Tax Composition and Growth is popular PDF and ePub book, written by Mr.Santiago Acosta Ormaechea in 2012-10-26, 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, Tax Composition and Growth can be Read Online from any device for your convenience.
Tax Composition and Growth Book PDF Summary
We investigate the relation between changes in tax composition and long-run economic growth using a new dataset covering a broad cross-section of countries with different income levels. We specifically consider 69 countries with at least 20 years of observations on total tax revenue during the period 1970-2009—21 high-income, 23 middle-income and 25 low-income countries. To our knowledge this is the most comprehensive and up-to-date dataset on tax composition and growth. We find that increasing income taxes while reducing consumption and property taxes is associated with slower growth over the long run. We also find that: (1) among income taxes, social security contributions and personal income taxes have a stronger negative association with growth than corporate income taxes; (2) a shift from income taxes to property taxes has a strong positive association with growth; and (3) a reduction in income taxes while increasing value added and sales taxes is also associated with faster growth.
Detail Book of Tax Composition and Growth PDF
- Author : Mr.Santiago Acosta Ormaechea
- Release : 26 October 2012
- Publisher : International Monetary Fund
- ISBN : 9781616359171
- Genre : Business & Economics
- Total Page : 36 pages
- Language : English
- PDF File Size : 19,9 Mb
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