Political Costs of Tax Based Consolidations is popular PDF and ePub book, written by Chuling Chen in 2019-12-27, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Political Costs of Tax Based Consolidations can be Read Online from any device for your convenience.
Political Costs of Tax Based Consolidations Book PDF Summary
This paper studies the impact of tax-based consolidations on reelection outcomes. Using a granular database of tax-based consolidations for a panel of 10 OECD countries over the last 40 years, we find that tax reforms are politically costly but some reforms are costlier than others. Measures aimed primarily at reducing existing deficits and debt are costlier than tax consolidation policies for improving long-term growth prospects. Electoral costs are particularly high for broad-based indirect tax and corporate tax reforms. Voters tend to penalize governments less if tax consolidations are announced early in the government’s term or if the government has a strong political mandate. Favorable economic conditions increase public support for tax-based consolidations. Personal income tax reforms are electorally salient if the reforms are frontloaded, announced during recessions, and in less progressive tax systems.
Detail Book of Political Costs of Tax Based Consolidations PDF
- Author : Chuling Chen
- Release : 27 December 2019
- Publisher : International Monetary Fund
- ISBN : 9781513521534
- Genre : Business & Economics
- Total Page : 31 pages
- Language : English
- PDF File Size : 15,5 Mb
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