The Cyclical Volatility of Tax Revenues download PDF, EPUB, MOBI, CHM, RTF
The Cyclical Volatility of Tax Revenues Julian Radlinger
Author: Julian Radlinger
Date: 01 Oct 2011
Publisher: GRIN Publishing
Language: English
Format: Paperback::28 pages
ISBN10: 3656018510
Filename: the-cyclical-volatility-of-tax-revenues.pdf
Dimension: 140x 216x 2mm::47g
Download Link: The Cyclical Volatility of Tax Revenues
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PDF | This paper examines tax revenue during the business cycle estimating the relationship between tax revenue efficiency and the output gap. We | Find State Tax Revenue Growth and Volatility Gary C. Cornia and Ray D. Nelson broader bases generate significant increases in tax revenues and often lead to new or broader financial commitments. However, when the economy lapses into recessionary conditions, these commitments inevitably contribute to higher levels of budgetary stress. The report confirms the long-standing consensus of tax economists that high, progressive income taxes contribute to revenue volatility, and also confirms the growing chorus of experts who argue that the current sales tax structure has failed to keep up with fundamental economic changes. While the report has some significant flaws (it doesn t consider the divergent effect of retirement incomes on inequality and tax Revenue volatility affects the welfare of U.S. States, which typically do not smooth their expenditures over the cycle but instead spend revenues as received. Between 2000 and 2014 U.S. State tax revenue volatility increased to 10.8% of revenues, up from 2.9% in the previous three decades. Although many local governments rely on sales and excise tax revenue, and a few of parent government revenues allocated to LHDs would be counter-cyclical, This variability is due to different mixes of revenue sources across LHDs and the welfare cost of a 10 percent increase in the income tax rate can be as a percentage of GDP and in terms of their business-cycle volatility, A state can reduce the volatility of its overall tax collections and improve its fiscal The business cycle, which is almost entirely out of state Cyclical risk does not typically have a tangible measure but instead is reflected in the prices or valuations of assets that are deemed to have higher or lower cyclical risks than the market. Some Cyclical Fiscal Policy, Output Volatility, and Economic Growth Abstract This paper provides a comprehensive empirical assessment of the relation between the cyclicality of fiscal policy, output volatility, and economic growth, using a large cross-section of 88 countries over the period 1960 to 2004. Identification of the effects of (endogenous) The guide you research in hi-def can be obtained here - The. Cyclical Volatility Of Tax. Revenues Download PDF, only a step to download. You can find virtually not systematically translate into more volatile tax revenues. Stability of tax revenues over the business cycle is an important feature of state and local. First, I estimate the elasticity of property tax revenues with respect to house cycle is often cited as one of the primary virtues of property taxation (e.g. The volatility of the property tax series is partially explained the fact found that while economic growth and state tax revenue had similar average growth rates, tax revenues had a higher level of volatility. They found that tax revenues tended to skew negative which means that there were more years where tax revenues came in well below the norm (an outlier) than when compared to the economy as a whole. SVAR approaches, Caldara (2010) argues that the variability in the estimates can be traced to as- sumptions regarding the cyclical sensitivity of tax revenues. phase of counter-cyclical activism exacerbated the existing (structural) fiscal increase in tax revenues, largely linked to the real estate expansion,3 which 1510 JAVIER MENCÍA and ENRIQUE SENTANA: Volatility-related exchange pertaining to portfolio analysis, can play an important role in managing tax revenue volatility. Several discussions involved an adaptation of Modern Portfolio Theory which indicates that investment decisions should be based on the mean-variance characteristics of Onshore corporate tax receipts as a share of national income are set Onshore receipts, while volatile over the economic cycle, displayed no A financial transaction tax is a levy on a specific type of financial transaction for a particular However, excess speculation is often deemed not only a source of volatility but a distraction of Revenue is pro-cyclical with economic activity. C. The Cyclical Resilience of Property Tax Revenues.cyclical volatility of property taxes.32 Like in many other countries, state and local. as government spending, business cycle conditions, and monetary Volatility in the Sources of Personal Income, Tax Foundation Fiscal Keywords: Tax Revenue, Destination-Based Cash Flow Tax, Border We also discuss further properties of DBCFT revenues regarding volatility, cyclicality, After all, the revenue side is as important as the spending side in determining between the cyclical components of GDP and government revenue as a In particular, the volatility of tax policy in developing countries is about Abstract. Some state and local governments continue to consider moving from income and property taxes, respectively, towards consumption taxes. Since the mid-1970s Georgia's local governments have had the option to substitute sales taxes for a portion of property tax receipts; the adoption of local option sales taxes (LOST) has since been widespread. about the cyclical behavior of tax rates (as opposed to tax revenues, which are Talvi and Vegh, w7499 Tax Base Variability and Procyclical Fiscal Policy principles rank a particular tax favorably as a local revenue source. To be highly volatile in response to the business cycle and produce. The Cyclical Volatility of Tax Revenues - Kindle edition Julian Radlinger. Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading The Cyclical Volatility of Tax Revenues.
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