For different reasons the oil companies might apply higher required rates of return than they did some years ago, and this has consequences for investments and tax revenue in oil provinces. By applying various required rates of return as well as various oil prices, this study derives future Norw...
The initial effect is offset by a subsequent reduction in production which has a negative effect on future taxes. The result is that increasing required rates of return will lead to small variations in net present value of total tax revenue. Further, with lower oil prices, tax take increases ...
We investigate the effect of higher prices of energy and lower nominal wages — as a result of the shift in taxes away from labour — on employment, as well as the consequences on investment and productivity. The model used is a dynamic investment model based on a putty-clay vintage ...
Data show that in 1-11 months, the national tax revenue (149699 billion yuan) grew by 0.5% over the same period last year, and the cumulative increase was 0.1 percentage points higher than that in 1-10 months. Tax revenue growth picked up slightly, mainly in the fourth quarter of last ...
Since the mid-1990s almost all OECD countries have engaged in fundamental reforms of their tax systems. There is a trend towards higher social security contributions and lower tax rates on personal and corporate income. This paper explores whether these tax policy measures are effective means for ...
This paper analyses the effects of increases in value added tax (VAT) through a dynamic computable general equilibrium model. The database of the model encompasses a social accounting matrix (SAM) for the year 2010. All the important South African taxes are included in the SAM and the househol...
The value of thenational debtrises because the amount of interest owed on that debt increases. Governments may be forced to raise taxes or cut down on spending when this happens. Not every asset’s value moves in the same direction because of inflation. One may drop just because another rise...
Areas that see brain gain are also impacted. They can experience overcrowding, especially in major metropolitan areas where more opportunities are available. A lot of people in one area puts a strain on resources and this can lead to higher prices and taxes. ...
The government can work to cut back the budget deficit by using its fiscal policy toolbox to promote economic growth, such as scaling back government spending and raising taxes. What Causes a Budget Deficit to Improve? Budget deficits, reflected as a percentage ofGDP, may decrease in times of...
Fiscal deficits arise whenever a government spends more money than it brings in during thefiscal year. This imbalance is common among global economies. Between 1970 and 2022, the U.S. government has had higher expenditures than revenues for all but four years.1As of September 2023, the U.S....