total revenue from indirect taxation is equal, by definition, to the difference between the nominal value of aggregate consumption at pm-tax and post-tax prices. The denominator is the base of the consumption tax, which is the pm-tax value of consumption. The lat ...
... and services plus excise taxes6/ The total revenue from indirect taxation is equal, by definition, to the difference between the nominal value of aggregate consumption at pm-tax and post-tax prices. The denominator is the base of the consumption tax, which is the pm-tax value of consumption. The lat ...
Foreign Aid and Revenue: Still a Crowding Out Effect?
... substitute for domestic revenue would be a rational choice, particularly if domestic revenue is distortionary. In the more general case where government decisions and aid are endogenous, the interaction between donors and recipient countries can affect the nature of the equilibrium. For instance, a ...
... substitute for domestic revenue would be a rational choice, particularly if domestic revenue is distortionary. In the more general case where government decisions and aid are endogenous, the interaction between donors and recipient countries can affect the nature of the equilibrium. For instance, a ...
Macroeconomic and Welfare Costs of US Fiscal Imbalances
... federal debt at a low level more than compensate the welfare losses associated with the consolidation period. Our results also suggest that the crowding-out effects of public debt are an order of magnitude bigger than the policy mix effects: Reducing promptly the level of public debt is significantl ...
... federal debt at a low level more than compensate the welfare losses associated with the consolidation period. Our results also suggest that the crowding-out effects of public debt are an order of magnitude bigger than the policy mix effects: Reducing promptly the level of public debt is significantl ...
Top-down vs. bottom-up? Reconciling the effects
... elasticities as identifying restrictions. We find that using our rich narrative dataset for net-revenue changes within the MR specification yields multipliers of about 0.5 for Germany on impact and decreasing slowly within a time horizon of five years. This is much lower than other bottom-up estimates, ...
... elasticities as identifying restrictions. We find that using our rich narrative dataset for net-revenue changes within the MR specification yields multipliers of about 0.5 for Germany on impact and decreasing slowly within a time horizon of five years. This is much lower than other bottom-up estimates, ...
Local Tax Reform in Kyrgyz Republic
... improving governance mechanism, transparency and better targeting of fiscal resources as local government is better positioned and more responsive to local aspects of social needs with respect to resource mobilization and allocation. The Government of Kyrgyz Republic (KR) has chosen fiscal decentral ...
... improving governance mechanism, transparency and better targeting of fiscal resources as local government is better positioned and more responsive to local aspects of social needs with respect to resource mobilization and allocation. The Government of Kyrgyz Republic (KR) has chosen fiscal decentral ...
How Buoyant is the Tax System?
... so-called tax buoyancy: the measure of how tax revenues vary with changes in output.1 In this paper we ask three questions. How large are tax buoyancies, for different groups of countries, and for different types of revenues, both over the long run and in the short run? Do tax buoyancies remain the ...
... so-called tax buoyancy: the measure of how tax revenues vary with changes in output.1 In this paper we ask three questions. How large are tax buoyancies, for different groups of countries, and for different types of revenues, both over the long run and in the short run? Do tax buoyancies remain the ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... revenue minus unemployment benefits. So, the government aims at having a constant budget after the unemployment benefits have been paid. In what follows, it is assumed that the government uses G to provide public consumption goods. Tighter environmental standards lead to an increased emissions tax rev ...
... revenue minus unemployment benefits. So, the government aims at having a constant budget after the unemployment benefits have been paid. In what follows, it is assumed that the government uses G to provide public consumption goods. Tighter environmental standards lead to an increased emissions tax rev ...
Instruments, rules and household debt: The effects of fiscal policy J. Andrés
... a variety of fiscal stimulus packages involving a wide array of fiscal instruments. Today many of these governments are struggling to reverse the process of massive debt accumulation that has occurred over the last few years, by reducing expenditures and/or increasing taxes. These policies have been ...
... a variety of fiscal stimulus packages involving a wide array of fiscal instruments. Today many of these governments are struggling to reverse the process of massive debt accumulation that has occurred over the last few years, by reducing expenditures and/or increasing taxes. These policies have been ...
Tax Expenditures and the Federal Budget
... budgetary problems high on their list of economic problems facing the United States For example, Representatives Jim Cooper and Frank Wolf introduced the Securing America's Future Economy Commission Act (H.R. 3654), which would create a bipartisan commission to develop solutions to the long-term fed ...
... budgetary problems high on their list of economic problems facing the United States For example, Representatives Jim Cooper and Frank Wolf introduced the Securing America's Future Economy Commission Act (H.R. 3654), which would create a bipartisan commission to develop solutions to the long-term fed ...
the fiscal framework in romania – the efficiency of
... debt sustainability by public finances can be achieved in a framework based on rules or one based on discretion. If in the second case, the advantage is represented by flexibility and possibility to respond timely to shocks manifested in an economy, a policy based on rules has the advantage of reduc ...
... debt sustainability by public finances can be achieved in a framework based on rules or one based on discretion. If in the second case, the advantage is represented by flexibility and possibility to respond timely to shocks manifested in an economy, a policy based on rules has the advantage of reduc ...