Полное описание

Amaglobeli, David. Tax reforms and fiscal shock smoothing / by David Amaglobeli, Laura Jaramillo, Pooja Karnane, and Aleksandra Zdzienicka. ; International Monetary Fund,. - [Washington, D.C.] : International Monetary Fund, 2019. - 1 p. - URL: https://cat.gpntb.ru/?id=FT/ShowFT&sid=0c1b0820fc3f1ef554d7c5ce8a34850b. - ISBN 1498317111. - ISBN 9781498317115. - Текст : электронный.
Содержание:
Data and empirical methodology -- Empirical results -- Conclusions and policy implications.
Рубрики:
Taxation
Taxation

Аннотация: This paper examines the role of tax policy reforms in enhancing fiscal shock smoothing in a panel of 13 OECD economies during the period 1980-2017. The results suggest that tax reforms, in particular those that broaden the tax base, significantly enhance the ability of fiscal policy to mitigate the impact of growth shocks on disposable income. We find that the magnitude of shock smoothing increases from an average of 2 percent to 3-3½ percent following the reform. The effects are considerably higher for tax base than tax rate changes, and also higher for indirect tax than direct tax changes. The effects are symmetric—that is, the increase in shock smoothing following a reform expanding the tax base (rate) is similar to the decline in shock smoothing after a reform narrowing the tax base (rate). Tax elasticity, collection efficiency, and the progressivity of the tax system are important channels through which tax reforms affect fiscal stabilization.
Доп. точки доступа:
Jaramillo, L.
Karnane, P.
International Monetary Fund,

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